TMCnet News
MLMIC Offers Medical Professional Liability Coverage for Physicians Returning as Volunteers During the COVID-19 Pandemic - No New Premium RequiredAs part of ongoing efforts to support our dedicated physicians throughout New York, MLMIC Insurance Company is pleased to extend medical professional liability coverage - without requiring any new premium - to retired physicians who were last insured with MLMIC and are coming back as volunteers to provide care during the COVID-19 pandemic. MLMIC defines "volunteer," in this case, as a retired physician providing professional services for no fee, salary or other compensation with the exception of reimbursement for expenses incurred delivering those services. Qualifying physicians may apply online. The coverage limits of the medical professional liability offered to these volunteers will be the same as what they held when actively practicing prior to retirement and when last insured by MLMIC. Coverage also includes defense costs if a claim is filed against them while volunteering. In addition, if the returning physician previously held regulatory defense coverage, it will be provided for actions resulting from volunteer professional services. There is no new premium for this coverage which is included through physicians' expired policies without impact upon any presently existing tail policies. New York physicians can access this information at https://www.mlmic.com/covid-19/returning-physicians. To request coverage, interested volunteers can apply online or call (800) ASK-MLMIC (1-800-275-6564) and ask for Underwriting. Additional support for all physicians is available at https://www.mlmic.com/covid-19, and policyholders always have access to MLMIC's toll free 24/7 Legal Hotline - (855) FAKS-LAW (1-855-325-7529) - for any concerns that may arise. About MLMIC MLMIC, formed in response to the medical professional liability (MPLI) insurance crisis of the late 1970s, has been a leader in the medical liability insurance industry for over 40 years. Today, MLMIC is not only the largest writer of MPLI in the State of New York, but is also one of the largest companies of its kind in the nation. MLMIC insures more than 13,000 providers, 3,000 dentists, dozens of hospitals and thousands of other healthcare professionals and facilities and is proudly endorsed by over 70 state, county medical and specialty societies. In 2018, MLMIC was acquired by National Indemnity, a Berkshire Hathaway company, launching a new era as New York's premier medical professional liability carrier. MLMIC has more than 350 employees and field reps positioned throughout New York. View source version on businesswire.com: https://www.businesswire.com/news/home/20200402005519/en/ |
