Insurance Solutions Designed
for Independent Providers
At MPL Risk, we value independent healthcare providers, and so do our carrier partners. Whether you’re a solo family practitioner or a multi-specialty group with multiple locations, we have specialized insurance programs designed to meet your unique needs. We understand the importance of flexible payment terms, discounts for part-time hours, and complimentary tail coverage provisions. Our carriers offer all of these and more, making it easier for you to manage costs and tailor coverage to your practice’s specific circumstances.
Protection You Can Rely on Long After You Retire
Beyond just flexibility, your practice needs the security of a financially strong carrier. We work exclusively with A.M. Best-rated carriers who will be there to protect your legacy and reputation for years to come, even after you’ve retired. This level of financial stability ensures that your coverage remains solid, and that your carrier is ready to invest in a strong defense if your reputation is at stake. With MPL Risk, you gain access to carriers who are committed to spending the necessary resources on your protection, safeguarding your professional future and peace of mind.
Experienced Agents Who Understand the Unique Needs of Medical Practices
Our team has extensive experience in structuring medical malpractice programs that address the unique needs of healthcare providers. We provide guidance on setting coverage limits, deductible structures, and even exploring Surplus Lines options for providers with complex claim histories. We guide you through every coverage decision so your policy is tailored precisely to your practice
We work with:
- Various Specialties: OBGYNs, ENTs, Cardiologists, Family Practitioners, Psychiatrists, Radiologists, Anesthesiologists, and various Surgical Specialties
- Large Physician Groups of 20 or more physicians
- Solo Practitioners
- Telemedicine providers
Our carriers can provide:
- Claims-Made or Occurrence coverage
- 1st dollar coverage up to $100k+ retentions
- Coverage for providers with prior claims
- Consent to Settle provisions
- HIPAA Insurance and Cyber Liability Insurance
- Medical Director coverage
- Entity Coverage
- Coverage in all states
Understanding Your Malpractice Coverage
Occurrence vs. Claims-Made
The two malpractice policy forms cover you very differently. An occurrence policy covers any incident that happens during the policy period no matter when the claim is filed – even years later – making it simpler and gap-free, but usually more expensive up front. A claims-made policy only responds if the policy is active both when the care occurred and when the claim is reported; it starts cheaper and steps up over the first several years, but it leaves a gap the moment you cancel, switch carriers, or retire. Choosing between them isn’t about year-one price – it’s about your true multi-year cost and how you plan to eventually wind the policy down.
Tail Coverage, Explained
If you carry a claims-made policy, tail coverage (an Extended Reporting Period) is what protects the years you’ve already worked once that policy ends. It covers claims reported after your policy terminates for care delivered while it was active – which is exactly what you need when a physician retires, becomes disabled, passes away, or leaves the group. Purchased unexpectedly, tail can cost 150–300% of your annual premium, so it should never be an afterthought. Several of our carriers include complimentary tail on death, disability, and retirement – a provision we prioritize when we place your coverage.
State Requirements: PA & NJ
Malpractice requirements vary by state, and getting them wrong can jeopardize your hospital privileges and licensure. In Pennsylvania, physicians don’t insure through a single policy: under the MCARE Act, you must carry primary professional liability coverage and also participate in the MCARE Fund, which adds a layer of excess coverage above your primary limit – and the two layers have to be coordinated correctly to stay compliant. New Jersey generally requires physicians to carry medical malpractice liability coverage (commonly $1M per occurrence / $3M aggregate) or an approved alternative such as a letter of credit for those unable to obtain coverage. In both states, hospital credentialing and payer contracts often impose their own minimum limits on top of state law – so we confirm every applicable requirement before placing your coverage.
Request a Quote
A single coverage gap can put your hospital privileges, your license, and your practice at risk. Talk to an MPL Risk advisor about your specialty, your state requirements, and your contracts – and request a quote to see exactly how we’d structure your protection, every step of the way.
Request a Quote
Ready to explore customized coverage for your medical practice? Talk to us today about your needs and request a quote to see how we can help you stay protected every step of the way.
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