Directors & Officers
Insurance
This type of coverage protects managers of the corporation against
personal liability to investors, employees, vendors, participating
physicians and other provider organizations. The key D & O exposure
areas include anti-competitive acts, shareholder liability, and
mismanagement.
Errors & Omissions
Liability
Errors and omissions coverage addresses the largest area of exposure
claims arising from the day to day management of health care provided to
members. Designed to protect corporations where allegations of
management negligence are made, E & O insurance covers the exposure
areas that include vicarious liability, credentialling and peer review,
provider selection and utilization review.
Anti-Trust
If an organization is perceived as trying to thwart competition, it may
be charged with violating various anti-trust laws. For example, a merger
or acquisition between two companies resulting in an organization that
would dominate a particular market could result in allegations of
unlawful restraint of trade. Other violations include monopolies, price
fixing and price discrimination, group boycotts, and exclusive dealing.
Employment Practices
Liability Insurance
Many senior executives fail to recognize that their employees constitute
a risk. Employment Practices Liability Insurance (EPLI) protects against
allegations of employment discrimination, such as acts based on gender,
race, minority states, age or handicap, as well as wrongful termination.
EPLI coverage provides payments for defense costs,
litigation and settlements. This protection takes many forms and not all
are alike. Some policies include coverage for the corporate entity,
while others only provide coverage for the officers and directors of the
corporation. Like most insurance contracts, there are problems and traps
to avoid. PIAM will help you select the right coverage for your
practice's needs.
Corporate Medical
Malpractice
This malpractice insurance covers liability suits against the
corporation that may arise when the contractual obligations and
responsibilities of participating physicians and managed care companies
are absent or left ambiguous. It also covers vicarious liability that
can occur when employees of the corporation are deemed negligent in
patient care decisions including denial of care, delay of care, failure
to diagnose or failure to perform.
General Liability
Insurance
This coverage protects the entity against allegations arising from
bodily injury or property damage on the business premises. |
Rules
of Employment
