GREAT NEWS FOR DERMATOLOGISTS!

We recently saved a dermatologist over $3.5K by switching them to MDAdvantage NJ Dermatology Purchasing Alliance’s program from their current medical malpractice insurance provider.  Additionally, they were provided through MDAdvantage the Supreme Advantage coverages EPLI data breach and billing defense at no additional cost.

“Doctors today face unprecedented economic challenges, and need to protect not only how they practice medicine but how they operate their businesses, “said Patricia Costante, CEO of the Lawrenceville, N.J.-based MDAdvantage. “Supreme Advantage™ was developed to help physicians in all specialties—ranging from solo practitioners to those in large groups—afford the increasingly high cost of practicing medicine in New Jersey. We are proud to be the first New Jersey-based medical professional liability carrier to provide this supplemental coverage to its insured physicians at no additional cost.”

Would you like to lower you costs and reduce your medical malpractice premium? Would you also like to be protected for employment related suits and have defense coverage for HIPPA hi-tech violations and RAQ audits? If you answered yes, which we are sure you did, What are you waiting for? MDAdvantage Discount for members of Dermatological Society’s Risk Purchasing Alliance is 25%!!!

Coverage highlights:

• Employment Practice Liability Insurance (EPLI): wrongful termination, employment discrimination  sexual harassment, invasion of privacy, and other activities.

• Privacy and Data Security Insurance (PDSI): network security and privacy violations involving HIPAA, data breaches and patient notification, data recovery and other activities.

• Medical Practice Administration Insurance (MPAI) : Medicaid audits, other types of audits and the resulting fines and penalties.

Physicians whose medical professional liability insurance is through MDAdvantage will receive a complimentary level of all three coverages at no extra cost, and will also have the option to purchase additional limits. Doctors not insured with MDAdvantage can purchase either all three coverages, a combination of PDSI and MPAI, or just EPLI.

As an MDA broker we can acquire you a quote and assist you with the application process. Once you become an MDA insured, we’ll be there to service you policyholder needs. For more details please contact Steve Radespiel at 201-525-1100 ext. 12 or via email at sradespiel@icnj.com.

Purchasing Alliance

NJAAP Members, we are pleased to offer you an exclusive membership benefit!

Receive a 20% discount on your MDAdvantage medical malpractice insurance premiums simply by joining the AAP/NJ Purchasing Alliance!

Benefits of Membership in the AAP NJ Purchasing Alliance

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Discount Information

Depending on current insurance rates, most full-time Pediatricians would qualify for a MDAdvantage medical malpractice premium discount of at least $1,800 and up to $3,600 per year (available to part timers as well), with a majority of Pediatricians receiving a discount of $2,500.

This discount is in addition to other discounts applicable to your policy, such as Risk Management (including EMR – Electronic Medical Records, EPW – Electronic Prescription Writer), Part-time, and New Doctor discounts.

Who is Eligible?

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Qualifying Pediatric Specialities:

Pediatrics – No surgery
Pediatrics – Minor surgery
Pediatrics – Subspecialties*
(*Physicians who practice in other subspecialities as recognized by the American Board of Pediatrics and who are members of the Purchasing Alliance are also eligible for a 20% discount if their practice derives 90% or more from the treatment of children aged 21 and younger based on number of patient visits)

Please note that MDAdvantage’s underwriting guidelines will apply to all prospectives insureds and premiums will vary based on a number of underwriting factors. If MDAdvantage declines to offer a policy at this time, the Purchasing Alliance membership fee will be refunded.

How to Apply for the Discount?

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1) AAP NJ Membership: If you are not an AAP/NJ Chapter member, you must fill out and mail the AAP/NJ application along with a $165 check for chapter membership to the National AAP:

American Academy of Pediatrics
72103 Eagle Way
Chicago, IL 60678

Click here for Chapter Membership application form.

2) AAP NJ Purchasing Alliance Membership: Please fill out and mail the Purchasing Alliance membership application along with a $150 check for the Purchasing Alliance membership fee to:

AAP NJ Purchasing Alliance
3836 Quakerbridge Road, Suite 108
Hamilton, NJ 08619

Click here for the Purchasing Alliance membership application form.

Contact PPA’s own Geri Warick for more information

201-525-1100 (x18)

gwarick@icnj.com

full site: http://www.aapnj.org/showcontent.aspx?MenuID=997

Your coverage, your way

As you may already know, professional liability insurance is available in two forms – occurrence or claims-made.  Although both provide protection, there are major differences between the two and selecting your policy type is one of the most significant decisions you’ll make when buying professional liability coverage.

 

Occurrence

Occurrence coverage responds to a claim based on when the dental treatment occurred, regardless of when the claim is actually made against you. As long as the incident occurred during the policy period, your occurrence policy will respond according to the terms and conditions of the policy — even if the claim is made after the policy period expires. For example, if a claim is made in 2012 based on treatment rendered in 2010, the 2010 occurrence policy responds.

 

With occurrence coverage, you receive a separate set of limits every year you have the coverage.

 

Claims-Made

Claims-made coverage, by contrast, responds to claims based on when the claim is made against an insured. For example, if a claim is made in 2012, based on treatment rendered in 2010, the 2012 claims-made policy responds, as long as the incident occurred after the policy’s retroactive date. The policy’s retroactive date is the date after which treatment must occur to trigger coverage.

 

Because claims-made policies do not cover claims made after the termination of the policy, you must secure “tail” coverage (an extended reporting endorsement) at the termination of the policy.

 

To learn more on occurrence vs. claims made and take our quiz on which is right for you please visit: http://www.medpro.com:80/web/ppdjk0gr/home