ATTN: DSNJ MEMBERS!

Don’t miss your chance to reduce your malpractice premium through the
Dermatological Society of New Jersey DSNJ Purchasing Alliance and MDAdvantage.
You could be saving 25% annually!

 

Final Annual Premium: $5,027      Discounts applied:DSNJ Purchasing Alliance CreditPractice On-Site Assesment Electronic Medical Record System Practice Self-Assesment Electronic Prescription Writer Credit Educational Program Credit   MDAdvantage provides superior coverage for NJ Physicians including Supreme Advantage Provided to policy holders at no additional cost for: • Employment Practices Liability Insurance • Privacy and Data Security Insurance • Medical Practice Administration Insurance And remember- MDAdvantage Insurance Company of New Jersey has been assigned a financial strength rating of “A- (Excellent)” from A.M. Best! Step up to a whole new level of protection with MDAdvantage in partnership with the NJ Dermatological Society and DSNJ Purchasing Alliance. Contact Geri Warick at 201-525-1100 (x18) or quote@protectivealliance.com and start saving! This Premium Indication represents one premium possibility, and includes an array of product credits that are available through MDAdvantage® for your specialty. Your final premium proposal may vary depending on your particular circumstances, and will be developed once all of your information has been submitted to MDAdvantage. This Premium Indication does not extend any commitment of coverage or pricing on the part of MDAdvantage Insurance Company of New Jersey.

ATTN: NJOS/OSNJ MEMBERS!

Don’t miss your chance to reduce your malpractice premium through the Orthopaedic Surgeons of New Jersey (OSNJ) Purchasing Alliance and and MDAdvantage.

The savings are significant!

Final Annual Premium: $25,079 (excluding spine)
                                         $29,865 (including spine)

 Disounts applied:
Orthopedic Society Purchasing Alliance Credit
Practice On-Site Assesment
Electronic Medical Record System
Practice Self-Assesment
Electronic Prescription Writer Credit
Educational Program Credit

And remember- MDAdvantage Insurance Company of New Jersey has been assigned a financial strength rating of “A- (Excellent)” from A.M. Best!

Step up to a whole new level of protection with MDAdvantage in partnership with
NJOS/OSNJ Purchasing Alliance.

Contact Geri Warick at 201-525-1100 (x18) or quote@protectiveallaince.com and start saving!
This Premium Indication represents one premium possibility, and includes an array of product credits that are available through MDAdvantage® for your specialty.

Your final premium proposal may vary depending on your particular circumstances, and will be developed once all of your information has been submitted to MDAdvantage.

This Premium Indication does not extend any commitment of coverage or pricing on the part of MDAdvantage Insurance Company of New Jersey.

ATTN: NJAAP MEMBERS

Don’t miss this opportunity to reduce your malpractice premium through the AAP/NJ Purchasing Alliance and MDAdvantage. You could be saving 20% annually!

Final Annual Premium: $6,048 
Discounts applied:

     AAP NJ Purchasing Alliance Credit

     Practice On-Site Assesment

     Electronic Medical Record System

     Practice Self-Assesment

     Electronic Prescription Writer Credit

    Educational Program Credit

 

And remember- MDAdvantage Insurance Company of New Jersey has been assigned a financial strength rating of “A- (Excellent)” from A.M. Best!

Step up to a whole new level of protection with MDAdvantage in partnership with
the AAP NJ Chapter and AAP NJ Purchasing Alliance.

Contact Geri Warick at 201-525-1100 (x18) or quote@protectivealliance.com and start saving!

This Premium Indication represents one premium possibility, and includes an array of product credits that are available through MDAdvantage® for your specialty.

Your final premium proposal may vary depending on your particular circumstances, and will be developed once all of your information has been submitted to MDAdvantage.

This Premium Indication does not extend any commitment of coverage or pricing on the part of MDAdvantage Insurance Company of New Jersey.

No one wants to go grey, but you’ll love going Platinum

What would you do if : 
• Lost your engagement ring? 
• Couldn’t sleep in your home because of a recent fire? 
• Didn’t have a ride to work because your car is in the shop after an accident?

You wouldn’t have to panic if you have the right protection!

Here at ICNJ, we understand that a “one size fits all” actually doesn’t. That’s why we back Hanover’s Commitment to providing quality policyholder service and unique coverage. Hanover Insurance offers packaged protection for all your needs with the convenience of one bill, one account, and one effective date!

It’s more than just insurance coverage, it’s an experience including: 
• Superior services- Platinum Claims phone number, exclusive online tools, 24/7 access to your policies, and much more! 
• Smart Savings with discounts on your policies 
• Additional protection options to cover all your valuables such as Schedules items, Guaranteed Replacement Cost, Rental Car Coverage and more.

 

It’s the Platinum Experience! 
Contact Allison Sanchez at (201) 525-1100 (x19) or asanchez@icnj.com for a quote

A New Webinar Exclusively for MedPro and Princeton Insureds

 

Keep the Infection Out of the Injection

 

Healthcare providers are often unaware of actions and behaviors that lead to healthcare-associated infections (HAIs) and disease transmission in their practices. This webinar will address injection practices in the United States, highlight recent outbreaks, and assess the impact of unsafe injections on patient safety and professional licensure. Objectives 1.  Discuss increased focus on HAIs and injection safety. 2.  Discuss safe injection practices and common injection safety breaches. 3.  Describe outbreaks linked to poor infection practices.

 

Wednesday, April 16, 2014, 12:00 – 1:30 p.m. Eastern Time This webinar is available at no cost for Medical Protective and Princeton insureds and offers 1.5 CME with full documented participation. To receive CME credit, each participant must register and sign in on a separate computer for the webinar.   REGISTER HERE  https://www1.gotomeeting.com/register/797200528

Data Breach Protection Plan

If you think the rules regarding data breach reporting apply only to major breaches involving 500 or more persons you are wrong!

-71% of data breaches happen to small businesses

-Small businesses experience 95% of the credit card breaches reported

-52% of small business owners say they have no data security policy

-Reported data breaches were up 38% in 2011

And when sensitive data is exposed- your reputation is on the line!

 

We can help absorb some of the costs associated with a breach:

1. The Cost Of Notification-

 (i) E-mail and First Class Mail; (ii) Substitute Notices: Media Notice; (iii) Substituted Notices: Toll-Free Number; (iv) Imputed cost to affected individuals who call the toll-free line; (v) Notice to Media of Breach: Over 500; (vi) Report to HHS: 500 or More; and (vii) Investigation Costs: Under 500; (viii) Investigation Costs: 500 or More;.

 

Consequently, compliance with the notification requirements of the Breach Notification Rule can be expensive, particularly if the number of individuals whose PHI has been compromised is large.

 

1. Civil Monetary Penalties

-The entity did not know and could not have known of the HIPAA violation: Not less than $100.00 nor more than $50,000.00 per violation.

-There was reasonable cause for the HIPAA violation: Not less than $1,000 nor more than $50,000 for each violation.

-The HIPAA violation resulted from willful neglect on the part of the culpable entity but was corrected within 30 days of the date the entity became or should have become aware of the violation: Not less than $10,000 nor more than $50,000 per violation.

-The HIPAA violation resulted from willful neglect and violation was not corrected: Not less than $50,000 per violation.

3.    Litigation

4.   Additional Costs

-reputational damage and unfavorable media attention

-credit monitoring services tto affected individuals

– patient and public trust corrosion

Is your company vulnerable to a data breach? Assess your risk level now with the Data Risk Calculator. 

How much could a data breach impacting private customer or employee information cost your company? Get an estimate with the Data Breach Expense Calculator. 

Give Geri Warick a call (x18) or e-mail her at gwarick@icnj.com for more information.

ICD-10 Overview: Next Steps to ICD-10

Wednesday, February 27, 2014
11:45-AS:45 p.m.

Complimentary webinar open to all MDAdvantage physicians and office staff.

ICD-10 Overview: Next Steps to ICD-10

Please e-mail info@icnj.com for registration form.

Dial-in info to be provided upon registration.

Wednesday, February 27, 2014
11:45-AS:45 p.m.

Complimentary webinar open to all MDAdvantage physicians and office staff.

Please e-mail info@icnj.com for registration form.

Dial-in info to be provided upon registration.

Pediatricians- Start Saving!

Don’t miss this opportunity to reduce your malpractice premium through the AAP/NJ Purchasing Alliance and MDAdvantage. You could be saving 20% annually!

Base Premium: $8,644

Premium Credits Available: $2,596

     AAP NJ Purchasing Alliance Credit

     Practice On-Site Assessment

     Electronic Medical Record System

     Practice Self-Assesment

     Electronic Prescription Writer Credit

    Educational Program Credit

Final Annual Premium: $6,048

And remember- MDAdvantage Insurance Company of New Jersey has been assigned a financial strength rating of “A- (Excellent)” from A.M. Best!  Step up to a whole new level of protection with MDAdvantage in partnership with  the AAP NJ Chapter and AAP NJ Purchasing Alliance.

Contact Geri Warick at 201-525-1100 (x18) or gwarick@icnj.com and start saving!

This Premium Indication represents one premium possibility, and includes an array of product credits that are available through MDAdvantage® for your specialty.

Your final premium proposal may vary depending on your particular circumstances, and will be developed once all of your information has been submitted to MDAdvantage.

This Premium Indication does not extend any commitment of coverage or pricing on the part of MDAdvantage Insurance Company of New Jersey.

Orthopedics- Start Saving!

Don’t miss your chance to reduce your malpractice premium through the New Jersey Orthopedic Society/Orthopedic Surgeons of New Jersey (NJOS/OSNJ) Purchasing Alliance and and MDAdvantage.

The savings are significant!

Base Premium: $39,461 (including spine) $33,124 (excluding spine)

Premium Credits Available: $8,045 (excluding spine) $9,596 (including spine)
Orthopedic Society Purchasing Alliance Credit
Practice On-Site Assessment
Electronic Medical Record System
Practice Self-Assessment
Electronic Prescription Writer Credit
Educational Program Credit
Final Annual Premium: $25,079 (excluding spine)
$29,865 (including spine)

And remember- MDAdvantage Insurance Company of New Jersey has been assigned a financial strength rating of “A- (Excellent)” from A.M. Best!
Step up to a whole new level of protection with MDAdvantage in partnership with NJOS/OSNJ Purchasing Alliance.

Contact Geri Warick at 201-525-1100 (x18) or gwarick@icnj.com and start saving!

This Premium Indication represents one premium possibility, and includes an array of product credits that are available through MDAdvantage® for your specialty.

Your final premium proposal may vary depending on your particular circumstances, and will be developed once all of your information has been submitted to MDAdvantage.
This Premium Indication does not extend any commitment of coverage or pricing on the part of MDAdvantage Insurance Company of New Jersey.

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.