It seems that we have seen many inquiries for ancillary provider policies over the last few quarters. As extenders become more prevalent in our healthcare system, exposure to professional liability claims stemming from their patient interactions inevitably rise as well. The old paradigm of respondeat superior may not be the beginning and end of the discussion of exposure for an increasing number of ancillary providers with ever more complex employment relationships spread across multiple practices, facilities and exposures.
Historically, adding an ancillary risk to a primary physician’s policy on a shared limits basis was an easy solution to affordable professional liability coverage. Now, with ancillary providers contracting with multiple physicians and being possibly unwilling to tie their coverage to any one physician (who may have just as dynamic situation as the ancillary), more and more healthcare extenders are seeking to control their own coverage.
The expense is similar to that which the front line physician markets will charge for shared limits on a primary physician’s policy and the ancillary provider is granted significantly more control over this increasingly important component of their professional lives. By carrying an individual policy, the provider can be assured that their coverage is continuous and not tied to any individual employer or physician. In the increasingly unstable work environment, this can be particularly beneficial to the provider who stitches together a work week at several practices or facilities.
Many program carriers do a superb job at writing this emerging risk and we would encourage ancillary providers to first contact their association endorsed carrier for coverage. If this avenue is not open to ancillaries for whatever reason (claims, convictions, regulatory activity or substance abuse issues) we can secure coverage with top rated carriers with ease.
If you find yourself having more questions than answers when seeking coverage, give us a call! We can help: 800-611-0793.