PracticeProtection provides comprehensive healthcare professional liability insurance coverage – with superior customer service and competitive premiums.

Yes. We work with select independent medical malpractice insurance agents/brokers.

Our insurance rates are actuarially sound and are closely monitored by our experienced insurance professionals as well as periodic reviews by our regulators, our independent actuary and our reinsurance partners. Your competitive rate from PracticeProtection is a result of our fair assessment of your risk. Our company’s profitability is a result of strict underwriting – only choosing the best risks combined with aggressive and prudent claims management.

Yes. PracticeProtection commonly provides “prior acts coverage”. With prior acts coverage we cover all incidents that occur after your retroactive date and that are reported to us while your policy is in force.

Yes. PracticeProtection Insurance offers an “Extended Reporting Period Endorsement”, which is commonly referred to as “tail” coverage. If this coverage is in place, then all claims that occurred after your retroactive date are covered, regardless of when the claim is reported to us.

Yes. There is no charge for an Extended Reporting Period Endorsement should any of the following events occur while the insured is actively insured with us

• Death of the insured
• Insured is unable to continue to practice due to total and permanent disability
• Insured retires from practice at any age and has been continuously insured for a period of time.

The most common reason requiring you to purchase tail coverage is when you join or leave a group. Many group contracts demand that when you join the group, you do so without any prior-acts exposure; which means you must buy a tail policy from the existing carrier if you want your prior coverage to remain in place. Conversely, if you leave a group you are often required to purchase a tail policy from the group’s insurer to satisfy the group’s concern about completing your coverage during the time you were practicing with them.

Switch now! It is called a “mid-term switch” and our customers do it all the time! In fact, you will probably see significant savings immediately rather than waiting.

PracticeProtection is a privately-held insurance group which consists of a large number of dentists and physicians. PracticeProtection is managed with a long-term perspective with a focus on:

• Providing the highest quality customer service in the industry.
• Aggressive defense of non-meritorious lawsuits.
• A steadfast commitment to the financial strength of our company.
• Stringent underwriting and vigorous selection of only the finest dental and medical professionals.

Many factors influence the cost of medical malpractice insurance, including:

• Practice Location
• Medical Specialty
• Procedures Performed
• Years in Practice
• Claims History
• Regulatory or Disciplinary Actions
• Applicable Discounts

Yes! Your PracticeProtection policy provides coverage for defense costs for the defense of disciplinary proceedings, and we will assist you in defending your license, and therefore, your livelihood.

All legal costs and claims expenses are fully paid by PracticeProtection and are in addition to (outside of) the policy limit.

Yes, aggressively! At PracticeProtection, we fully investigate and develop a litigation strategy for each new claim against one of our insureds within 90 – 120 days. With the full involvement of our insured, our highly experienced claims team will assemble a winning plan utilizing the best defense attorneys and clinical experts. If there is a clear problem with the clinical management of a claim, then early resolution will be the goal; but if the allegations of negligence are defensible, then we will provide an aggressive defense of the frivolous claim.

Yes. If temporary coverage is needed for a healthcare professional providing substitute coverage for an insured, locum tenens coverage may be added to the insured’s policy by endorsement at no additional cost.

No! While some companies may entice you with an unrealistically low rate and later “assess” you for more money, we do not and will not. The premium we charge for this year’s policy is the only premium that will ever be charged for that policy. Policyholders do not have any personal liability for losses incurred by our past claims.

Both PracticeProtection carriers have earned and maintain a Financial Stability Rating® (FSR) of “A Exceptional” by Demotech, Inc. (demotech.com). This level of FSR is assigned to insurers who possess exceptional financial stability related to maintaining positive surplus as regards policyholders, liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves and realistic pricing. Demotech, Inc. is an independent financial analysis firm specializing in evaluating the financial stability of regional and specialty insurers that is registered with the U.S. Securities and Exchange Commission (SEC) as a nationally recognized statistical rating organization (NRSRO) in the class of ratings for insurance companies.

Yes! PracticeProtection is backed by a panel of global reinsurance partners with financial strength ratings of “A+” (Superior) and “A” (Excellent) from A.M. Best. PracticeProtection is reinsured on an excess of loss treaty basis that is led by Swiss Reinsurance America Corporation and is also supported by a panel of Lloyd’s of London underwriters as well as Cincinnati Re. In addition, PracticeProtection is further protected by a catastrophe excess of loss treaty that is led by MS Amlin Underwriting Ltd. and is syndicated with a panel of Lloyd’s of London underwriters. Additionally, PracticeProtection reinsures a portion of its primary layer of risk on a quota share treaty with Swiss Reinsurance America Corporation.

Swiss Reinsurance America Corporation is part of the Swiss Re Group (“Swiss Re”) which was founded in Zurich, Switzerland, in 1863. Swiss Re has over $179 Billion in assets and maintains a leading position in the global reinsurance market, supported by a strong brand and highly experienced management team.  Swiss Re serves clients through a network of over eighty offices globally and has over 13,000 employees. Swiss Re maintains a financial strength rating of A+ (Superior) from A.M. Best.

Lloyd’s of London is the world’s leading insurance and reinsurance marketplace that has been sharing risk to protect people and businesses for more than three centuries. Lloyd’s has over $207 Billion in assets and all Lloyd’s syndicates benefit from Lloyd’s central resources. Lloyd’s maintains a financial strength rating of A (Excellent) from A.M. Best.

Cincinnati Re is the reinsurance assumed operations of The Cincinnati Insurance Company. The Cincinnati Insurance Company has been operating since 1950 and stands among the nation’s top 25 property casualty insurer groups. Cincinnati Re has over $20 Billion in assets and , in addition to reinsurance, provides a variety of business, home and auto insurance products in 46 states and the District of Columbia. The Cincinnati Insurance Company has over 4,500 employees, is headquartered in Fairfield, OH, and maintains a financial strength rating of A+ (Superior) from A.M. Best.

PracticeProtection Casualty Company is a licensed and admitted property and casualty insurance company domiciled and regulated by the Florida Office of Insurance Regulation (“FLOIR”). To verify our licensure, please visit the FLOIR website (floir.gov) and use the insurer/company search function. PracticeProtection Insurance Company (a Risk Retention Group) is licensed and regulated by the Alabama Department of Insurance (“ALDOI”). To verify our licensure in Alabama, please go to the ALDOI website (aldoi.gov) and use the company search function. In addition, PracticeProtection is registered as a Risk Retention Group with the insurance department of each state in which we operate. Quarterly and annual statements are filed with the National Association of Insurance Commissioners (NAIC). To view our filed financial statements and other company information, please go to the NAIC website (naic.org) and use the Consumer Insurance Search function.

Claims-made policy coverage responds when claims are made against a current insured of the company. Occurrence policy coverage responds for claims that occur during a certain policy period, regardless of when the claim was made.

Yes. Claims Free Discounts are provided based on the number of years you have not been involved in a claim or lawsuit. This discount may be combined with other discounts.

Regardless of what happened, we’re here to help. Click here to download our Incident Report Form. Once it is complete, please email or fax it to the claims department:  claims@practiceprotection.com or (800) 240-9860.

Practice Protection employs a team of claims professionals and has an outstanding panel of qualified defense lawyers.

Yes! PracticeProtection is proud to be the exclusive official professional liability insurance provider of the Indiana Dental Association as well as the Direct Primary Care Alliance and Access Healthcare Direct.