Business insurance policies come in many forms to cover many needs.  Several factors determine what coverage you will need and the rate you will pay. MSMS Physicians Insurance Agency (PIA) recommends physicians practices review their business coverages on an annual basis to be sure they are properly insured. Here are a few of the coverages you may currently have in your practice or may need to consider:

Workers Compensation – Coverage for an employee who is injured on the job, premium is based on the practice’s annual payroll

Business Owner Policies (BOP) – Pays all or part of the losses incurred by covered perils in the operation of a small business along with liability

Commercial General Liability – Designed for larger businesses which require more comprehensive coverage or who may own the building they occupy

Cyber Liability – Covers cyber risks:  lost income, repairing computers, recovering data and notification of customers

Directors & Officers Liability – covers directors and officers in a practice or the organization for defense of wrongful acts

Error & Admissions (E&O) – Liability insurance that protects professional advice and services by providing defense against negligence claims

Crime Insurance – Manages the loss exposures resulting from criminal acts such as robber If you like your current policies, you can keep the same policy and allow PIA to service your group through an easy “Agent of Record” change.  Receive MSMS level customer service while supporting the work of MSMS. 

For more information or to request a quote, contact Angela Criswell, Director of Operations and Sales at MSMS Physicians Insurance Agency at 517-336-5734 or at acriswell@msms.org. Receive MSMS level customer service while supporting the work of MSMS.