Underwritten by Coverys
Offered by SOHO HEALTH through the Connecticut Affiliated Physicians Purchasing Group
Why is SOHO HEALTH creating this sponsored insurance program?
All of our physicians need medical malpractice insurance coverage, but not all insurers are alike. We have partnered with Coverys, which is a recognized leader in insuring physicians and Advanced Practice Professionals in Connecticut. More importantly, Coverys provides a leading edge risk and practice management services aimed at improving performance and outcomes. Joining forces with Coverys to offer a program tailored to the needs of our physicians, supports the SOHO HEALTH vision to be the most advanced customer‐focused and patient‐center healthcare network statewide.
My practice and I are already insured by a Coverys company, what should I do?
Existing Coverys insureds will be able to keep their coverage through their existing broker. Existing insureds may be eligible for additional credits based on the growth of the medical malpractice insurance program and participation in our risk management education program (through MED-IQ). Contact your current broker for more information.
I’m not insured by Coverys now, what should I know?
Coverys, through its A.M. Best A‐rated family of insurers, provides coverage for more than 33,000 physicians nationwide and more than 500 hospitals. Coverys was founded by health care providers and continue to actively serve the health care community through aggressively defending good medicine and providing leading edge data analytics and related services aimed at improving patient safety and enhancing the performance of physicians and others under Accountable Care.
I’m not insured by Coverys now, how can I enroll with Coverys?
Please contact Kathy Strauch at 860-453-0430, ext 561 or firstname.lastname@example.org.
What premiums will be charged?
Coverys will set premiums each year, by specialty. As part of their commitment to the program, and to limit premium fluctuation, Coverys will maintain the proposed rating structure for three years. If the experience modification of the entire group changes more than (+/‐) 5 points, the resulting experience modification shall be applied at renewal.
Is“tail” coverage offered by the medical malpractice insurance program and under what conditions can I purchase tail coverage?
Yes. The medical malpractice insurance program will provide tail coverage for an additional premium continuing the limits of liability in effect when coverage is terminated under the Program. Under the following circumstances, the Program will provide tail coverage at no additional premium: (1) the death of an insured; (2) an insured’s permanent and total disability; (3) upon the insured’s retirement from the practice of medicine, at age 55 or older, and where the insured has actively participated in coverage for a minimum of 60 consecutive months.
Will the Program assume my retroactive date from my prior insurance policy?
Yes. If Coverys agrees, with respect to insureds new to Coverys, subject to the application and prior claims history. Existing Coverys insureds will be eligible for transfer to the medical malpractice insurance program without charge.