|
The
Program
|
Other
Carriers
|
| Company
Reputation & Financial Strength |
|
|
| ·
Coverage is issued by member companies of American International Group, Inc. (AIG) |
|
|
| ·
Endorsed by the American Psychiatric Association |
|
|
| ·
Sponsored by the Psychiatrists' Purchasing Group |
|
|
|
|
|
Features
& Benefits
(may vary by state)
|
|
|
| · The Program offers both occurrence and claims-made coverage. |
|
|
·
Administrative and
Governmental Billing Defense Costs Endorsement
|
|
|
·
Coverage for forensic psychiatric services and administrative defense benefit included in the policy
|
|
|
| ·
Policies issued require the insured's consent to settle
no "hammer clause" (see policy
for details) |
|
|
·
Prior acts coverage available
|
|
|
| ·
Vicarious liability coverage available |
|
|
·
Behavioral healthcare group coverage available
|
|
|
| ·
Loss of earnings |
|
|
| ·
Peer review and utilization review |
|
|
| ·
ECT/EST coverage included at no additional charge |
|
|
| ·
Extended reporting waiver period for death, disability,
retirement |
|
|
| |
|
|
| Risk
Management & Claims Services |
|
|
| ·
Toll-free Risk Management Consultation Service |
|
|
| ·
Free quarterly risk management newsletter |
|
|
| ·
CME-accredited risk management seminars |
|
|
| ·
Experienced psychiatric claims staff and defense counsel
|
|
|
| ·
Risk management self-assessment tool |
|
|
| |
|
|
| Discounts
(may vary by state) |
|
|
| ·
Up to 50% part-time practitioner discount |
|
|
| ·
50% member-in-training moonlighting discount |
|
|
| ·
Up to 60% early career psychiatrist discount |
|
|
| ·
15% child/adolescent psychiatrist discount |
|
|
| ·
5% psychoanalysis as majority of practice discount |
|
|
| ·
5% risk management education |
|
|
| ·
Up to 5% behavioral healthcare group discount |
|
|
