MPLI is Medical Professional Liability Insurance.
In any business, some degree of liability comes from providing a service. The healthcare industry is no exception. There is MPLI and medical malpractice insurance. MPLI stands for ‘Medical Professional Liability Insurance’ and covers such areas as settlement costs, attorney fees, and medical damages, but it is not protected from criminal acts.
Medical malpractice is unique, however, in that it is a charge leveled against medical providers with tremendous frequency. Medical malpractice cases threaten the welfare of every healthcare entity. Fortunately, there is a way to protect yourself from liability that anyone in your organization could incur from a medical malpractice lawsuit.
MPLI Demystified
Medical Professional Liability Insurance (MPLI) is professional liability insurance used to cover medical entities. It protects them in areas where they may suffer while having services disputed for injury or loss that occurs while providing medical care. MPLI covers settlement costs, attorney fees, and medical damages. While it does not offer liability protection for criminal acts, MPLI does provide protection and defense, and many MPLI providers also provide risk mitigation and consultation services.
Why Fifth Avenue Agency?
Founded nearly two decades ago, Fifth Avenue Agency (with offices in Edmond and Tulsa) is an independent agency committed to excellence and ensuring the welfare of its medical professional liability clients.
Did you know that 99% of physicians in high-risk specialties (such as general surgery, obstetrics, and gynecology) and 75% of physicians in low-risk specialties (like pediatrics and psychiatry) will have a claim of malpractice made against them by age 65? Fifth Avenue Agency comes in to protect these physicians and medical agencies. Our agency specializes in various MPLI solutions, such as coverage for high-risk segments for malpractice claims.
How It All Works
Finding MPLI solutions may seem daunting for healthcare professionals, but Fifth Avenue Agency works smarter through synergy and teamwork with our sister companies whenever possible. By collaborating with sister companies through Fifth Avenue Healthcare Services, such as 5ACVO and Primoris Credentialing Network, Fifth Avenue Agency can provide carriers with a more robust underwriting file, making risk assessment faster and easier, often resulting in better premiums for our provider clients.
More information about Fifth Avenue Agency
Fifth Avenue Agency specializes in MPLI and medical malpractice insurance, serving thousands of providers nationwide. It is part of the Fifth Avenue Healthcare Services family. Sister companies include 5ACVO (credentialing and primary source verification specialists) and Primoris Credentialing Network (credentialing and provider enrollment specialists with 54+ health plan and network provider enrollment options).
Fifth Avenue Agency initially published this article here. For information on Fifth Avenue Agency, please visit FifthAvenueAgency.com or Contact Us.
