Working with Professional Solutions
Consent to Settle
The consent to settle clause directs the actions of the carrier in the event of a claim or suit. Professional Solutions' true consent to settle clause gives the choice to consent or not consent solely to you — the insured. There are no policy conditions which could penalize you should consent not be granted.
Risk Management & Discounts
Participate in Professional Solutions-approved risk management activities and you may qualify for premium discounts.
Cyber Liability & Regulatory Action coverage
Starting at a $50,000 aggregate limit for 10 areas of coverage, including multimedia, network security and privacy, privacy regulatory defense and penalties, privacy breach/patient notification and credit monitoring expenses, network asset protection, cyber extortion, cyber terrorism, regulatory proceedings (wrongful billing), brand guard and PCI DSS assessment.
Extended Reporting Coverage (Tail Coverage)
After one year of coverage and 48 months prior acts with us, your physicians can receive tail coverage at no additional cost at retirement and for death/disability.
Government Proceedings Defense Costs
Paid up to $25,000 for state disciplinary proceedings and Quality Improvement Organization Sanction Proceedings.
For remaining claims-free and/or participating in risk management programs, working part-time hours and for new graduates.