Other Business Insurance

MSVIA offers assistance with an array of other business insurance coverage including, but not limited to the areas below.  Please contact us if we can be of assistance with any of the following coverages.

Commercial Auto Coverage
Automobile insurance that is needed for automobiles owned and titled in the business or corporate name.

Commercial Umbrella
A policy that provides additional coverage - above and beyond coverage provided by standard liability contracts.  An umbrella policy provides another layer of liability coverage over 3 different policy forms; general liability,  commercial automobile, and employer’s liability policies.

Cyber Liability
The rising use of EHRs brings with it higher risks of security breaches, theft, loss or accidental transmission of confidential personal or financial information, all of which a healthcare practice could be held liable.   Cyber Liability coverage provides protection for losses involving the access and disclosure of confidential information transmitted via email, the Internet, and computer networks.  Some policies will pay fines and penalties, and some pay costs to notify those affected and the costs of credit-monitoring services.  Breaches are not just caused by hackers, but can happen when a laptop is stolen, employees act maliciously, or there are problems with off-site data storage, for example.

Directors & Officers Coverage (D&O)
Directors and Officers Insurance provides coverage for suits concerning the alleged failure of individuals in management / advisory positions with respect to failures or negligence regarding the performance of their duties.  

Employment Practices Liability (EPL)
Employment Practices Liability (EPL) provides coverage for claims brought by past employees, present employees, or prospective employees, who allege employment discrimination, wrongful termination, or sexual harassment.

ERISA Bonds (Employee Retirement Income Security Act of 1974)
An ERISA bond is an  employee dishonesty bond that is mandated by ERISA to be in place to ensure honesty in an employer's handling of 'welfare and benefit' plans.

Fiduciary Liability Coverage
Fiduciary Liability coverage provides coverage for wrongful acts or any violation of the responsibilities, obligations, or duties imposed on fiduciaries by the Employee Retirement Income Security Act (ERISA), as well as acts, errors or omissions in the performance of the duties as the administrator of company pension plans or 401k plans.

Medicare/Medicaid Billing Errors & Omissions and HIPAA Violations
Even physicians who attempt to adhere to the thousands of pages of Federal regulations can make innocent mistakes in Medicare/Medicaid billing and can potentially be investigated and fined. This coverage is designed to help protect the physician and the corporation from Medicare and Medicaid billing error investigations and prosecutions.