MPLI stands for Medical Professional Liability Insurance
In any business, there is some degree of liability that 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 cost, attorney fees and medical damages and is not protection from criminal acts.
Medical malpractice is unique however in that it is a charge leveled against medical providers with tremendous frequency. Medical malpractice cases pose a threat to the welfare of every healthcare entity, and fortunately, there is a way to protect yourself from liability that anyone in your organization could incur from a medical malpractice lawsuit.
Read more in our article explaining the difference between MPLI and Medical Malpractice.
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 during the process of having services disputed for injury or loss that occurs in the process of providing medical care.
MPLI covers areas such as settlement cost, attorney fees, and medical damages. While it does not offer liability protection for criminal acts, MPLI does provide protection, 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, OK and Tulsa, OK) is an independent agency committed to excellence and ensuring the welfare of its medical professional liability clients.
Protecting these physicians and medical agencies is where Fifth Avenue Agency comes in. Our agency specializes in a wide array of MPLI solutions, such as coverage for segments at high risk for malpractice claims.
How It All Works
Finding MPLI solutions may seem like a daunting task 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 a more robust underwriting file to the carriers, making risk assessment faster and easier, often resulting in better premiums for our provider clients.
Whether you are in a private practice or represent a major hospital, contact Fifth Avenue Agency for all your MPLI needs.
More information about Fifth Avenue Agency
Fifth Avenue Agency specializes in MPLI and medical malpractice insurance, serving 1000s of providers across the country. Fifth Avenue Agency 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.
