MagMutual Enhances Professional Liability Coverage to Hospitals and Health Systems [Professional Services Close – Up]

Proquest LLC

MAG Mutual Insurance Company, a Southeastern medical professional liability insurer, announced it will offer a suite of coordinated coverage, defense and patient safety products to hospitals and health systems.

According to a release, provided through MagMutual's Professional Security Insurance Company, the offering combines facility and employed physician coverage, and expands upon the firm's 30-year history of serving independent physician practices. MagMutual is regarded for its results, including lower ultimate loss costs and a trial win rate of more than 85 percent.

"One of our primary objectives with this new offering is to eliminate the 'divide and conquer' philosophy that drives a wedge between hospitals and physicians," says Johnathan Brutlag, president of Professional Security Insurance Company. "This approach often results in higher verdict and settlement amounts. We believe it is much more effective to foster a coordinated, collaborative claim process."

Coverage now available to hospitals and health systems includes Primary Hospital Professional, General and Employee Benefit Liability, Primary Physicians' Liability and Umbrella Liability coverage. MagMutual claim analysts are located in branch offices throughout the Southeast, ensuring their familiarity with local laws and legal climates, as well as enabling them to nurture a network of seasoned healthcare defense attorneys.

MagMutual policyholders gain ownership in the company, rendering them eligible to receive dividend payments based on company performance. While payments are not guaranteed, MagMutual boasts one of the most consistent records of dividend payments in the industry. Within the last five years, MagMutual has returned more dividends than any other medical professional liability carrier in the Southeast.

MagMutual provides medical professional liability (malpractice) insurance in Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, Tennessee and Virginia.