You wouldn’t dream of providing healthcare services without having professional liability insurance-so why would you endanger your financial security by not having Directors and Officers (D&O) coverage as well?

As a director or officer in your healthcare corporation, you regularly make decisions and take actions that could embroil you in litigation as an individual-possibly resulting in a hefty judgment against you personally.

Directors and officers of healthcare corporations just like yours are sued every day for one or more of the following:

• Inadvertent violations of government statutes


• Ignorance of corporate books and records


• Failure to verify facts in official documents before signing


• Failure to properly supervise the activities of others


• Wrongful termination


• Wasting corporate assets


• Failure to attend meetings of directors or committees

The list goes on and on. And with many judgments in Directors & Officers lawsuits exceeding $1 million, a single D&O case against you could wipe out the personal assets you’ve worked so hard to earn.

Broad Coverage, Competitive Price
You can protect your financial security and your family’s future with a highly affordable D&O insurance policy from The SCPIE Companies. With SCPIE’s D&O policy, you can be protected up to an annual aggregate of $3 million. For one low premium, your policy will include:

Duty to Defend
Unlike some D&O policies that only reimburse insureds for legal expenses, SCPIE will arrange for attorneys to represent you and will supervise your defense in the event of a covered claim. In addition, SCPIE will help you right away, even before your policy retention (similar to a deductible) is exhausted.

Entity Coverage
If a lawsuit names your medical corporation in addition to naming you personally, your D&O policy will cover the corporation as well.

Coverage for Subsidiaries
The policy provides automatic coverage for your corporation’s existing subsidiaries. It also provides automatic coverage for created or acquired new subsidiaries, provided that each new subsidiary’s assets represent less than 20% of your corporation’s total assets. (If such assets are greater than 20%, coverage can be purchased for an additional premium, subject to underwriting approval.)

Coverage for Outside Directors, Officers and Trustees
If you serve as a director, officer or trustee of an outside not-for-profit 501(c)(3) company at the specific written request of your medical corporation, you’ll be covered for legal exposure in your outside role.

Spousal Liability Coverage
If you are the focus of a lawsuit, and your spouse is also named because of his or her legal connection to your assets, your spouse will be covered.

Financial Strength and Security
Since your financial security depends, in part, on the ability of your D&O carrier to pay expensive legal judgments, it’s important to check the financial strength of any prospective insurer.

SCPIE is a solid, well-capitalized professional liability insurer. Our policyholders can rest assured that whenever they need to defend their financial security and professional reputation, we'll be there to stand by them!

For 30 years, SCPIE has been a pioneer in professional liability insurance for healthcare providers.

SCPIE supplies malpractice coverage to approximately 11,000 physicians -and to hospitals, oral and maxillofacial surgeons, chiropractors, podiatrists and a variety of other healthcare providers.

At SCPIE, we’re committed to meeting the needs of our insureds. During the management of claims, for example, SCPIE goes to great lengths to keep its policyholders informed and involved. Dealing with a claim can be emotionally draining; by working closely with its insureds, SCPIE plays a valuable role in supporting them through a trying experience.

OPTIONAL: Employment Practices Liability Coverage!
For a small additional premium and subject to underwriting approval, your policy can also include coverage for employment practices liability. You will be covered for discrimination, wrongful termination, sexual harassment and other employment-related issues. This D&O coverage is likely to be stronger than similar coverage you may have under your medical malpractice liability policy.

To receive additional information and a free, no-obligation premium estimate, call SCPIE at 800/717-5333 or click here.