The SCPIE Solo policy provides a more affordable professional liability insurance option. By eliminating some coverage features and adding certain loss-containment provisions, this innovative new policy offers a premium 10% lower than our traditional policy without sacrificing basic liability protection.
SCPIE understands how difficult it can be to run an oral surgery practice today, when economic realities force many oral/maxillofacial surgeons to look for ways to reduce their overhead. That includes finding less-expensive alternatives to traditional professional liability policies.
The new SCPIE Solo policy is designed for oral/maxillofacial surgeons whose primary consideration is cost. Although the policy focuses solely on allegations of professional negligence, it still includes the protections most essential for oral/maxillofacial surgeons:
- Maximum limits of liability—$1,000,000/$3,000,000
- Coverage for direct patient treatment
- Protection for salaried employees at no additional charge
- $1,000/day reimbursement for attendance at arbitration hearings
- $250/half-day reimbursement for attendance at trial
- Insured’s consent to settle required
- Extended Reporting Endorsement (tail coverage) provides an indefinite reporting period
- Nonassessable policy.
Benefits to Meet Your Basic Needs
The SCPIE Solo policy provides benefits that meet the requirements of most oral/maxillofacial surgeons. These include:
- 45 days of free locum tenens coverage per calendar year, subject to advance notification and underwriting approval
- Free Reporting Endorsement (tail coverage) for oral/maxillofacial surgeons who are age 65 and have five years’ policy tenure upon complete and permanent retirement
- Free Reporting Endorsement (tail coverage) in the event of death or permanent disability, regardless of the policyholder’s age
- 75% premium discount for temporary disability
- 50% part-time discount
- Discount for claims-free doctors
- 5% loss prevention discount
- Discount for doctors new to the practice of medicine
- 75% for the first year
- 50% for the second
- 25% for the third
- 20% for the fourth
- Arbitration as a means of claims resolution.
Valuable Services for Your Convenience
The SCPIE Solo policy provides insureds with a number of valuable services:
- Specific Client Services Representative assigned to answer your questions
- Risk management consultation only a phone call away—24 hours a day, seven days a week
- Convenient payment options at no additional cost: quarterly billing, automatic checking deduction, credit card payments
- Interactive website that allows you to download your Certificate of Insurance and/or Credential Letter, check on your premium payments and obtain other policy information.
Cost-Containment Measures
These features enable SCPIE to offer the policy at a 10% discount:
- Claims-made and -reported professional liability coverage only
- Defense costs included within the policy liability limits
- Covered territory: California (worldwide for emergency situations)
- Arbitration as an alternative claims resolution method is encouraged
- Policy provisions provide a strong incentive for insureds to accept settlement proposals recommended by SCPIE
- Exclusions from both indemnity and defense coverage include, but are not limited to, the following...
- Allegations of sexual misconduct
- Alteration of medical records
- Acts while impaired by drug use
- Disciplinary/administrative review proceedings
- Note: The cost-containment measures listed above do not apply to our flagship policy, SCPIE Solo Plus.
Expert Claims Handling
The approximately 350 oral/maxillofacial surgeons and 8,300 physicians insured by SCPIE appreciate our well-deserved reputation for tenaciously defending claims. SCPIE’s claims management is unsurpassed when it comes to experience and expertise, which is why our success rate in defending insureds is outstanding. Only one out of five claims results in an indemnity payment!
Proactive Risk Management
We strive to prevent claims from being filed in the first place. SCPIE risk management services include a 24-hour toll-free hotline, customized education programs, on-site consultations and risk evaluation of your practice.
Financial Strength and Security
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!
To receive additional information and a free, no-obligation premium estimate, call SCPIE at 800/717-5333 or click here.
Click here to complete an online application.
Click here to download the application in PDF format.
