MLMIC Introduces SILO – A Customized Protection Program for Employed Physicians
Every aspect of the field of medicine is evolving, and medical professional liability coverage (MPL) is no exception.
Keeping in tune and striving to address the changing needs of the market and customers we serve, MLMIC Insurance Company has introduced SILO, an insurance program designed to provide comprehensive protection for employed physicians.
Some of the many benefits that SILO offers include pricing expertise, risk sharing options, segregation of risk, settlement authority, and savings afforded by a united defense.
SILO was created to provide solutions for various risks, including:
• Steadily increasing MPL loss costs for healthcare facilities, practices, and the professionals they employ.
• The frequency of multi-defendant actions.
• The financial uncertainty of unresolved claims pending for years.
• ‘Outlier’ physicians who have claims with repeated frequency and severity of indemnity payments made.
SILO also offers concierge services and risk mitigation strategies, such dedicated teams for early intervention and regularly scheduled status updates; collaborative claims management and data analytics; customized risk management services and educational offerings; and 24/7 access to dedicated legal counsel.
To learn more about SILO and how MLMIC can help you with this exciting new program, please contact us at 1-800-ASK-MLMIC (1-800-275-6564) or visit MLMIC.com.