MagMutual Expands Professional Liability Coverage to Hospitals, Health Systems

Coverage aligns common interests of facility and physicians, fosters a coordinated, collaborative claims process

ATLANTA--(BUSINESS WIRE)--MAG Mutual Insurance Company, the Southeast’s foremost medical professional liability insurer, today announced it will offer a comprehensive suite of coordinated coverage, defense and patient safety products to hospitals and health systems.

“This approach often results in higher verdict and settlement amounts. We believe it is much more effective to foster a coordinated, collaborative claim process.”

Provided through MagMutual’s Professional Security Insurance Company^SM, the offering combines facility and employed physician coverage, and expands upon the firm’s 30-year history of serving independent physician practices. MagMutual is highly regarded for its superior results, including lower ultimate loss costs and an industry-leading 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 extensive 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 strong network of seasoned healthcare defense attorneys.

A key component of the MagMutual offering is its patient safety program, designed to help hospitals, health systems and physicians identify and remediate vulnerabilities that may expose them to risk. “We know that healthcare providers, first and foremost, are dedicated to providing safe and effective care,” says Joseph S. Wilson, MD, chairman of the board and CEO of MagMutual. “We share this commitment. Due to our long history, we have accumulated a wealth of insight into professional liability and strategies for avoiding risk. We’re pleased to offer this expertise to our policyholders, helping them to develop and refine quality, risk management and patient safety programs.”

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.

For more information about MagMutual’s professional medical liability coverage, please visit www.magmutual.com, or call 404-842-5600 or 800-282-4882.

About MagMutual

MagMutual provides medical professional liability (malpractice) insurance in Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, Tennessee and Virginia. Founded in 1982 by physicians, Atlanta-based MagMutual is one of the largest malpractice insurers in the U.S. with offices throughout the Southeast. The company is rated A (Excellent) by A.M. Best. Insurance products and services are issued and underwritten by MAG Mutual Insurance Company and its affiliates. For more information, visit www.magmutual.com.