Understanding Your Universe of Liability: Navigating Potential Risks with OneModel®

In today’s environment of social inflation and rising nuclear verdicts, understanding your full liability exposure is crucial to securing the right medical malpractice insurance. That starts with having a clear view of the risks and potential losses your practice may face.

We created OneModel®, our one-of-a-kind healthcare risk assessment tool, to help policyholders optimize their coverage with a visual representation of their total cost of risk. We accomplish this by framing their risk tolerance in terms of their “universe of liability.”

Here is what that means:

Defining Your Universe of Liability 

Your "universe of liability" encompasses all potential risks and losses specific to your practice. OneModel® establishes this picture by integrating proprietary data with industry-wide information from over 500,000 healthcare liability claims. By factoring in your location, specialty and practice type, OneModel® constructs an accurate representation of the risks you face, including ones you might not have previously considered.

Comprehensive Risk Visualization

OneModel® delivers an intuitive visual simulation of your liability universe, enabling you to:

• Assess Current Coverage: Gain a complete picture of how your existing insurance policies align with your identified risks. 
• Identify Gaps: See how far and wide your current coverage extends, and where potential exposures remain. 
• Evaluate Financial Implications: Model the impact of premiums, deductibles and limits to see how different coverage levels affect your bottom line. 
• Optimize Protection: Collaborate with your insurance agent to adjust limits and deductibles, tailoring coverage to minimize exposure.

Empowering Informed Decision-Making

By providing a detailed visualization of your risks and the effectiveness of your current coverage, OneModel® empowers you to make informed, data-driven decisions. This proactive approach helps ensure that your practice is adequately protected against potential liabilities, safeguarding your financial stability and professional reputation.

High-stakes industries like healthcare demand smart solutions — and MagMutual’s OneModel® is just that. It maps your liability universe, reveals hidden risks and enables you to make informed, confident decisions about your protection strategy. Learn how OneModel® helps physicians optimize their coverage by giving them clearer insight into the likelihood and financial impact of loss.

Explore how OneModel® can help to optimize your coverage.