Products Overview
Stay Protected with Customized Medical Malpractice and Insurance Solutions and Risk Management
As a healthcare provider, you face three areas of liability: the practice, business and regulation of medicine. MagMutual provides our PolicyOwners with solid protection, expert support and valuable insights through flexible and scalable coverage options to best fit your needs. With our comprehensive solutions to medical malpractice and all your other insurance needs.
Practice of Medicine
Protecting yourself and your reputation provides peace of mind. Our professional liability insurance safeguards physicians, patients and healthcare organizations from the risk of claims. With our medical malpractice solutions, you get comprehensive coverage designed to mitigate risks and ensure financial security.
Medical Professional Liability: According to the Medscape Malpractice Report 2019, 59% of physicians surveyed had been named in a malpractice claim, either individually or with others. Protect yourself with solutions to medical malpractice that help manage malpractice risk and ensure financial security.
Hospital Professional Liability: Protection for both your facility and employed physicians, unmatched risk management and patient safety support all rolled into one single product.
Business of Medicine
Keep your business operational, protect valuable assets and prevent personal liability losses related to exposures that arise from running your practice or facility.
Management Liability: Organizations need unique solutions. Liability for directors and officers, employment practices, fiduciary or crime insurance — we tailor our coverage to your organization’s needs and size.
Workers’ Compensation: Ensure that you and your employees are protected while facing increased risk within the workplace.
Regulation of Medicine
Organizations within the healthcare industry can be susceptible to threats of a data breach or regulatory matter. Receive coverage and expertise through MagMutual to protect your assets and patient information.
Cyber Liability: Shield your organization from data breaches and cyber threats and protect your digital assets and patient information.
Regulatory Liability: Ensure that your organization is protected from current and future government regulations for the healthcare industry.
The power of insight
Now you can see all of your potential risks and all of your protection in one place. MagMutual’s revolutionary new risk tool uses your specific profile and our extensive claims database to create an interactive visual simulation of your entire universe of liability. It helps evaluate how your current insurance holds up, assess potential medical errors, and identify ways to reduce malpractice exposure. By leveraging evidence-based insights, this tool empowers you to strengthen your coverage, mitigate losses, and enhance standards of care in your practice. (Pat. and Pat. Pending)
Alternative Risk Solutions
Our creative insurance options offer significantly reduced expenses, less volatility and a higher potential return. You decide how much risk you want to absorb and we'll build a customized solution that works for you and your organization.
OWNERSHIP REWARDS
MagMutual consistently returns the profits of our efforts back to our PolicyOwners in the form of dividends and Owners Circle rewards. This is your company, and we want you to be the first to benefit from our success.
MagMutual provides comprehensive coverage, along with customized advice, exceptional claims support and consistent financial benefits, to more than 40,000 healthcare providers and organizations nationwide.
40,000+
healthcare providers insured
#1 mutual
medical professional liability carrier in the U.S.
96% of claims
from the last five years resolved without going to trial
$443M+
PolicyOwner rewards