The solo corporation of a physician is likely to be named in a claim of negligence along with the physician. Therefore, precautions should be taken to make sure appropriate insurance coverage is secured for the medical practice. In most instances, a physician’s solo corporation will be covered on a shared limit basis with the physician. For instance, Thompson Family Practice (a solo corporation owned by Dr. Thompson) would be covered by the same $1M/$3M limits afforded to Dr. Thompson by his professional liability insurance policy. If the medical practice is a Partnership or an LLC as opposed to a solo corporation, then separate corporate coverage is needed.
With more than 17 years of experience, our medical professional liability insurance specialist David Stowe will help you ensure that you have sufficient coverage to protect yourself as well as your medical practice. For additional information about corporate coverage or to get a free quote from David, please contact him at 603-488-1081, send him an email at firstname.lastname@example.org, or submit our online quote request form.