PriMed Consulting - Medical Malpractice Brokers NY, NJ

NJ Orthopaedic Surgeons: Premium Decrease Announced by MDAdvantage

22, Aug Aug, 2012

MDAdvantage Insurance Company of NJ announced on January 27, 2012 a significant decrease in premiums for Orthopaedic Surgery EXCLUDING Spine. The new premiums provide a savings of approximately 17%! In addition, OSPA (Orthopaedic Society Purchasing Alliance) members are eligible for another 12.5% discount on their premiums! The premiums for Orthopaedic Surgery INCLUDING Spine remain the same, and the OSPA discount of 7.5% is still available.

The good news is: All Orthopaedic Surgeons (who do not perform Spine surgery) insured with MDAdvantage realized significant savings at renewal after April 1, 2012. For new applicants, the premium savings were effective February 1, 2012.

The OSPA continues to provide premium savings to all their members. The savings on the medical malpractice premiums are substantial compared with the $1000 annual membership fee (or $2000 prepaid for 3 years). This membership fee is discounted for new-to-practice Orthopaedic Surgeons.

OSNJ Medical Liability Insurance Purchasing Alliance: Members of the OSNJ MLIPA can take advantage of discounts of up to 12.5% on their malpractice premiums

Specimen quote:

 

As mentioned above, discounts would apply to all Orthopedic Surgeons who qualify for the Medallion, Preferred or Standard premium tiers. Tiers are dependent on claims histories and other underwriting criteria

For more information, please contact PriMed Consulting.

About MDAdvantage
MDAdvantage is a company built by physicians…for physicians. MDAdvantage is focused on delivering medical professional liability insurance products based on sound financial and market strategies.

MDAdvantage provides a full range of services to help you reduce liability exposure in your practice. Our comprehensive risk management program includes CME-accredited seminars and workshops, home study courses and on-site practice assessments. Our team of claim professionals has earned a reputation for their superior clinical and legal expertise.

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