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NJ Med-Mal Discounts: Orthopaedic Surgeons of New Jersey (OSNJ) & OSPA (Orthopaedic Surgeons Purchasing Alliance)

NJ Med-Mal Discounts: Orthopaedic Surgeons of New Jersey (OSNJ) & OSPA (Orthopaedic Surgeons Purchasing Alliance)

28 Nov 2012
28, Nov Nov, 2012

The Orthopaedic Surgeons of New Jersey (OSNJ), through the OSNJ Medical Liability Insurance Purchasing Alliance, has arranged for discounts on medical liability insurance purchased through MDAdvantage of New Jersey. These med-mal discounts are 12 ½ % for General Orthopaedists and 7 ½ % for Orthopaedists who do Spine.

For the majority of Orthopaedic Surgeons, this will equal a discount of $6,000 on their annual med-mal premiums every year.

MDAdvantage is a medical malpractice insurance carrier dedicated to NJ physicians. MDAdvantage is rated A- (Excellent) by A.M. Best.

PriMed Consulting has worked with OSNJ for many years to provide medical malpractice insurance services for their members. PriMed’s services are available at no cost to you.

If you have any questions or need more information on your medical malpractice insurance, please contact PriMed Consulting (Ask for Dana, Prem or Gabrielle) at 800-528-3758.


MLMIC Risk Management Discounts & Programs for NY Physicians

31 Oct 2012
31, Oct Oct, 2012

MLMIC’s Risk Management programs are designed to help their physicians to improve patient care, and prevent injury or negative outcomes and the resultant lawsuits.

CME Accreditation

MLMIC is accredited by MSSNY to provide CME for physicians. MLMIC utilizes conventional formats and new technologies, including an Internet-based format, to provide and deliver its CME programs. Satisfactory completion of these CME courses allows physicians to earn AMA PRA Category I credits™, the applicable premium credit, as well as qualify for participation in the medical malpractice excess insurance program.

5% Premium Credit

MLMIC offers a 5% discount on malpractice insurance premiums for two consecutive years upon completion of the risk management courses offered pursuant to the NY State Insuarance Department regulations. (Reg 124). The premium credit will be effective in the policy period following the one in which the physician completes the course.

MLMIC also encourages its insured physicians to invite members of their office staff, including physician extenders, to attend these risk management programs. Attendance certificates are provided, upon request, to non-physician participants who complete these courses.

There is no fee for MLMIC policyholders or their employees who wish to participate in these programs.

To explore all your malpractice insurance options, and maximize your savings through discounts offered, please contact PriMed Consulting at 800.528.3758. Email: PriMed Consulting is an independent medical professional liability agency serving NY & NJ. 802 West Park Avenue, Bldg, 3, Suite 302, Ocean, NJ 07712.

Source: MLMIC website

NJ OB/GYNs: Risk Management Programs to Lower Med-Mal Premiums

26 Sep 2012
26, Sep Sep, 2012

MDAdvantage is offering risk management opportunities to help lower OB/GYN med-mal premiums by 15%. Below are further details on these med-mal discounts: Advanced Practice Strategies (APS) Fetal Monitoring Course: 5% Discount MDAdvantage will pay the cost for its insured OB/GYNs who successfully complete the course, which will qualify them for a 5% policy premium discount. […]

Physicians Reciprocal Insurers (PRI) Offers Premium Discount Programs

7 Sep 2012
7, Sep Sep, 2012

Physicians Reciprocal Insurers offers New York State Insurance Department approved Excess and Premium Discount programs. Discounts include:

  • Risk Management Discount
  • Voluntary Attending Physician Discount (Joint Defense Discount)
  • No Consent Discount
  • Part-time Discount
  • New Doctor Discount
  • Annual Pre Pay Option
  • Claims-free Discount
  • Magnacare Discount

For more information, please call PriMed Consulting 800.528.3758. Email:

How the MedPro-Princeton Merger Benefits NJ Physicians

31 Aug 2012
31, Aug Aug, 2012

In January 2012, Princeton Insurance was acquired by Medical Protective/Berkshire Hathaway, which has resulted in enhanced product offerings and greater financial strength for their policyholders. The recent transaction will help New Jersey physicians and healthcare providers confront the challenges they face in a changing healthcare environment. Princeton Insurance has continually been recognized for its excellent customer service as well as Competitive Medical Malpractice coverage for New Jersey physicians especially in primary care specialties, such as Internal Medicine, Family Practice, and Pediatrics. Princeton Insurance is rated A+ (Superior) by A.M. Best.

What are the benefits?

  • Part-time rates can still be calculated as 21 hours or less per week (as they always have been) or can be calculated as 1,092 hours per year, which works well for physicians that travel for part of the year but work full/heavier weeks while in town.
  • Doctors who are on a Claims-Made Policy and switch in to Princeton Insurance Company, a division of MedPro, can qualify for a free tail fully earned after only 1 year with Princeton if they have a retroactive date from 48 months prior. Also, the age requirement of 55 has been removed. There is no longer an age requirement.
  • The new doctor discount has been extended into the doctor’s 3rd year in practice (was formerly 2 years). Now, a new doctor gets a 75% discount for their first year in practice, 30% in their second year, and 15% in their 3rd year.
  • New Jersey policyholders will still experience the sound service long-provided by Princeton Insurance, but will also receive the medical malpractice coverage benefits that MedPro/Berkshire Hathaway offers. The MedPro-Princeton combination marks a win for all NJ policyholders, who will continue to receive the same excellent service they have come to expect along with additional coverage services, resources, and enhanced protection

To obtain a quote from Princeton Insurance, please contact PriMed.

About Princeton Insurance

Princeton Insurance Insurance is the largest healthcare professional liability insurer in New Jersey, serving the state’s hospitals and individual medical and healthcare professionals continuously since 1975. With responsibility for over 19.000 healthcare providers and approximately $150 million in annual premium, Princeton is New Jersey’s leader in professional liability coverage and risk solutions for healthcare providers, including hospitals physicians, dentists, chiropractors, optometrists, podiatrists, and other healthcare facilities. Princeton Insurance is a MedPro/Berkshire Hathaway company with an A+ (Superior) rating from A.M. Best.

NJ Orthopaedic Surgeons: Premium Decrease Announced by MDAdvantage

22 Aug 2012
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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