Preferred Professional Auto Insurance Review

The Preferred Professional Auto Insurance Company is a company that does not offer automobile insurance to most drivers.

Interestingly enough, Preferred Professional is a liability insurance company that primarily offers its services to physicians and surgeons.

Due to the intense liability associated with the medical profession, surgeons and other medical professionals frequently need to make use of this type of insurance. Preferred Professional offers a host of different types of insurance to fit almost any kind of need a doctor might have.

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Company Information

Preferred Professional started in 1987 in Omaha, Nebraska. In the ensuing years, the company has gone from offering only the basic type of liability insurance coverage to offering a host of other types. Among the types of insurance Preferred Professional Insurance Company or PPIC offers are administrative hearings coverage, professional coverage for nurse practitioners, nurse midwives, physicians assistants and CRNAs, tail coverage, Locum Tenens coverage, and vicarious liability coverage.

Specifics

Preferred Professional is generally regarded as a stable company that operates above board. The company has 45 full time employees, an A.M. Best rating of A- and a valuation in the $100 to $250 million range. Begun by a Catholic healthcare network, Preferred Professional began as nothing more than a way for physicians to have liability insurance within the Catholic community. However, the company has expanded considerably since the beginning. Now, any medical professional can take out a policy.

When a physician may have made a mistake that caused damage to a patient, an administrative hearing is a common practice in most medical establishments. Administrative hearings coverage is useful for a couple of different components of the investigative process. The most important benefit this type of insurance provides is that it will pay for counsel during such a hearing. Administration is not a court of law, so there is no assumption of innocence. Nonetheless, anything the physician says may be held against them in both this type of hearing and subsequent court dates.

Nurse practitioners are advanced types of nurses who have extremely wide and diverse potential roles. There are nurse practitioners who practice in fields as diverse as oncology, early childhood and even anesthesiology. However, there is great potential for liability in all of these and other fields a nurse practitioner may specialize in. Because of this liability, PPIC also offers coverage for nurse practitioners.

Legal Concerns

No one in the medical professions is immune to being sued if something goes wrong under their care. While nurse midwives, physician assistants and CRNAs are not high ranking in the medical field, they may still come under threat if a lawsuit appears from any sort of malpractice or suspected malpractice. Because of this constant occupational hazard, nearly everyone in the medical professions can be covered by Preferred Professional insurance policies.

Tail coverage is frequently useful for individuals who practice medicine. Tail coverage refers to insurance that extends beyond the end of an insurance policy but protects an individual from liabilities resulting from errors while the policy was in effect. For example, if a surgeon makes an error that causes an individual’s heart to slowly leech blood and the individual dies several years later as a direct result of this error, an existing policy may not still be in force. However, tail coverage can be useful to protect a surgeon from liability claims that may come up years or even decades after a procedure is performed.

Substitutions of Doctors

Sometimes a surgeon or other kind of doctor temporarily takes the place of another doctor because of a variety of possible reasons. Much like a substitute teacher, a doctor may only be operating in a particular medical establishment for a day or two. Nonetheless, there is just as much potential for malpractice on a physician’s first day as there is decades into his or her practice. Because of this continuing risk, PPIC’s locum tenens insurance policies allow a stand-in doctor to be protected from liability wherever he or she may practice.

Most of the time, an individual is solely responsible for his or her own automobile actions. When he or she makes a mistake, sometimes one individual is negligent and another is held responsible for this. Holding a medical facility or a higher ranking medical professional responsible for the errant actions of a subordinate is known as vicarious liability. Because of this danger, Preferred Professional also offers vicarious liability coverage to protect medical professionals from the mistakes of their underlings.

Through offering a wide variety of different types of insurance policies, Preferred Professional allows many different kinds of medical professionals to be protected from their mistakes.

Granted, any error that results in death or human suffering must be punished. But while the punishment must fit the crime, a generally good doctor or nurse who makes one mistake should not necessarily be ruined for a moment’s lapse in judgment.

Travel Coverage

While a lot of people do not realize how many types of medical travel there are, it goes well beyond house calls and medical transportation. When a physician travels to a lecture or business meeting, when a medical professional rents a car or when a doctor or nurse aide visits an immobile patient, medical travel insurance policies all come into play, which includes rental car insurance. Since PPIC is one of the few companies that specialize in insurance for the medical community, it can be a leader in a valuable niche.

On the whole, Preferred Professional Auto Insurance Company is a solid company that offers some very useful types of policies. Between these policies, a medical professional can be protected from almost any kind of liability event he or she may become involved in.

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