In all the years of insuring teleradiology, we have never been presented with a situation for which we could not design an insurance program. We were the first to begin writing start-ups and individual teleradiolgists when neither were in-vogue and led our competition in writing final reads. We insured telemamm companies when most could not find coverage for mammography even across a common modality mix, and have been at the forefront in the now common hybrid radiology models.

Simply, we excel where our competition fails because we have been writing teleradiology longer than the others. Today, we hear from our clients who are now inundated with solicitations from agents and brokers claiming to be able to insure teleradiology and save them premium. Our question to these newcomers is “where were you seven and eight years ago?”

In 1999 and 2000, most insurance company underwriters had not heard of teleradiology – let alone understood how to underwrite the risk. Very few markets would entertain the teleradiology exposure – and it came with great limitations.

We have been through all of the stages – from writing prelims only to writing final reads, from no individuals or start-ups to writing individuals and startups, from no to certain states and jurisdictions to yes to all states and jurisdictions, and from no mammography to yes to mammography. The list goes on and on. We were around when minimum premiums were $75,000 – just to get insured. Our minimum premiums are now less than $20,000 for start-up companies.

A great example of our abilities vis-ΰ-vis our competition occurred recently when we took over representation on a teleradiology account insured through one of our competitors. As we studied the in-force policy, we were stunned to find that the format our new client had been sold by the former agent was nothing short of archaic. Honestly, it was a policy form used in the early 2000’s – and this from a brokerage that had been writing telerad for a while.

We immediately added individual per-physician aggregates and a $10.0 M policy aggregate, switched the per-occurrence coverage from shared to individual, and saved the client more than 40% in premium. It took us all of two (2) days to have the better policy is place at a significant discount to the old.

We are confident that we can do the same to you – and will provide you a free consult. Give us a call. Send us a copy of your insurance program and by the next day, we will advise as to whether you have the best thing going – or whether there are improvements to be made. No gimmicks – no pressure. If your program is in shape – and we can do no better, we will simply tell you so. If we think we can do better, we will explain how. Hopefully you will move your account to us. But you will be under no obligation to do so.