HEALTHCARE


The health care industry faces constant change and attack from mergers, acquisitions, Medicare and Medicaid fraud and abuse, the impact of managed care, and legislative health care reform such as the BBA (Balanced Budget Act) and the HIPAA (Health Care Insurance Portability Act), to name a few.


Million Insurance Agency, Inc. creates solutions for our clients. Our expertise lies in detailed coverage analysis combined with the meticulous and creative use of innovative products from a multitude of insurance carriers. Our customized detailed proposals not only teach but also serve as loss control and educational references for our clients.


Million Insurance Agency, Inc. provides sophisticated and effective wholesale brokerage services for the following products:


Directors & Officers Liability Insurance
Protection for Directors and Officers of organizations. The directors and officers are typically held personally responsible for the actions or acts resulting from directing the organization.

Errors and Omissions Liability Insurance
Protection for the "alphabet soup" of managed care organizations such as PHOs, IPAs, HMOs, MSOs and CVOs. Managed care's evolving impact in the health care industry creates exposures such as vicarious liability, liability from choosing what medical care to deliver, and ultimate responsibility for the quality, quantity and speed of that care.

Medical Malpractice Liability Insurance
Protection against medical or professional misconduct or an unreasonable lack of skill.

Provider Excess (Stop Loss)
A form of reinsurance that provides protection for medical expenses above a certain limit. Any health care organization that assumes risk via a risk bearing agreement with another party would utilize this mechanism to control costs.

Employment Practices Liability Insurance
Protection for an insured corporation and its directors, officers and employees against covered losses arising out of claims for most employment law violations such as sexual harassment, discrimination, wrongful termination, failure to promote or hire, and retaliation - just to mention a few.

Fiduciary Liability Insurance
Protection of fiduciaries who may be personally liable for losses to a benefit plan as a result of a breach of their duties in administering their employer's plans.