Claims Made/Occurrence Policy Overview

Understanding the Difference

We strive to help you make informed decisions that keep you in control. Understanding the difference between a claims-made and an occurrence policy is just one of the ways we succeed.

Two Choices
Claims-made and occurrence policies are the two primary forms of professional liability insurance on the market today. Both policy forms provide appropriate, quality protection against allegations of malpractice.

To learn more about the differences in Medical Professional Coverages please click here.

At Your Service

Shopping for professional liability insurance can be a little overwhelming—so many important details to understand and coverages to consider. If you would like to discuss which type of policy best suits your needs, please contact your authorized agent at 866-442-3810 or through our on-line contact form for more information about claims-made and occurrence policies.

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Injured Patients and Families Compensation Fund (IPFCF)

The Patients Compensation Fund (IPFCF) was established in 1975 by Wis Stat 655 to provide excess professional medical liability insurance coverage above primary insurance requirements for Wisconsin healthcare providers. The fund provides professional liability occurrence coverage for healthcare providers permanently practicing in Wisconsin. The PCF currently pays that portion of medical professional liability claims in excess of $1,000,000 for each occurrence and $3,000,000 for all occurrences in any one policy year.

Chapter 655 sets forth the obligations and benefits that apply to healthcare providers defined in the law. Defined healthcare providers must participate in the fund and pay fund assessments. The personal liability of a healthcare provider who complies with the requirements of this statute for acts of malpractice is limited to the mandatory insurance limits required by law. The IPFCF pays damages in excess of $1,000,000/$3,000,000 and in accordance with Chapter 655 provisions.

For more information, visit http://oci.wi.gov/pcf.htm or contact us through our on-line contact form. For information about the current lawsuit to restore the IPFCF, click here.

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Member Benefit Program Overview

Health care professionals choose ProAssurance Wisconsin Insurance Company (formerly PIC WISCONSIN) for their professional liability insurance for a number of good reasons, including ProAssurance Wisconsin's creative approach to managing risk, financial strength and stability. These same qualities attract health care associations as well. In 1998, the Wisconsin Medical Society and ProAssurance Wisconsin jointly created the Member Benefit Program. ProAssurance Wisconsin is honored to be associated with an organization so committed to supporting and protecting members of the medical community. ProAssurance Wisconsin shares and supports these ideals.

Designed to reward the exceptional loss history of Wisconsin Medical Society members, the Member Benefit Program offers participants a variety of exclusive benefits. Click here to view the complete listing of benefits.

And now, as seen in a recent Medigram, members with group medical professional liability insurance through ProAssurance Wisconsin may be eligible for an additional 2.5 percent credit if their Electronic Health Records (EHR) system is accredited by the Certification Commission for Healthcare Information Technology (CCHIT).

Member Benefit Program Eligibility Requirements
To receive the many benefits of the Member Benefit Program, you must be a member of the Wisconsin Medical Society practicing in the state of Wisconsin at the time your policy is issued or renewed.

For Program benefits to apply to ProAssurance Wisconsin Insurance Company's (formerly PIC WISCONSIN) group practice policyholders, all members of the practice and all affiliated physicians must be insured by ProAssurance Wisconsin, and they must be members in good standing of the Wisconsin Medical Society.

The Member Benefit Program offers you the security and fair treatment you deserve as a ProAssurance Wisconsin policyholder and a Wisconsin Medical Society member.

If you have any questions or need more information on the Member Benefit Program, please contact your authorized agent or Wisconsin Medical Society Insurance and Financial Services at 866-442-3810, or contact us through our on-line contact form.

Note: Please refer to your policy and applicable endorsements for terms, conditions and exclusions of coverage.

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Who is ProAssurance Wisconsin?

The Wisconsin Medical Society initiated the formation of PIC WISCONSIN (now ProAssurance Wisconsin Insurance Company) more than two decades ago in an effort to improve the availability of insurance and to stabilize premium costs. Today, thousands of healthcare professionals and facilities benefit from the visionary efforts of the company’s founding Directors. And every day, that dedication to treating you fairly continues to provide strength and security to ProAssurance policyholders.

Now part of ProAssurance, a leading writer of professional liability insurance in the nation, we have grown in strength. ProAssurance Wisconsin understands the unprecedented regulatory, business, and legal pressures you face. Look to us for appropriate coverage, risk management services, financial stability, and strong claims defense. We seek to manage the uncertainties and increase the control you experience by providing fair, responsible rates, effective communication, and respect for your input and priorities. Growing from our roots as a Wisconsin doctor-founded carrier, we continue to stand by the mission we established over 20 years ago: to provide our doctors with the best protection and service in the industry.

To learn more, contact us through our on-line contact form.