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Business and Personal Insurance

Coverage tailored to physicians and medical practices.
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CAP members can take advantage of CAP Physicians Insurance Agency, Inc. (CAP Agency), a wholly owned subsidiary of CAP, for free advice and consulting on a wide array of insurance products beyond medical malpractice coverage. The experienced insurance professionals of CAP Agency administer the value-added insurance benefits members automatically receive upon joining CAP. CAP Agency provides members with competitively priced insurance products for purchase from carriers rated “A” (Excellent) or better by A.M. Best. For a free consultation, contact CAP Agency or call 800-819-0061.

Business Insurance

The business operations of a medical practice require insurance solutions that are unique from other professions. Filing a claim should not be the first time you review your business insurance. The experienced insurance agents at CAP Agency work with some of the top carriers in the industry to help you get the best pricing on the following insurance products that all businesses should consider.

Business Owner's Policy (BOP)
Business Owner's Policy (BOP)

CAP Agency has arranged to provide CAP members with a business owner’s policy tailored to the needs of the medical practice. A BOP combines a wide range of liability and property coverage into a package that is typically less expensive than purchasing the coverage individually. Typically a BOP includes coverage for:

  • Business Liability
  • Building and Business Personal Property
  • Business Income and Extra Expense
  • Accounts Receivable
  • Valuable Papers
  • Employee Dishonesty

BOP coverage through CAP Agency also includes enhanced features specifically for medical practices.

For more information, contact the CAP Agency at 800-819-0061 or CAPagency@CAPphysicians.com. Or you can fill out this quote request form.

Workers’ Compensation Insurance
Workers’ Compensation Insurance

All California employers must provide Workers' Compensation benefits to their employees. Workers' Compensation insurance pays the medical expenses of injured employees along with compensation for lost income. It also protects the business owner against lawsuits stemming from workplace accidents.

CAP’s Specialized Workers’ Compensation Program, provided through Hanover Insurance Group, offers comprehensive workers’ compensation coverage for medical practices at negotiated low group rates for CAP members.

For more information, contact CAP Agency at 800-819-0061 or CAPAgency@CAPphysicians.com. Or you can fill out this quote request form

MEDEFENSE™ Plus
MEDEFENSE™ Plus

This enhanced coverage of the MedGuard plan protects you against potential expenses related to non-compliance audits and proceedings. MEDEFENSE™ Plus will reimburse you for any legal or audit expense, and/or fines or penalties arising out of:

  • Inquiries by the Medical Board of California
  • Allegations of Medicare/Medicaid and Private Payor fraud and abuse
  • Recovery Audit Contractor (RAC) audits
  • Alleged non-compliance of HIPAA, STARK, or EMTALA regulations
  • Fines and penalties for HIPAA violations

For more information, contact CAP Agency at 800-819-0061 or CAPAgency@CAPphysicians.com.

Employment Practices Liability Insurance (EPLI)
Employment Practices Liability Insurance (EPLI)

EPLI is an often-overlooked but vital coverage for medical practices. This important policy provides for the defense and indemnity costs of:

  • Lawsuits brought by employees, former employees, and job applicants
  • Third parties alleging discrimination, wrongful termination, harassment, and more

For more information, contact CAP Agency at 800-819-0061 or CAPAgency@CAPphysicians.com.

Directors and Officers Liability
Directors and Officers Liability

Protects directors, officers and the entity against liability exposures associated with the operation of corporate entities and partnerships.

For more information, contact CAP Agency at 800-819-0061 or CAPAgency@CAPphysicians.com.

Errors and Omissions
Errors and Omissions

Provides protection to physicians who perform consulting activities apart from patient medical care. Services include:

  • Evaluating court-ordered child custody and child abuse
  • Reviewing medical records for insurance companies
  • Evaluating defendants in criminal cases
  • Providing an expert medical opinion in a civil trial
  • Performing peer review, credentialing, or utilization management for a third party
  • Workers' Compensation and Disability Evaluations

For more information, contact the CAP Agency at 800-819-0061 or capagency@capphysicians.com.

CyberRisk
CyberRisk

As physicians adopt patient electronic medical records and share these records among different health care providers, they are facing an avalanche of new regulations with potential civil monetary fines. Added to HIPAA is the Health Information Technology for Economic and Clinical Health (HITECH) Act, enacted to secure patients’ personal identity and health information.

Traditional property and liability insurance typically does not cover these exposures. Rather, a tailored insurance response is required to address the varied risks now emerging.

In addition to the $50,000 CyberRisk protection CAP members automatically receive, they are eligible to purchase additional coverage with limits of $1 million to further protect you.

For more information, contact CAP Agency at 800-819-0061 or CAPAgency@CAPphysicians.com.

Free HIPAA Training - NAS CyberNET®
Free HIPAA Training - NAS CyberNET®

CAP members and their staff have access to free HIPAA training through NAS CyberNET®. With 24/7 access to online training courses, NAS CyberNET® helps physicians mitigate the risk and impact of a cyber breach. For complete details, please visit our HIPAA training article.

Life is unpredictable. Be prepared.
Life and Disability Insurance; Voluntary Benefits

Disability insurance is a difficult item for physicians to shop for because the details of coverage are somewhat nuanced. But it’s important to consider the long-term financial impact should you be unable to work. Whether you are single, married, just starting a family, or retired, life insurance can also be a valuable tool.

Enhanced Benefits for CAP Members: Limited Time Enrollment
Enhanced Benefits for CAP Members: Limited Time Enrollment
Enroll Between October 1 - November 16 for an Effective Date of January 1, 2021

CAP Physicians Insurance Agency, Inc. (CAP Agency), a wholly-owned subsidiary of the Cooperative of American Physicians, Inc. (CAP), is pleased to partner with MetLife to provide CAP members and their families with exclusive access to a wide range of personal insurance products and flexible plan options at competitive large group rates.¹

Enroll now: https://compass.empyreanbenefits.com/CAP 

The following products are available for purchase to you and your family members during this limited enrollment* period with no medical underwriting or health exams required:

  • Short Term Disability :A $1,000 weekly benefit plan that begins to pay after the 14th day of injury or illness
  • Long Term Disability: Up to $10,000 monthly benefit available² and payable up to five years or up to Social Security
  • Hospital Indemnity: Choose between a low and high plan; Plan offers payments of up to $2,000 for admission and up to 15 payments of $400 per day in the hospital
  • Critical Illness: Receive a lump sum payment up to $30,000 when you or your covered dependents are diagnosed with a critical illness; A $50 health screening benefit is payable once per year for each covered member
  • Accident: Benefits between $50 and $50,000 are available when you have an off-the-job accident
  • Dental and Vision (purchased individually): Choose from three different levels of vision coverage through MetLife: Enhanced, Standard, and Basic; Nationwide network of preferred dentists; Flexible plan options available at preferred large group monthly rates³

The following product is available for purchase and may require medical underwriting:

  • Life Insurance: For members who are currently enrolled in supplemental life coverage and not at the current $500,000 maximum, you may get an additional $50,000 of life insurance benefits with no medical underwriting required. Medical underwriting is required for members who have not previously taken advantage of this offer. Grief counseling, will preparation, and other services are included.

Don't miss this opportunity! Enroll now: https://compass.empyreanbenefits.com/CAP 

For Questions, please contact: CAP Agency 800-819-0061 (Press 5 to reach Benefits) or Benefits@CAPphysicians.com

 

*Your social security number is required for full access to the secure system. 1Premium payment required; other conditions and exclusions apply. 2Income from the tax year immediately prior will be used to determine benefit at time of claim. 3Billed quarterly. 4See Schedule of Benefits.
Benefits for Practice Staff: Limited Time Enrollment
Benefits for Practice Staff: Limited Time Enrollment
Enroll Between October 1 - November 16 for an Effective Date of January 1, 2021

Through CAP Agency’s and MetLife’s partnership, your staff may also take advantage of valuable insurance benefits at competitive rates. For a limited time, your staff members can enroll in these insurance products at competitive rates.

The following products¹ are available to your staff during this limited enrollment* period:

  • Hospital Indemnity: Choose between a low and high plan; Plan offers payments of up to $2,000 for admission and up to 15 payments of $400 per day in the hospital
  • Critical Illness: Receive a lump sum payment up to $30,000 when you or your covered dependents are diagnosed with a critical illness; A $50 health screening benefit is payable once per year for each covered member
  • Accident: Benefits between $50 and $50,000 are available when you have an off-the-job accident
  • Vision: Choose from three different levels of vision coverage through MetLife: Enhanced, Standard, and Basic; Nationwide network of preferred dentists; Flexible plan options available at preferred large group monthly rates³
  • Dental: Enhanced Dental PPO plan offered by United Concordia Dental; Vast network of preferred dentists; Rich plan benefits at preferred large group monthly² rates

If you are interested in learning more about these staff benefits, our preferred broker for these programs, Ashbrook-Clevidence, Inc., is here to help. Please reach out to either:

*Your social security number is required for full access to the secure system. 1Premium payment required; other conditions and exclusions apply. 2Billed Quarterly. 3See Schedule of Benefits.

Personal Insurance

For independent physicians, what impacts their practice may also impact their personal financial situation and vice versa. Therefore, in addition to protecting the finances of their practices, physicians should also hedge against financial risks that impact them personally.

Group Personal Excess Liability (Personal Umbrella)
Group Personal Excess Liability (Personal Umbrella)

Physicians are vulnerable to personal liability lawsuits, which can generate exposures that easily exceed homeowners and private passenger automobile insurance limits.  CAP Agency offers highly competitive rates on this must-have coverage.

To learn more about how you can better manage your risk with a Group Personal Excess Liability policy, contact Integro Insurance Brokers at 888-939-2377 or capumbrella@integrogroup.com. Or enroll online today.

Homeowners and Automobile
Homeowners and Automobile

Homeowners and Automobile insurance covers:

  • High-valued homes
  • Vacation homes and rental homes
  • Fine Art, jewelry, and collections
  • High valued vehicles
  • Recreational vehicles
  • Yachts and watercraft
  • Private Aircraft
  • Gentlemen farming and wineries
  • Hard-to-place exposures such as brush, flood, earthquake

Get more information and apply online now.

Pet Insurance
Pet Insurance

CAP has partnered with Petplan pet insurance, so you can provide the love and hugs, and let this coverage help cover the cost of unexpected veterinary bills.  Learn more and sign-up for Petplan Pet Insurance.

How Much Insurance Do You Really Need?
The Physician's Guide to Choosing the Right Insurance is available to CAP members to help them make informed decisions about business and personal insurance coverage options.
  • Learn about physician-specific insurance programs for you and your practice.
  • Request a free copy via phone 800-819-0061 or by completing the below form.

Contact CAP Agency

Apply now! Enjoy the benefits of CAP protection.