The goal now is to get all the accurate information we require to finalize a suitable quote for you! If you have received an estimate, it is likely because there is additional information we will require or a highly specialized procedure that has minimal markets and we will need to aggressively shop it for you. If you received a quote price, you’re almost finished, the next steps are to take your order to underwriting, finalize the needs of your policy and get you approved and bound in 1 to 2 business days!
Standard malpractice policies do not cover services not recognized by major health organizations such bioidentical hormone therapy or MEDSPA services such as filler injections or pellet procedures. Your policy is specifically customized to cover a wide range of medical services, including the anti-aging treatments and med spa procedures you included in your application.
Yes. Since this is a surplus lines policy, we can cover medical services that mainstream insurers typically exclude. Your policy is designed for integrative medicine practices offering certified anti-aging treatments.
Yes. Our policies include coverage for bioidentical hormone therapy and peptide weight loss therapy. It’s essential to list all services on your application to ensure proper coverage.
Yes! Our policies are designed for startups with no claims history, provided you have received proper training and certification
Yes! We can replace your current policy to better align with your services and match your existing retroactive date. We have access to all the insurance markets, and we will represent you as the insurance buyer for the most competitive rates!
Standard limits are $1M/$3M, with options to adjust based on your practice’s needs. We also offer a $250K/$500K limit for low-volume, low-risk startups.
We understand the value of legal defense! Defense costs are typically included within the policy limit unless otherwise stated in your specific policy terms. You will see the Defense limits offered on your policy proposal/quote and the sample policy before you purchase.
Yes, we insure with our policies that we offer clients, to include HIPAA patient data breach and Cyber liability Coverage because there is online presence and need for your business to thrive and we want to make sure you are covered. You will see the Cyber and HIPAA liability limits offered on your policy proposal/quote and the sample policy before you purchase.
You need two types of insurance:
YES! We cannot stress enough how important it is to have coverage for the Company, your medical director and all your staff. This is a part of the liability insurance you would be purchasing from us. They do not require separate or individual policies.
Premiums are based on your services, claims history, location, and risk profile. Customization is available to match your practice’s specific needs.
Yes, flexible payment plans are available with our Premium financing partner. Put 25% down and then set up your monthly payments. NO CREDIT CHECK is required because the loan is solely based on your policy as an asset, if you don’t pay the policy, it will just get cancelled.
Premium adjustments depend on claims history, regulatory changes, and market conditions.
Some of the policies we offer are classified as a STEP RATE POLICY for Start Ups, where we ask the carrier to reduce the rate for the first year because we know you may need every dollar to make your business run successfully, and spread the cost out into year 2, and 3.
Report It ASAP – If you face a claim, legal issue, privacy breach, or similar incident, notify your insurer in writing as soon as possible with all the important details. We provide A rated insurance policies with the top law firms to represent you. Many of our products have a 24/7 Claims, Investigations and Demands hotline.
Don't Admit Fault or Pay Anything – Don’t accept responsibility, make payments, or take any financial action related to the incident without getting written approval from your insurer.
Cooperate Fully – You’ll need to help the insurance company with their investigation, including answering questions, attending hearings, and providing any necessary documents or testimony.
No Arbitration Without Approval – If someone wants to settle the claim through arbitration, you need written permission from your insurer before agreeing to it, this is why we have built in Legal Defense into the cost of your policy! UTILIZE IT!
Yes, provided you maintain continuous coverage and your retroactive date is recognized.
Report It ASAP – If you face a claim, legal issue, privacy breach, or similar incident, notify your insurer in writing as soon as possible with all the important details.
You are required to report any claim or allegation directly to the insurance carrier. Detailed reporting instructions are included in your policy documents.
Yes, your policy includes a 24/7 risk management hotline that offers free legal consultation.
Yes, additional insured endorsements are available upon request. You will gain access to the service request form upon becoming a client. Many landlords, associations and program partners ask to be an additional insured, this is a common practice, and we are happy to help!
Although we do not offer discounts on insurance policies, we do recognize reduced group rates for specific associations and academies who have a proven track record for training and certification of health practitioners.
Although we do not offer discounts on insurance policies, we do recognize reduced group rates for specific associations and academies who have a proven track record for training and certification of health practitioners.
At WMPG, you will have an account business manager, an agent and an administrative assistant, ready to assist you. Anytime there is a change in your practice, notify us through our simple online form. Once received, we will be happy to make sure your policy is up-to-date, and you are fully protected!
Click here to access service request form.
Yes, location changes can be accommodated with proper documentation.
All employees are covered under this policy, so you do not need to notify us of any new staff unless it involves a contract deal that impacts your yearly revenue.
Yes, you can view and manage your policy documents through our new online portal - Juno Insure. Login to your dashboard or get started on your application today.
COIs can be requested online once a policy has been bound. Click here to submit a Request for a COI.
Yes, but terms vary. Review your policy for specific details. It’s best to contact us immediately if you believe you are going to miss a payment, finance companies tend to communicate with the carrier and send notices directly and we’d like to prevent that from happening.
We recommend writing a new policy when there is a change in ownership. Often, the underwriters will see new ownership as a new policy. If you sell your vehicle, you can’t transfer your car insurance to another owner, they would be required to get their own, and you would be required to update yours accordingly.
If you are looking to sell your practice, let us know! We may have options for you.
Yes, mobile medical services can be covered with specific underwriting requirements. If you do not have a location, it can be challenging to obtain insurance, and we work with specialty markets. Many insurers who offer professional liability, don’t want to take on the general liability of the business that can only be obtained by having a location.
We can review your policy and replace it with one that fully covers your expanded practice. Schedule a free policy assessment and let’s identify where the holes in coverage are in your policy.
Yes, but coverage depends on compliance with state laws and regulatory guidelines. Stem Cells are under heavy scrutiny and it will require some supplementary applications and information that we need to go to bat for you with underwriters! We want you to get approved the first time.
Yes, training and certification are required for all covered procedures. Surplus lines insurance coverage is truly unique because it gives us the opportunity to cover many new exciting procedures, but that also comes with the scrutiny of having to ensure that you have all the required documentation for us to get you the best coverage.
All specialty insurers offer the opportunity to cancel your policy, after 90 days, at any time. They require at least 25% of the policy coverage to ensure the work done up front is covered in some form of an honored payment.
Refund eligibility depends on your policy terms and how much of the policy period has lapsed. It is based on the carrier and the specialty policy.
Once canceled, coverage ceases unless you purchase tail coverage to protect against future claims related to past incidents. THIS IS IMPORTANT! Surplus lines cover exactly the procedures you are offering, but it’s a claims-made policy, so you must have coverage for the total statute of limitations, which is 2 to 3 years in most states. This is why we always recommend tail coverage after cancellation; however, it is entirely up to you and its completely optional.
Tail coverage (Extended Reporting Period) allows claims to be reported after policy expiration. If you switch insurers and lose retro-coverage, sell your practice, or retire, it ensures continued protection, in accordance with the statute of limitations.
Yes, reinstatement is possible within a certain timeframe, subject to underwriting approval. Try not to get to this point, up front communication is key! We can try to arrange a payment plan. At times, it’s at the discretion of the carrier who is providing the policy, so DON’T RISK IT.
We can help transition your coverage and secure a retroactive date to maintain prior acts coverage. If you’re not happy with your policy, tell us why! This is why we always recommend 90 days prior to your renewal for us to start working on your policy, it gives us time to shop it and get multiple carriers to bid for your policy, if the current carrier is not meeting expectations or pricing.
There are so many changes that happen in the world of Medspa and Anti-aging, that we see people automatically renew policies and realize they’ve outgrown it or they’re paying for something they thought they needed. At WMPG, Policies are not automatically renewed for these reasons. We will be in communication to understand the changes and move swiftly to get your new policy renewed before expiration.
