Does NORCAL offer entity coverage for a physician’s solo corporation or for a medical group’s partnership or corporation?
Yes. NORCAL offers shared limits coverage for a physician’s solo corporation at no additional charge. In addition, a medical group formed as a partnership or corporation that has two or more physician partners or shareholders may purchase separate limits of liability for the entity. The premium charged for this coverage is a percentage of the premium charged to the underlying physicians and health care extenders and is subject to a minimum premium. If I will be away from my practice, can NORCAL suspend—rather than cancel—my coverage? Subject to certain conditions, NORCAL can suspend a physician’s policy when he or she ceases practicing as it relates to that policy for situations such as a sabbatical for additional training, maternity or family leave, or when the physician is between practices. The minimum and maximum periods of time that a policy may be suspended are sixty days and one year, respectively. The physician is required to pay a reduced premium in order to keep the policy ac
Related Questions
- My business entity (Corporation, LLC, Partnership, etc) is entirely passive and/or dormant and it is just paying a minimum tax to the Secretary of State. Is it required to get a license?
- Does NORCAL offer entity coverage for a physician’s solo corporation or for a medical group’s partnership or corporation?
- I employ 50+ employees and a couple employees have severe heath problems. Can I still get group medical coverage?
