Policyholder vs. Insured?

From our partners at ProAssurance

Upon graduating from residency, a doctor will have many different practice opportunities. When a doctor is joining a medical group, the medical professional is more than likely not going to be making decisions about what healthcare professional liability insurance protects them. While they may not be a decision maker in the insurance purchase process, the provider will be added as an insured.

What is a “policyholder”?

A policyholder is the person who is the first named insured on policy documents. As an example,  if there is a medical group named “ABC Medical Group” and they have 10 doctors: ABC Medical Group is the policyholder, and the 10 doctors are endorsed on the policy as insureds.

What is an “insured”?

An insured is a person or entity protected under an insurance contract. Insureds may also be added by definitions provided in a policy form.

Why do I need medical malpractice insurance?

If an insured is sued for medical negligence, this coverage will most likely apply.

Other things this kind of insurance may cover include assistance with:

• depositions if you are a medical provider

• billing issues

• inquiries by a medical board

• peer review investigations, and more.

For more information about the industry, you can go to ProAssurance.com/knowledge-center.