New bundled insurance deals available to solo and small-practice DOs

The AOA recently launched the AOA Insurance Marketplace, which will provide members with various insurance products, including medical malpractice, business coverage, personal coverage and bundled insurance packages.

How it works

The marketplace is powered by Arthur J. Gallagher and Company, a leading insurance broker that offers group rate products to members as well as direct access to brokers specializing in physician practices.

One benefit of taking advantage of the AOA Insurance Marketplace is the potential for a solo or small-practice DO to have all their insurance needs taken care of in the same place, which can be a major time-saving move.

“Ordinarily insurance operates in a silo,” says Mat Kremke, vice president of business development for the American Osteopathic Information Association. “We want to change that.” To do so, the offerings will link all insurance lines together, offering a one-stop shop for physicians and their employees.

Member and non-member perks

Although the insurance products are for AOA members, some nonmembers can take advantage of them if they are affiliated with a member.

“If there is one member in a practice, then all other clinicians, staff, and their families in that practice will be able to access AOA insurance products,” Kremke says.

In addition to business insurance products, the marketplace will also offer employee benefit products.

“If you have a small practice, you may have previously found covering employees to be a financial strain. We can offer benefits to your entire staff, including medical, dental, vision and life, at a low cost,” Kremke says.

The new marketplace also offers a call-in number that allows members to speak to a licensed insurance professional to help determine which packages best fit their practice needs.

Find more information about the AOA Insurance Marketplace and how to get covered here. The AOA Insurance Marketplace is currently offering the following:

Business insurance products

• Property
• General Liability
• Crime
• Automobile
• Medical Malpractice/Professional Liability – Errors & Omissions
• Directors & Officers Liability
• Employment Practices Liability
• Cyber Liability
• Workers Compensation
• Income / Accident Protection
• Business Overhead
• Medical Billing & Governmental Regulatory Claims Coverage
• Disability Insurance – Employee & Physician

Employee benefit products

• Group Health
  • Primary
  • Supplemental
• Travel
• Automobile
• Home

• Dental
• Renters
• Pet Insurance
• Life Insurance
  • Basic Life Insurance (Employer paid)
  • Voluntary Life Insurance (Employee paid)
• Vision
• Voluntary Benefits
  • Accidental Death and Dismemberment
  • Hospital Indemnity

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