NORCAL Group Revenue and Competitors

NORCAL provides exclusive PAD Coverage at no additional charge. Under this coverage NORCAL will reimburse a qualified insured for attorney's fees and costs incurred in the defense of an administrative proceeding such as those related to medical licensure, clinical privileges, medical staff membership, and employment-related civil actions. In addition, NORCAL will reimburse a qualified insured for reasonable expenses and earnings lost if they are required to attend any hearings related to such an administrative proceeding or employment-related civil action. The coverage is automatically provided to the Named Insured, endorsed physicians and employed licensed health care professionals insured under the policy. Will NORCAL settle a claim without my consent? NORCAL will not settle any professional liability claim against a physician without his or her written consent. 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 active during the period of suspension. In addition, NORCAL can suspend the policy of a physician who is called to active duty in the United States Armed Forces. In addition to some other conditions, the physician is not permitted to provide professional health care services unrelated to his or her military duties. In contrast to a suspension of coverage for other reasons, a physician approved for military leave will not be subject to the minimum and maximum time periods mentioned above and the premium will be waived during the period of suspension. Regardless of the reason for the suspension, no coverage is provided to the physician for claims that arise from incidents or occurrences that happened while the policy was on suspension.