Claims Made/Occurrence Policy Overview

Understanding the Difference

We strive to help you make informed decisions that keep you in control. Understanding the difference between a claims-made and an occurrence policy is just one of the ways we succeed.

Two Choices
Claims-made and occurrence policies are the two primary forms of professional liability insurance on the market today. Both policy forms provide appropriate, quality protection against allegations of malpractice.

To learn more about the differences in Medical Professional Coverages please click here to access an explanation prepared by ProAssurance.

At Your Service

Shopping for professional liability insurance can be a little overwhelming—so many important details to understand and coverages to consider. If you would like to discuss which type of policy best suits your needs, please contact your authorized agent at 866-442-3810 or through our online contact form for more information about claims-made and occurrence policies.

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Injured Patients and Families Compensation Fund (IPFCF)

The Patients Compensation Fund (IPFCF) was established in 1975 by Wis Stat 655 to provide excess professional medical liability insurance coverage above primary insurance requirements for Wisconsin healthcare providers. The fund provides professional liability occurrence coverage for healthcare providers permanently practicing in Wisconsin. The PCF currently pays that portion of medical professional liability claims in excess of $1,000,000 for each occurrence and $3,000,000 for all occurrences in any one policy year.

Chapter 655 sets forth the obligations and benefits that apply to healthcare providers defined in the law. Defined healthcare providers must participate in the fund and pay fund assessments. The personal liability of a healthcare provider who complies with the requirements of this statute for acts of malpractice is limited to the mandatory insurance limits required by law. The IPFCF pays damages in excess of $1,000,000/$3,000,000 and in accordance with Chapter 655 provisions.

For more information, visit http://oci.wi.gov/pcf.htm or contact us through our online contact form. For information about the current lawsuit to restore the IPFCF, click here.

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Who is ProAssurance?

Who is ProAssurance? The Wisconsin Medical Society initiated the formation of PIC WISCONSIN—now ProAssurance—more than two decades ago in an effort to improve the availability of insurance and to stabilize premium costs. Today, thousands of Wisconsin healthcare professionals and facilities benefit from the visionary efforts of the company’s founding Directors. A dedication to treating you fairly continues to provide strength and security to ProAssurance policyholders.

ProAssurance is a leading writer of professional liability insurance in the U.S. They understand the unprecedented regulatory, business, and legal pressures you face. You can count on ProAssurance to help you manage uncertainties and increase the control you experience by providing fair, responsible rates, effective communication, risk management resources, and respect for your input and priorities. ProAssurance continues to stand by the mission established by the Wisconsin Medical Society over 20 years ago: to provide our doctors with the best protection and service in the industry.

For more information about ProAssurance and our Member Benefit Plan, please contact the Wisconsin Medical Society Insurance and Financial Services at 866.442.3810, or use our online contact form.

Table of Contents

• Claims Made/Occurrence Policy Overview
• Injured Patients and Families Compensation Fund (IPFCF)
• Who is ProAssurance?

To request more information please use our online contact form or call us at 866.442.3810.

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