Latitude Advantage MD(TM) newest MINT Canadian Specialty offering
TORONTO, March 12 /CNW/ - Physicians and surgeons who are uncertain of
their protection against legal action when treating non-Canadian patients in
this country now have a unique, new insurance option. Latitude Advantage
MD(TM) is now available to doctors across Canada.
Latitude Advantage MD(TM), developed by MINT Canadian Specialty provides
an insurance cover for physicians who may face legal action resulting from the
care they provide to non-Canadian patients in Canada for short periods of
time. Many physicians chose not to treat these patients on a proactive basis
due to the potential liability. Further, Latitude Advantage MD(TM) responds to
legal action whether it is brought in US or Canadian courts.
The policy offers options that include per claim limits of up to
$1-million. The per policy aggregate is $3-million. The lowest available
deductible is $1000 per claim.
"We saw that physicians found themselves facing a real issue about
coverage for liabilities if they chose to treat these patients," says Barrett
Hubbard, Managing Director, MINT Canadian Specialty. "In many cases this has
prevented some physicians from providing valuable services to non-residents
that was a source of revenue for them, an economic advantage to Canada and
businesses such as the professional sports industry in this country."
Latitude Advantage MD also comes with US claims expertise accessing MINT
Canadian Specialty's sister company, Shand Morahan. As a top 10 writer of US
medical malpractice coverage, MINT Canadian Specialty clients will benefit
from more than 25 years experience underwriting health care coverages in
difficult US jurisdictions. Claims in Canada will be handled by the world's
largest independent claims firm, Crawford Canada.
While available at rates affordable to almost any physician, medical
services most affected include dermatology, cosmetic and plastic surgery as
well as orthopaedic and sports medicine specialties. Latitude Advantage MD(TM)
is available to physicians through broker partners of MINT Canadian Specialty.
MINT Canadian Specialty Underwriters is a specialty underwriting
organization writing business through Lloyd's of London, the world's leading
insurance market. Based in Toronto, MINT Canadian Specialty Underwriters is a
subsidiary of Markel International Limited and is committed to providing
insurance solutions to a wide variety of risks. Its specialized product
portfolio includes products liability, errors and omissions, specified medical
professional/allied healthcare and outbreak extra expense coverage.
Markel International Limited is a specialty property and casualty insurer
based in London and comprising the international operations of Markel
Corporation. It has five operating divisions writing business either through
their Lloyd's of London syndicate or through Markel International Insurance
Company Limited. In 2006 Markel International wrote gross premiums of
$729 million. Markel Corporation is a US listed business, capitalized at
around $5 billion, which in 2006 wrote gross premiums of $2.5 billion.
For further information:
For further information: Sandra Cruickshanks, Thornley Fallis
Communications, (416) 515-7517 ext 248, firstname.lastname@example.org