At Nevada Mutual Insurance Company, we pledge to uphold strong underwriting principles, to fight for our clients' legal rights and to assist in development of a business environment that allows doctors to practice medicine.
Consent to settle
No claim is settled without your written permission, which consent cannot be unreasonably withheld.
Discounts and payment options
We offer new doctor, part-time practice, risk management, and voluntary deductible discounts to name a few. The standard payment schedule is quarterly, but do we have other options available.
This coverage protects you from claims reported to while your policy is in effect. Standard coverage is $1million per claim/$3 million annual aggregate.
Retroactive coverage (nose)
This coverage protects you from claims reported to us while your current policy is in effect; as respects claims occurring before the current policy effective date a previous policy's coverage period.
Tail coverage protects you from claims reported after your policy has expired. If the physician has been a member of NMIC for five or more years, free tail coverage is provided upon the physician's full retirement at age 55 or older. Free tail coverage is also provided if the policyholder suffers permanent and total disability or in the event the policyholder dies.
Extended leave options
We offer discounted extended-leave options for military deployments and certain other involuntary obligations approved by the company.
Upon request we offer shared or separate limits of liability.
All policy provisions are subject to underwriting approval. This published language should not be construed as a coverage interpretation of the policy in whole or in part. Any actual coverage determination would be subject to all terms and conditions of the actual policy, endorsements, application and any actual claim.