At TMLT, we understand that purchasing medical liability insurance can be a substantial expense for physicians. So, we offer several ways for physicians to reduce their premiums.
Risk management discounts
Risk management discounts are available to TMLT policyholders who participate in our programs. For new policyholders, practice review and CME discounts can be applied retroactively to the inception of the policy if they are completed within the first 120 days of the policy's effective date.
CME seminars
TMLT policyholders who complete a 3-hour risk management CME activity may be eligible for a 3% premium discount
(up to $1,000 per course) that will be applied to their next eligible policy period. Two courses can be
taken per year. We offer online CME, Case Closed home-study programs, and CME in the November-December issue of our publication, the Reporter. You can also attend one of our scheduled seminars or a seminar that we co-sponsor with the Texas Medical Association.
On-site risk management practice review
Physicians who complete a practice review are eligible for a 5% premium discount after review recommendations are met. This discount continues through the expiration of the current policy plus an additional two full policy periods.
The practice review is designed to assist you and your staff in determining your risk exposures. A risk management professional will visit your office to:
- evaluate medical record documentation;
- review practice policies and procedures;
- tour the facility to evaluate patient safety processes; and
- provide follow up with a confidential, written summary.
Practice reviews are free to all policyholders and can be completed without disrupting patient appointments.
If you have electronic medical records (EMR), talk to your risk management professional regarding eligibility for additional discounts.
Request a practice review
Experience discounts
We offer automatic premium discounts to policyholders with favorable claim experience. The discounts range from 3% to 20%, relative to the numbers of years you have been a TMLT policyholder.
Physicians applying for coverage with TMLT can qualify for a 5% discount at the time of application with documentation of 5 years of claim-free experience.
Part-time discounts
Physicians who work less than 30 hours per week are eligible for part-time discounts of up to 25% for non-surgical specialties and 15% for surgical specialties.
