Med Lab Choice Frequently Asked Questions
What is Med Lab Choice?
Who is Thomco?
Who is Zurich?
What types of insurance coverage are offered through Med Lab Choice?
What are the benefits of insuring with Med Lab Choice?
What types of payment options are available with Med Lab Choice?
Is Med Lab Choice available in all states?
What types of laboratories are eligible for Med Lab Choice?
How can I contact Med Lab Choice?
What is Med Lab Choice? [top]
Med Lab Choice provides General Liability and Professional Liability for medical laboratories that are licensed by the state and certified by CLIA or an approved accreditation organization by the Healthcare Funding Administration. Our program is designed for mid-size laboratories with limited amount of Cytology/Pathology. As of 2008, Med lab Choice has recently been enhanced to include Diagnostic Imaging Services. This program is now designed to write Medical Laboratories that include
Imaging or stand-alone Imaging Laboratories.
Who is Thomco? [top]
Thomco (Thompson Insurance Enterprises, Inc.), a leading commercial insurance underwriter, was founded in 1977 and is located in Kennesaw, Georgia. Thomco specializes in 14 niche commercial insurance programs underwritten on a national basis, such as the Med Lab Choice Program. Thomco's programs typically involve a customized package of coverages and feature 24-hour access to loss control resources and support.
Who is Zurich? [top]
Zurich refers to Zurich American Insurance Company and its underwriting subsidiaries, a leading commercial property and casualty provider in the United States. Zurich is an "A" rated company*, and is a member of the worldwide Zurich Financial Services group of companies, which has been serving businesses for nearly 130 years.
What types of insurance coverages are offered through Med Lab Choice? [top]
- Specialized laboratory insurance, with General Liability coverages up to $1,000,000/$3,000,000 on occurrence basis
- Professional Liability coverages on a claims made basis, with Prior Acts Coverage available, with defense outside the limit
- Eligible laboratories include CLIA certified labs, HCFA approved labs and labs with revenues up to $40 million
- New for 2008 - Expanded coverage includes Imaging Laboratories
- Minimum premiums starting at $2,500
What are the benefits of insuring with Med Lab Choice? [top]
Thomco has a thorough knowledge of the needs of the Med Lab industry. We customize our programs to fit the needs of our insureds. We offer the highest level of customer service, with fast turnaround on policy underwriting and claims resolution as well as Risk Management Services designed to help prevent losses.
What types of payment options are available with Med Lab Choice? [top]
Med Lab Choice offers premium financing on all polices.
Is Med Lab Choice available in all states? [top]
Med Lab Choice is available in all states except Kansas
What types of laboratories are eligible for Med Lab Choice? [top]
CLIA Certified Labs
HCFA Approved Labs
Labs with Revenues up to $40 million
New for 2008 - Expanded coverage includes Imaging Laboratories
How can I contact Med Lab Choice? [top]
Call 866-416-1793 (8:00 am to 5:30 pm EST) or visit http://www.thomcoins.com.
*2007 AM Best rating