The Office of General Counsel issued the following opinion on March 13, 2007, representing the position of the New York State Insurance Department.
Re: Malpractice Insurance
The Department was asked what type of insurance a corporation should purchase to indemnify its physicians, and how much coverage it should obtain.
The Department of Insurance cannot advise as to what type of insurance a business should purchase. It was suggested to the inquirer that he may wish to consult a reputable and trustworthy insurance agent or broker who could assist him in deciding upon an appropriate form of coverage that best suits the needs of the business.
For further information you may contact Principal Attorney Paul A. Zuckerman at the New York City Office.