New OMIC Professional Liability Policy Form
OMIC has updated several provisions of its professional and limited
office premises liability policy effective January 1, 2012. Some of
the changes were necessary for compliance with applicable state and
federal laws. Others reflect OMIC's current underwriting guidelines
on several issues such as medical spas and ROP. OMIC further
enhanced its broad regulatory protection and added eMD™ cyber
liability coverage as an additional benefit. Any benefits added to
the policy take effect as of January 1, 2012. Any changes that may
restrict coverage do not take effect until your 2012 policy renewal
date.
For a list of the 2012 policy changes, click
here.
To view and
download a copy of the 2012 policy booklet, click
here.
The
January 1, 2010, policy booklet applies to policies effective
January 1, 2010, or later and not yet renewed in 2012. To view and
download a copy of the 2010 policy booklet, click
here.
Revised HIPAA/HITECH Business Associate Agreement
OMIC has revised its OMIC-Insured Business Associate Agreement to comply with the HITECH (Health Information Technology for Economic and Clinical Health) Act. The HITECH Act, part of the American Recovery and Reinvestment Act of 2009, requires Business Associate Agreements to be updated by February 17, 2010, to reflect the changes the Act made to the HIPAA Privacy and Security Rules already in place.
The HIPAA Privacy Rule, which took effect April 2003, required Covered Entities (most OMIC insureds) to enter into Agreements with their Business Associates (of which OMIC is one) that specified how protected health information (PHI) was to be used and disclosed by the Business Associate. At that time, OMIC gave each of its insureds a Business Associate Agreement that complied with the HIPAA regulations. Several years later, OMIC updated its Business Associate Agreement to comply with the HIPAA Security Rule by its deadline of April 21, 2005. The Security Rule outlined the administrative, physical, and technical safeguards Covered Entities and Business Associates must use to protect patient health information that is maintained or transmitted in electronic form.
The HITECH Act has made several additions and changes to the HIPAA Privacy and Security Rules. For example, the Act defines unsecured protected health information, and requires Business Associates to notify Covered Entities (and Covered Entities to notify affected individuals) when there is a breach of this unsecured PHI; it requires the granting of requests by individuals to limit the disclosure of their PHI in certain situations; it changes the requirements for the accounting of disclosures when electronic health records are used; and it sets new limitations on marketing uses and sale of PHI.
In order to assist our insureds, and so that OMIC need only maintain one agreement with all of its insureds, OMIC has updated the Business Associate Agreement it maintains between itself and all of its insureds to comply with the HITECH Act. Click here to download a copy of the revised Agreement.
UPDATE/PROVIDE YOUR E-MAIL ADDRESS
In an effort to expand the use of electronic mail for more cost-efficient and timely policyholder communications, OMIC is collecting email addresses for all member-insureds. Like other contact information, email addresses will be kept strictly confidential and used solely for OMIC business purposes.
To update/provide your email, you must know your RISK NUMBER. Your risk number is on the declarations page and consists of two letters followed by five numbers e.g. CT4567. It is not your policy number which begins with OMC e.g. OMC0001234. If you cannot find your RISK NUMBER please e-mail your name to underwriting@omic.com.
If you know your RISK NUMBER and want to update/provide your e-mail, please click here.
