What Are the Key Differences Between Heffernan Insurance Brokers and Mylo Medical Malpractice Insurance?
Facilities and Groups Versus Individual Practitioners
Heffernan's healthcare team works with physician groups, clinics, hospitals, patient transport companies, laboratories, home care and senior living. Mylo compares quotes from multiple carriers and tailors the policy to your medical specialty. Choose Heffernan if you run a facility or multi-provider organization; choose Mylo if you are buying for your own practice and want to compare carriers. [2] [4]
Claims-Made and Tail Explained Up Front
Mylo offers both claims-made and occurrence policies and explains the difference, plus optional tail coverage that lets you report claims after a claims-made policy ends. That matters when you change jobs or retire. Heffernan's page doesn't address policy trigger, tail or limits, so you'll need to raise them yourself. [4] [2]
Bundled Program or Add-On Cyber
Heffernan packages malpractice with workers' compensation, professional liability and cyber in one client program, and can structure it as a captive or self-insured plan. Mylo says malpractice alone does not cover ransomware and sells cyber as a separate add-on for network rebuilding, patient notification, credit monitoring, crisis management and regulatory fines. [2] [4]
What Should You Confirm in Heffernan Insurance Brokers and Mylo Medical Malpractice Insurance Quotes?
- Ask Mylo whether each quote is claims-made or occurrence and what tail costs. [4]
- Ask Heffernan whether your program is fully insured, a captive or self-insured, and who holds the risk in each case. [2]
- Ask both for the issuing insurer and limits; neither publishes them. [2] [4]
- Check that Mylo's quote covers the allegations it lists, such as failure to diagnose and wrong dosage, for your specialty. [4]