What Are the Key Differences Between Mylo and USI Insurance Services Medical Malpractice Insurance?
Specialty Quote Shopping Versus Facility Programs
Both are brokers. Mylo tailors a policy to your medical specialty and compares quotes from several carriers. USI's Healthcare practice works with hospitals, surgery centers, dialysis clinics, senior care, staffing firms, urgent care and managed care organizations, and can use captives, risk retention groups and purchasing groups instead of a standard policy. Choose Mylo if you are a clinician buying your own cover; choose USI if you run a facility or group large enough to consider self-funding part of the risk. [3] [6]
Plain-Language Policy Choices Versus Loss-History Analysis
Mylo explains the choice you'll face: claims-made cover responds only if the policy is active at both treatment and suit, occurrence cover responds to treatment during the policy period, and tail extends a claims-made policy's reporting window. USI instead sells analysis; it says reviewing 26 years of a 220-physician group's losses produced about $350,000 in negotiated savings and a funding change projected to cut close to $1,000,000 in premium. [3] [6]
Cyber as an Add-On Versus One Healthcare Program
Mylo warns that malpractice alone won't pay for a ransomware attack and can add cyber for patient notification, credit monitoring and regulatory fines. USI places malpractice alongside general liability, D&O, property, workers' comp, EPL, cyber and HIPAA, billing-regulatory cover and bonds. [3] [6]