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Surety Bonds Suppliers of Durable Medical Equipment, Prosthetics, Orthotics and Supplies for the Medicare Program DMEPOS Application Click below to download:
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See How Members Save:
A member saved on Business Owners Package insurance through the association-sponsored plan, effective 7/16/09. His premium was $9,196. The prior carrier was Zurich with a renewal premium of $21,350. Member savings: $12,154 (over 56%!) |
If you have any questions regarding the sponsored insurance programs please contact a Marsh Client Service Representative at (888) 926-CPhA or e-mail us at CPhA.Insurance@marsh.com.
This web page is for illustrative purposes only, and is not a contract. It is intended to provide a general overview of the services described. Remember that only the policy can provide the actual description of services, terms, conditions and exclusions.
In Northern California:
Sam Baxter
1-408-981-6029
In Southern California
George King
1-213-346-5388
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Fax: 1-213-346-5946
• Business Owners Package
• Professional Liability
• Employment Practices Liability
• Long Term Disability
• Medical, including High Deductible Health Plans
• Term Life
• Group Universal Life
• Long Term Care
• Catastrophe Major Medical
• Auto & Homeowners
• Accidental Death & Dismemberment
• Surety Bonds
This year’s dividend represents another landslide victory for CPhA members! Based on their superior loss experience, eligible members who participated in the CPhA sponsored Workers’ Compensation Program were voted a dividend equaling 6.5% of the premiums they paid for the December 2006 – December 2007 policy year by the American Automobile Insurance Company, one of the Fireman’s Fund® Insurance Companies. They are part of the select group of members to receive over $3,000,000 in surplus premiums returned over the past four policy years!** And they have done this by joining other pharmacy members in purchasing workers' compensation insurance through the CPhA sponsored program.
Dividend Eligiblity Continues**!
Remember! The dividend calculation takes place every policy year. As long as you remain a member enrolled in the program for the entire policy period, and do not owe Fireman's Fund premium for any outstanding audits, you may be eligible for any potential dividend that is declared for that year. This serves to reduce your net premium even further.
Low Minimum Premium of $750!*
Workers’ Compensation protection is required by California state law. It provides benefits to employees due to a job-related injury or illness, for which the employer may otherwise be liable.
CPhA's program is written on a dividend eligible basis. If there is favorable program experience over time, members might share in profits earned by the insurer on policies issued in the CPhA program by way of dividends.**
Special services include access to the iCustomer Series™ portal on the internet, designed exclusively for pharmacists. You'll find specialized products and services such as loss prevention tools, online claims filing, listings of current medical providers, and industry news.
* Rate and minimum premium subject to change on program anniversary.
**Payment of future dividends cannot be promised or guaranteed. Past dividend performance is no guarantee of an insurer's future dividend performance.
Underwritten by: Fireman's Fund Insurance Company (rated "A" by A.M. Best and Company)
Transparency & Disclosure
Fireman’s Fund enhanced its policy for CPhA members in two ways. The first important way was to recognize the changing scope of the practice of pharmacy. They did this by defining Pharmacy Services as the art, practice, or profession of preparing, preserving, compounding, dispensing, administering, and consulting upon medicines, medical drugs, supplies, equipment or devices used in the treatment of medical disorders and maladies rendered by the insured in the capacity of a pharmacy or pharmacist.
Secondly, Fireman’s Fund also enhanced their policy to provide professional liability protection to your employed pharmacists. While your policy likely affords protection to you as the pharmacy owner for the acts or omissions of your employees, does it protect your employees for their own acts or omissions? More importantly, do they believe they have protection under your policy? No need to worry with Fireman’s Fund. Licensed employed pharmacists are protected.
The Package Program provides property, liability, commercial auto and umbrella coverage. It also includes protection specifically designed for Pharmacies, such as:
- General Liability Coverage – helps protect you from losses caused by bodily injury or destruction of property suffered by customers on your premises.
- Business Income and Extra Expense Coverage – protects against loss of income from business interruption for up to 12 months, and pays the cost of necessary extra expenses to help keep you in business.
- Professional Liability – protects against losses related to your professional services as a pharmacist.
- Money and Securities Coverage – protects against loss of currency and other negotiable instruments on and off your premises, as well as loss due to counterfeit money and bad checks.
Transparency & Disclosure
The CPhA Professional Liability program is specifically tailored to fit the diverse needs of pharmacists. And it covers you 24 hours a day, not just when you are at your normal place of employment.
As a pharmacist, this policy protects you in the event of an error or omission in the practice of pharmacy for all procedures approved by the California Board of Pharmacy as long as you have received the proper training and/or certification required and you are acting within the scope of practice.
Transparency & Disclosure
Employment related suits usually involve one or more of the following: discrimination, sexual harassment, or wrongful termination. The purpose of the CPhA program is to provide members with the needed tools to manage risk properly and the protection generally missing from other insurance policies.
Risk Management
- Web based training for members, office managers and employees to help minimize exposure to employment practices lawsuits
- Access to a legal information hotline staffed by employment practices attorneys
- Review of employee handbooks and employment applications
Insurance
- Choice of policy limits of $250,000, $500,000 or $1,000,000
- Low minimum premium of $750 ($1,000 in LA County)
- Low per claim retention of $2,500 ($5,000 in LA County)
- Provides for defense costs and losses an insured becomes legally obligated to pay as a result of a covered claim.
- 60 day extended reporting endorsement included
This insurance plan is underwritten by: The United States Life Insurance Company in the City of New York, NAIC#70106, domiciled in New York State with a principal place of business at 70 Pine Street, New York, NY 10270, licensed in all states, plus DC, except not PR.
Transparency & Disclosure
Access to individual and small group health plans for members, their families and employees.
Blue Cross, Health Net, Aetna, Blue Shield and Kaiser Plans – For Individuals and small groups
You have a choice of health care programs for you, your family and your employees. Choose among individual and small group PPO and HMO plans including qualified High Deductible Health Plans which enable you to open a Health Savings Account.
With a Health Savings Account in 2009, you may:
- Deposit up to $3,000 if you are covered as an individual or up to $5,950 if you have family coverage, and deduct the amount from your federal income taxes
- Withdraw funds on a federally tax free basis for qualified medical, dental and vision expenses
- Rollover unused funds from year to year
- Take credit for the full year deposit regardless of when during the year you open your HSA
- Interests accrues on a federally tax free basis
- Use your savings from a qualified high deductible health plan to help fund the account
(Marsh and CPhA do not provide tax advice. Please consult with your personal advisors.)
You may apply for up to $500,000 of benefits at competitive group premiums. Your spouse and employees are eligible for up to $500,000. Plan features include coverage for children.
Members under age 60 may apply. At age 65, benefits reduce by 50% to a maximum of $250,000.
NEW! A Guaranteed Purchase Option which allows for future purchases without additional underwriting, and a Critical Illness Benefit Option which provides a $25,000 lump sum benefit if positively diagnosed with a critical illness (cancer, heart attack or stroke).
This program may vary and is not available in all states. This program is currently not available to residents of California and New York.
Underwritten by: Hartford Life and Accident Insurance Company
The Hartford® is The Hartford Financial Services Group, Inc. and its subsidiaries, including issuing company of Hartford Life and Accident Insurance Company.
- At death, the face amount plus accrued cash values are paid
- No administrative fees or surrender charges
- You may skip payments to the cash account
For More Information, or to Enroll:
Go to www.MetLife.com/MyBenefits. Enter "CPhA" when prompted for your Company Name.
Call 1-800-301-3688 if you have questions, or to request enrollment materials be sent to you.
Underwritten by: Metropolitan Life Insurance Company (rated "A+" by A.M. Best and Company)
Transparency & Disclosure
Up to $10,000 per month available.
Members receive a 5% premium discount through MetLife and John Hancock. Special plans (Carve-Outs) may be written to cover only physicians in a practice.
Long Term Care benefits are payable upon the loss of two of the six Activities of Daily Living (ADLs) or cognitive impairment.
There is an additional premium discount if both you and your spouse purchase coverage at the same time. Applicants in good health may receive further discounts.
Covers losses resulting from Parkinson's disease, senile dementia and Alzheimer's disease. Members, spouses, parents (in-law) and grandparents (in-law) are eligible to apply..
We can arrange to have a Long Term Care specialist meet with you to discuss your needs, or download the quote request form and fax it to 213-346-5946 for more information.
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Webinar Replay Now Online: “Long Term Planning in a Recessionary Environment” Until recently, many investors were planning to use their retirement assets to self insure the cost of long term care. With recent economic turmoil, those plans may need to be revisited. To see if your long term care strategy still makes sense, or if you need to start thinking about one, you will find this webinar helpful. |
Highlights Include:
- $25,000 Deductible (all cause)
- 3 year Accumulation Period
- Benefit Period of 5 Years
- Maximum Benefit of $2,000,000 (per Benefit Period, per person)
- Convalescent Home Benefit of $500 per week (up to 3 years)
This insurance plan is underwritten by: The United States Life Insurance Company in the City of New York, NAIC#70106, domiciled in New York State with a principal place of business at 70 Pine Street, New York, NY 10270, licensed in all states, plus DC, except not PR.
Highlights of the Group Savings Plus Program
- Covers automobiles, homes, personal articles, personal umbrella policies, valuable possessions, seasonal dwellings and recreation vehicles.
- 24-hour roadside assistance* and round-the-clock claims service
- Enroll over the phone or visit a local office.
- Contractor Network Referral Program
For an on-line quote, please go to Liberty Mutual's Quote Page at www.libertymutual.com/lm/cpha. Or call Liberty Mutual at 1-888-380-9097.
*Service applies to auto policyholders and is provided by Cross Country Motor Club of Boston, Inc., Boston, MA or through Cross County Motor Club of California Inc., Boston, MA.
Underwritten by: Liberty Mutual (rated "A" by A.M. Best and Company)
This program covers you 24-hours a day, 365 days a year and pays regardless of any insurance you may have. Benefit amounts are available from $50,000 to $750,000.
Highlights Include:
- Loss of Use Benefit – 1% of Principal Sum Per Month
- Seat Belt Benefit – up to $10,000
- Spouse Retraining Benefit
- Private Pilots Coverage (20% of Face Amount to $250,000)
- Hospital Benefit
Underwritten by: Unum Life Insurance Company of America (rated "A-" by A.M. Best and Company)
DMEPOS Application
Marsh and RLI Insurance Company (rated A+ by AM Best) understand your business and the impact of the recently enacted Medicare legislation. Whether you have one location or one hundred, we can help. Marsh and RLI have created a streamlined bond facility that will allow you to obtain the required DME bond quickly and cost-effectively. We promise to provide:
- Simple application process
- Prompt bond issuance
- Lowest rate available
Click below to download and application and get started, or for help with questions call 213-346-5138.
Call Marsh at (888) 926-CPhA or e-mail us at CPhA.Insurance@marsh.com
To receive information on the sponsored programs complete an Interest Form.
Home | Interest Form | CPhA Website
Page last updated 12/4/2009
©Seabury & Smith Insurance Program Management 2009
d/b/a in CA Seabury & Smith Insurance Program Management
CA Ins. Lic. #0633005
