Choose SILO customized protection.
SILO, from MLMIC Insurance Company, is an insurance program designed to provide comprehensive protection for employed physicians through cutting-edge analytics, risk mitigation, and claim services.
RISK SHARING OPTIONS – including deductibles, aggregate limits, and policy structures
SETTLEMENT AUTHORITY – for claims against physicians within the program
UNITED DEFENSE SAVINGS – through shared costs when possible
Gain valuable savings.
MLMIC provides the opportunity to take advantage of a number of discounts and savings to help reduce your premiums.
up to 50% savings
New doctor discount
up to 50% savings
Risk management discount – 5% savings when you complete a NYS-qualified Risk Management program
up to 12% savings
Claims free discount – up to 12% savings for qualified physicians and surgeons with no open or closed claims
Voluntary attending physician discount – 12% savings for qualified physicians of a MLMIC-insured hospital who participate in combined legal defense, and mandatory risk management and loss prevention programs
MLMIC Excellus Credentialed Physician Insurance Program (ECPIP) discount – 12% savings offered to qualified Excellus Health Plan, Inc., credentialed providers
Waiver of consent to settle a claim – 5% savings available to individual physican policyholders
Indemnity deductible – 1.4% reduction of the $1,000,000/$3,000,000 rate (regardless of individual limits of liability) with a $5,000 deductible for each claim
2% premium credit
Annual prepay discount – a 2% premium credit is applied for prompt payment of the full annual premium within 30 days of receipt of the invoice
Learn about excess and optional coverages.
Available at no additional cost to those who qualify, the Excess Liability Program provides an additional layer of insurance protection, over and above the required primary limits of $1.3 million each person/$3.9 million total.
Defense costs coverage
Qualifying physician policyholders may be able to purchase coverage for the costs of defending an administrative action or governmental proceedings.
Professional entity coverage
Eligible professional entities may purchase separate limits of coverage up to $1,000,000 each person/$3,000,000 total for a premium charge.
Employees of a MLMIC insured physician or surgeon may apply for a separate policy with individual limits of liability that provides coverage within the scope of employment for the physician practice.
Call (800) ASK-MLMIC or arrange a future call at a time convenient for you.