SOURCE: Sallop Insurance Agency

Sallop Insurance Agency

March 02, 2011 11:29 ET

The Sallop Insurance Agency Announces Specially Designed Liability Coverage for Assisted Reproductive Technology Industry

BOSTON, MA--(Marketwire - March 2, 2011) - The Sallop Insurance Agency, Inc., partnering with Allied World Assurance Company, announced today an insurance program designed specifically to meet the needs of Assisted Reproductive Technology (ART) practices, laboratories and their physicians.

Sallop has formalized an exclusive agreement with MedTech For Solutions, Inc. (MedTech), a New York-based company that offers specialty purchasing, laboratory and business services to ART practices, to offer the program through MedTech's Group Purchasing Organization (GPO) which represents more than 150 ART member practices

"Sallop, Allied World and MedTech are excited to be able to offer an outstanding insurance program designed to satisfy the unique needs of the reproductive industry and its physicians at a rate structure that accurately reflects their more favorable loss ratios," stated Sallop Vice President, Gina Matarazzo.

The MedTech GPO enables practices to recognize significant savings on all medical, pharmacy, laboratory, capital equipment and office purchasing needs. MedTech's CEO, Dwight Ryan, said, "MedTech is dedicated to creating solutions to satisfy the needs of our GPO member practices at significant savings. This partnership with Sallop and Allied World both satisfies that objective and fills a tremendous need in the ART field for professional liability insurance coverage designed specifically for their needs and priced to reflect their more favorable loss ratios."

Historically, insurance carriers have classified reproductive medicine with OB/GYN practices. The program recognizes that ART facilities are not properly within the OB/GYN practice construct and enjoy a unique clinical and technological profile. The new Program's coverage and rates, developed specifically for reproductive medicine practices, fit ART practitioners' unique needs and reflect the specialty's low loss history with significant premium savings.

About Sallop Insurance Agency

For more than 50 years, Sallop Insurance Agency has been developing a sub-specialty of risk mitigation and underwriting expertise. Through education and attention to the changing political and legal environment of many complex industries, Sallop has influenced insurance practices in the healthcare and real estate industries. This industry focus has culminated in Sallop's ability to provide the comprehensive coverage, pricing, terms, and conditions in the marketplace today. For more information visit www.sallop.com or contact Gina M. Matarazzo directly at 617-488-6612.

About Allied World Assurance Company

Allied World Assurance Company Holdings, AG, through its subsidiaries, is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions, offering superior client service through a global network of branches and affiliates. Their insurance and reinsurance subsidiaries are rated A (Excellent) by A.M. Best Company, and their Lloyd's Syndicate 2232 is rated A+ (Strong) by Standard & Poor's and Fitch. Visit www.awac.com for further information on Allied World.

About MedTech For Solutions, Inc.

MedTech For Solutions offers a full range of services to specialty medical practices, with emphasis on ART practices and laboratories. The MedTech For Solutions Group Purchasing Organization (GPO) provides practices significant savings for all medical, pharmacy, laboratory, capital equipment and office purchasing needs. There is no cost to join the GPO. MedTech's Laboratory Solutions consulting division is dedicated to working with practices in the building of new laboratories and the improvement of clinical outcomes of existing facilities by establishing and implementing state-of-the-art embryology practices and optimizing ART laboratories operations. Additionally, MedTech offers practice development, recruitment and risk management services. For more information visit www.medtech4solutions.com.

Contact Information

  • Contact:
    Gina M. Matarazzo
    Sallop Insurance Agency
    25 New Chardon Street
    Boston, MA 02114
    Phone: 617-488-6612
    www.sallop.com