Radiology and medical imaging centers face a unique set of risks, with failure to diagnose and misdiagnosis being the most common sources of claims. According to the American Medical Association, nearly half of all medical imaging centers will face a lawsuit, and nearly a third will be sued more than once. Ultra Risk Advisors understands these challenges and offers a specialized Medical Imaging Insurance Program designed to meet the complex coverage needs of radiology groups and imaging centers.
Ideal Accounts and Appetite
This program is tailored for outpatient imaging centers, radiology groups, and teleradiology providers. Whether you're looking to place a standalone diagnostic imaging facility or a multi-location radiology group, this program is built to support a range of imaging practices, including MRI, CT, ultrasound, mammography, and more. It can accommodate both independent practices and those affiliated with larger healthcare systems.
Coverage Highlights and Advantages
The Ultra Medical Imaging Program includes a range of features designed to protect against the most common exposures in the imaging sector:
- Options for physicians, including Rolling IBNR (Incurred But Not Reported) coverage
- Medicare billing Errors & Omissions coverage
- Consent to Settle clause with no hammer provision
- Up to 50% premium discounts available for qualifying facilities
These features help protect your clients from the financial impact of diagnostic errors, billing disputes, and settlement issues—common pitfalls in the imaging sector.
Underwriting Notes and Minimum Premiums
Minimum premiums vary depending on the size and scope of the imaging operation. Ultra Risk Advisors works with various carriers to provide flexible options tailored to each account. Submissions should include detailed operational information, claim history, and risk management protocols to expedite underwriting review.
Territories and Availability
This program is available in most states, including but not limited to CA, FL, NY, TX, and WA. For a full list of eligible states, refer to the storefront or contact Ultra Risk Advisors directly. Coverage is admitted in most states, providing agents with a streamlined path to place business with confidence.
Why Work With Ultra Risk Advisors?
Ultra Risk Advisors is a Managing General Agency with deep expertise in healthcare-related risks. Their focused approach to radiology and imaging allows them to offer market access and underwriting insight that many generalist MGAs cannot. Whether you're placing a new imaging center or helping an existing client renew with enhanced protection, Ultra Risk Advisors brings the tools and experience needed to close the deal.
You might have a client launching an independent outpatient imaging facility or a multi-specialty radiology group looking to consolidate coverage across locations—this program can help you deliver a custom-fit solution backed by knowledgeable underwriters and competitive carriers.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Outpatient imaging centers, radiology groups, and teleradiology providers involved in diagnostic services like MRI, CT, ultrasound, and mammography are ideal candidates.
Is this program available in all states?
The program is available in most U.S. states, including CA, TX, FL, NY, and WA. Contact Ultra Risk Advisors to confirm availability in your state.
What coverage features make this program stand out?
Key features include Rolling IBNR options, Medicare billing E&O, Consent to Settle with no hammer clause, and potential premium discounts of up to 50% for qualifying facilities.
Does the program offer admitted coverage?
Yes, coverage is admitted in most available states, simplifying the placement process for agents and brokers.
What underwriting information is needed for a submission?
Submissions should include operational details, claims history, provider credentials, and risk management practices to ensure a complete review.
Need help placing an account? Connect with a market specialist.