Protect your practice from financial risk with the right business insurance. Founded in 1993 as a wholly owned subsidiary of the Massachusetts Medical Society (MMS), Physicians Insurance Agency of Massachusetts (PIAM) was established to deliver competitively
priced medical malpractice coverage and a full suite of commercial insurance solutions. In 2025, PIAM launched Actuate Insurance, an independent insurance
brokerage offering a more strategic, forward-thinking, and data-driven approach designed to better meet the needs of today’s physicians and health care organizations.
Actuate Insurance partners with a trusted network of medical malpractice carriers to offer comprehensive coverage options tailored to your needs — including occurrence, claims-made, modified claims-made, and moonlighting policies.
- Billing Errors & Omissions – This coverage helps safeguard against claims involving duplicate billing, charges for services not rendered or deemed unnecessary, upcoding, billing that falls below the standard of care, and billing for resident supervision.
- Cyber Liability/Data Breach – This coverage helps address incidents such as privacy breaches, HIPAA violations, and other cybersecurity issues. While many physicians and practices may already carry limited protection — typically between $50,000 and
$100,000 per incident — standalone policies are available for more robust coverage. Some plans also include added protection for Medicare/Medicaid and private payer audits, as well as related regulatory actions.
- Employment Practices Liability – Claims of wrongful termination, discrimination, harassment, and similar workplace issues are becoming more common — and can pose a serious financial threat to your practice. EPLI offers essential protection at an affordable
cost, helping safeguard your practice’s future in the face of these growing risks.
The Business Owners Policy (BOP) offers comprehensive protection for your business property, covering a wide range of potential losses, along with crucial business liability coverage.
Required by law, Workers' Compensation Insurance safeguards you and your employees in the event of a workplace injury.
Providing quality health and dental coverage can be challenging for practice managers. Actuate Insurance offers up-to-date information and a variety of options to help you find the right plan for your team.
Without a solid life and disability coverage, illness, injury, or an untimely death can severely impact your family. Actuate Insurance provides cost-effective life and disability programs specifically tailored to physicians, ensuring optimal protection
for you and your loved ones.
