Medicus Insurance, a medical professional liability insurance (MPLI) carrier, has introduced a new electronic ACH payment service for its insureds.

The company said the new electronic payment allows physicians to pay insurance premiums automatically through ACH debit from their bank accounts.

Medicus Insurance CFO Mark Johnson said we listened to the insureds and now offer them easy, automated payments equally distributed over 12 months. This allows for simplified financial planning.

Medicus also offers two other payment options as well – the option to make four quarterly payments, or one annual payment.