ProAssurance

Your Captive Solution: Inova®

As healthcare evolves, so do the challenges that come with treating patients effectively and safely—and protecting your healthcare professionals or large entity with coverage that’s right for your unique situation. Consider Inova to form a healthcare professional liability insurance program with a single-source alternative for complex, dynamic, and expensive risks.

inovaInova provides a smart alternative to traditional insurance for large entities, agencies, or associations. As an established Segregated Portfolio Company (SPC), Inova offers a naturally secure, stable insurance environment.

You may be eligible for the Inova program if you are a large corporation that meets the following criteria:

  • Your company premiums exceed $1 million and you have an excellent claims history
  • You seek an alternative insurance solution for complex healthcare professional liability and/or workers’ compensation risks
  • You want greater program control and are willing to share some risk

Inova’s alternative insurance solution—commonly referred to as captives, or “protected cells”—is part of an SPC structure. Assets and liabilities reside securely within your own cell, providing you with better control over insurance costs and outcomes.

Inova’s turnkey approach makes it easy to create, participate, and benefit from your own program:

  • Fully bundled offering: Inova is vertically integrated, providing experts in program formation, risk management, and claims administration with specialty carriers. 
  • Strategic partnerships: Inova has structured, solid partnerships with globally respected Lloyd’s of London reinsurance partners, as well as highly respected financial, investment, and audit firms.
  • Alternative insurance expertise: Inova’s Eastern Re was the first SPC to be authorized by the Cayman Islands Monetary Authority. It also was the first SPC to be assigned a financial strength rating by A.M. Best Company.

You can be confident knowing that Inova’s SPC structure can protect your business from the fluctuations of traditional insurance pricing cycles—providing you with greater peace of mind. 

Inova

If you have a question about Inova alternative insurance, please contact Kevin Shook at 717.735.1660 or email kshook@eains.com.

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