Alternative Risk Solutions

Increasingly, very large healthcare and other business entities struggle to best address their prodigious and very complex healthcare professional liability, workers’ compensation, and other insurance needs. This is especially true when notable circumstances are in the mix—and not for conventionally written, large accounts looking for standard renewal terms.

This level of risk also may bring financing challenges, as well as unique coverage requirements. ProAssurance can provide a strong solution, typically involving a manuscript policy or contract with a premium in the millions of dollars.

Healthcare professional liability coverages include:

  • Healthcare merger and acquisition situations–helping one party or the other, or even both parties, with insurance liabilities and financing thereof.
  • Addressing the self-insured claim reserve liabilities of large provider groups, hospitals, medical facilities, etc.
  • Providing unique and specialized self-insured or deductible plans that result in matching ultimate losses with ultimate premium as closely as possible.
  • When a client decides to close, exit, or withdraw from all or part(s) of its business–effectively managing and financing the run off and/or exit costs of the claim reserve liabilities.
  • Providing more efficient securitization and/or collateralization of large deductible or Self-Insured Retention liabilities.

Workers’ compensation coverages include:

  • Merger and acquisition situations–helping either or both parties with the insurance liability and financing thereof.
  • Addressing the self-insured claim reserve liabilities of large individual insureds, affinity groups, risk retention arrangements, pools, plans, and associations of all kinds.
  • Providing unique and specialized self-insured or deductible plans that result in matching ultimate losses with the ultimate premium as closely as possible.
  • When a client decides to close, exit, or withdraw from all or part(s) of its business–effectively managing and financing the run off and/or exit costs of the claim reserve liabilities.
  • Providing more efficient securitization/collateralization of large deductible of Self-Insured Retention liabilities.

Contact ProAssurance today to learn how we can help you solve your most complex and unconventional risk valuation and financing needs.