Your healthcare liability insurance program can be customized to fit your organization’s unique needs, group size, and expansion plans. ProAssurance has demonstrated expertise working with healthcare entities to create flexible solutions including branded risk purchasing groups, captives, Segregated Portfolio Companies, and more. We focus on treating you fairly.
This is a strong example of ProAssurance working with a very large healthcare organization to craft a program to that organization’s specifications. Certitude is a medical professional liability insurance program created with Ascension and underwritten by ProAssurance for physicians and related professionals affiliated with Ascension health ministries.
Integrating the importance of patient safety, the Certitude program first began insuring physicians in early 2011. More than 20 Health Ministries in 12 states are now participating, with additional health ministry involvement under development.
If you are an insuring entity, you can find additional success from pairing with ProAssurance—as is the Cooperative of American Physicians, Inc. (CAP).
Large facilities and physician groups in certain U.S. western states now can benefit from this unique risk purchasing group program. CAPAssurance is offered through CAP with the same type of coverage it has offered since 1975; it is underwritten by ProAssurance Group, rated A+ (Superior) by A.M. Best.
Whether you currently offer malpractice insurance or are interested in using a risk purchasing group format and ProAssurance’s resources, we can help. Leverage our tools, resources, and financial strength to help you create a strong program.
As a substantial capital provider to Lloyd’s of London Syndicate 1729, ProAssurance highly regards Dale Underwriting Partners’ underwriting ability for a wide array of property and casualty business.
Risks covered include large property risks and healthcare professional liability reinsurance, general liability, and workers’ compensation.
If you have reinsurance needs or a risk you’d like considered, please email Dale Underwriting Partners at Info@DaleUW.com.
Agencies may wish to start their own segregated portfolio company captive or risk purchasing group, and ProAssurance can help. An example of an agency-owned captive for which we assisted formation is that of the WMS Holdings Risk Purchasing Group (WMSH RPG), a subsidiary of the Wisconsin Medical Society’s for-profit arm. ProAssurance assists agencies not affiliated with a medical society, as well.
The Wisconsin Medical Society wanted to have more control over the insurance program it offered to its members. They were willing to take on some risk for the potential upside of sharing in good outcomes, and they are satisfied with their decision.
Ask ProAssurance to help you examine if there is potential benefit in starting a segregated portfolio company captive or starting a risk purchasing group.
Simplify your large association or franchise coverage by creating one master policy through Mid-Continent’s Master Policy Program. This program offers specialized pricing and individual limits for each member or location. Designed to protect similarly-sized risks from exposure, the program includes exclusivity for its members competing in the same class or territory.
Mid-Continent allied healthcare professional liability products are written on ProAssurance Excess and Surplus lines paper and distributed through a network of wholesale brokers.
If you are interested in creating a Master Policy Program for your association or franchise, please email Jason Esparza at JasonEsparza@ProAssurance.com.
Protect your healthcare or hospital organization from unexpected financial losses with our provider excess loss coverage, ProviderXS. This product can be tailored to fit your risk appetite through various risk-based or capitation programs.
ProAssurance collaborates with Summit Reinsurance Services (Summit Re) to offer various deductible and coinsurance options. ProviderXS caps your financial responsibility to a specific dollar amount per patient for the services covered in your risk contract.
If you are interested in minimizing your capitation risk, contact Tony Angelo at AnthonyAngelo@ProAssurance.com, or call 205.877.4470. You can also contact Kevin Wilson at KWilson@Summit-Re.com, or call 651.262.8963.
Your hospital, healthcare system, or physician group can benefit from the flexible deductible program, ProControlSM—offering you more control over claims handling and customized solutions for your healthcare professional liability needs.
ProControl can help you make the most of your entity’s variables for risk sharing in a three-tiered program, giving you more options and the potential for savings in proportion to the risk you retain.
Your large healthcare entity or system may benefit from ProAssurance Complex Medicine (ProCxM). ProCxM can help safeguard many hospital types including acute care, psychiatric, rehab and long-term acute care, children’s, etc.
Solutions range from lead umbrella, captive reinsurance, follow-form excess, and standalone tail policies to nontraditional structures like stretched aggregates, loss-sensitive placements, and manuscript policy forms.
ProCxM is offered in collaboration with Pro-Praxis, an underwriting agency specializing in the healthcare industry. Policy limits of up to a total of $35M are available, with $25M from ProAssurance and an additional $10M through Pro-Praxis.