Even with a robust risk management program, no health care organization is immune to medical malpractice lawsuits. As a significant expenditure, health care organizations must continually address the scope and adequacy of their medical professional liability insurance. Risk Strategies’ industry experts thoroughly review your risk profile and then structure a professional liability program that addresses your unique needs.
As a specialty broker and consultant, Risk Strategies understands health care organizations’ need for broad coverage against a variety of risks. From ensuring business continuity by protecting your board of directors and senior management, to minimizing exposure to losses related to managed care, health care reform and other regulatory challenges, Risk Strategies custom builds your coverage to meet your unique needs.
While data privacy and security are important in every industry and to every organization, health care entities shoulder added compliancy burdens with some of the most stringent regulations in place today. The Risk Strategies Cyber Risk Practice can help you prepare for, deal with and quickly recover from any cyber incident.
A health care entity’s property and casualty insurance should provide comprehensive coverage for both its physical assets and its workforce, but that can still leave gaps in coverage. From package policies perfect for small and mid-sized organizations to specialty liability coverage—environmental to government billing errors & omissions—Risk Strategies has decades of health care-specific experience to assess and meet all your needs.
An effective alternative risk financing program, combined with a proper risk transfer structure, is crucial to managing your total cost of risk. The Risk Strategies health care team has dedicated expertise working with a variety of self-insurance vehicles, including both on- and offshore captives, risk retention groups (RRG), and self-insured trusts.
From providing a financial analysis of your coverage to our Service Standards assurance, our dedicated health care team works tirelessly on your behalf. In addition to best-in-class coverage, we offer value-added services including claims and risk controls, ERM programs and benchmarking services. Need an outside consultant? We’ll work with your existing partners or recommend experts.
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