Save on Captive Insurance for Your Healthcare Group
Risk Retention Groups (RRGs) are a Captive Insurance that offers medical groups, hospital networks and healthcare facilities the opportunity to address their own unique risk management needs by creating their own insurance vehicle.
A Captive Insurance program can offer many key benefits
- Control of your claims handling
- Asset protection
- Tax efficiencies that are favorable to both the accumulation of premiums and dividend distributions.
- Control of your own insurance company
- Discretion over insured pool – underwriting expertise
- Stable pricing – not affected by the industry at large and other specialties
- Customized loss control and risk management services
- Control over legal – risk and litigation management issues
- Positioning for future acquisition(s), expansion – multi-state operations
- Surgical Fronting
- Control of unit cost-patient visit v. individual provider rating
Is Captive Insurance right for your healthcare company?
- Are your insurance premiums over $1,000,000 per annum?
- Does your company control losses and have a favorable loss ratio?
- Does your company have the capital and/or collateral to fund a captive?
- Is your management team comfortable with risk and can your company afford a large self-insured deductible?
We are Captive Insurance management experts
With strategic partnerships in place with multiple “A” rated carriers, a response team that is available 24/7, there is no better captive insurance partner than SEI.