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PHYSHIELD Advantages
Maintain quality coverage at competitive pricing
Accumulate wealth - Flexible programs for both hospitals and physicians
Invest their retained value
Protect their practice/reputation
More cost effective than captives
Fact: Over 80% of physicians never pay out loss dollars - Why continue to subsidize the other 20%
Call: 301.863.6625
To speak with a representative today
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Physhield
PHYSHIELD is a Medical liability program designed for hospitals and medical professionals that are interested in taking back control of their operating costs.
PHYSHIELD: OUR MISSION
To empower physicians and hospitals to control their medical malpractice insurance risk, to lower their premium rates over time and to share in investment and underwriting surpluses (profits).
Background
- Risk Retention Groups (RRGs)- Professional liability insurance organizations owned and governed by subscribers and run for their benefit- not for outside shareholders
- Physicians began turning to RRGs, authorized by the Liability Risk Retention Act (LRRA), in 2002 and they've grown dramatically since.
- Half of all RRGs since 2008 were formed to provide medical malpractice insurance for physicians who sought their cost control and program stability benefits.
Why Are RRG Premiums Lower?
Lower management and corporate overhead expense
No profit component built into premiums
Underwriting policy controlled by member physicians
Participants have stake in business
Arbitration/claims mitigation program
Risk Segregation Option
Unique feature of PHYSHIELD
For groups paying premium of $1M+
10% of premium pooled in PHYSHIELD
90% paid as reinsurance premium to protected cell company
Premium accumulates in cell segregated from risk of other cells
Opportunity to access international reinsurance market
Hospital/Physician Options
Tradtional insurers, where you'll over pay to support corporate overhead and profits, which you do not share in.
Go bare and attempt to shield assets and future income from court jurisdiction
Stand alone captives and RRGs, which involve high capitalization, high start-up costs and time and expense for ongoing management.
Or the right option...
PHYSHIELD, which provides coverage based on the true cost of claims, in concert with asset and income protection programs, with low start-up and operating costs and low time commitment.
How to Join
Simply click this link and fill out the eligibility questionnaire and provide loss history plus certificate of insurance and premium rates for current coverage
PHYSHIELD underwrites and quotes rates and coverage tailored to your risk characteristics
PHYSHIELD coverage becomes effective on your next renewal date with payment of premium and capital contribution or sooner if desired
FAQ's
Click here for and indepth list of frequently asked questions.
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