What Are the Features and Benefits of the Physicians’ Risk Retention Group?
The features of a Physicians’ RRG can be customized to provide the benefits and programs that are desired by the insureds. In general, the benefits to the insureds and owners of a Physician’s RRG can include reduced medical malpractice insurance premiums, selective underwriting (that is admission of practitioners with favorable loss or claims history), stabilized insurance premium rates, the implementation of risk reduction and event management programs, more control over the settlement or litigation of claims, customization of policy terms, physician control over the company’s business decisions, and the severance of reliance upon commercial carriers.
• The features of a physicians’ RRG can be customized to provide the benefits and programs that are desired by the insureds. • In general, the benefits of the insureds and owners of a Physician’s RRG can include reduced medical malpractice insurance premiums, selective underwriting (that is admission of practitioners with favorable loss or claims history), stabilized insurance premium rates, the implementation of risk reduction and event management programs, more control over the settlement or litigation of claims, customization of policy terms, physician control over the company’s business decisions, and the severance of reliance upon commercial carriers.
