Now days, our doctors are facing steadily rising medical malpractice premiums, which have led them to seek alternative source apart from the traditional policies and services provided by large independentcommercial insurance companies.
What is Captive Insurance? Captive insurance companies are insurance companies established with the specific objective of insuring risks emanating from their parent group or groups, but they sometimes also insure risks of the group's customers. This is an alternative form of risk management that is becoming a more practical and popular means through which companies can protect themselves financially while having more control over how they are insured.
Doctors ACO is seeking innovative solutions to save $ for our ACO Physicians. Captive Insurance is one of the ways that our physicians can save tremendous amount of money in their medical malpractice premiums. Doctors ACO believes “Captive Insurance” is an economical way for doctors to have malpractice insurance. For instance, as the captive's owner, the insured physician can be directly involved in major decisions made by captive regarding underwriting, investment policies, claim management, and quality improvement.