Industries · Medical Practices
Private reinsurance for medical practices.
Your malpractice policy covers malpractice. It may not cover an administrative action against your license, a payer clawback, a records loss, or the revenue hit when a key physician leaves. Those risks sit uninsured on your P&L today, funded by your cash flow. The Latitude Plan puts them under real policies issued by a licensed carrier and reinsured to a reinsurance company you own, layered on top of both your P&C and your malpractice coverage.
The risk profile
Underinsured and uninsured risks we see in this vertical
- Administrative & regulatory actions
- Collection risks & payer clawbacks
- Communicable disease liability
- Contingent business interruption
- Directors & officers liability
- Employment practices liability
- Financial reporting errors & omissions
- Wage & hour violations
- Legal expense reimbursement
- Loss of a key contract
- Loss of records
- Regulatory changes
- Reputational risk
- Workplace violence
Policies are priced by the carrier against an independent licensed actuary’s formal assessment of your underinsured and uninsured risks. Treat this list as a starting point.
The brief
A working example: a pain-management practice grossing $14M annually completed its actuarial assessment and now expenses roughly $1.2M per year in premium (about 9% of topline revenue) across fourteen actuarially validated risk lines of exposure, with a combined aggregate limit of $14M.
An independent licensed actuary identifies your practice's actual exposures and recommends premiums; the carrier sets them. Your existing malpractice and commercial policies can stay where they are.
Book a Call
One hour to find out what medical practices premiums could be building for you.
A one-hour presentation of The Latitude Plan, then your questions. Your CPA or attorney is welcome on the line.