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Alternative Market for MPL

Physicians Insurance offers alternative risk financing options to physicians, clinics, hospitals, their respective single/multi-state associations, and other health care facilities. This allows medical professionals and facilities to rethink their risk-financing options due to the dynamic forces reshaping the health care industry.

With our nationwide alternative risk-financing platform, we can offer management services to existing risk retention groups and self-insured organizations, or help in the establishment of new risk retention groups, effectively lowering risk exposure.

Following are two examples of risk retention groups whose management companies are owned and operated by Physicians Insurance.

 Emergency Medicine Professional Assurance Company RRG (EMPAC) is a professional liability insurance company formed in 2003 by emergency medicine physicians seeking a viable, long-term alternative to the traditional insurance market. EMPAC serves as a predominantly single-specialty risk retention group insuring emergency medicine groups and residency-trained, board-certified professionals.

 SCRUBS RRG is a professional liability insurance company formed in 2007 by urologists, and is the only urologic-specific medical professional liability insurance company in the United States. SCRUBS RRG is dedicated to assuring the long-term availability of coverage at stable and reasonable prices to the specialty.

To speak with someone about risk retention groups or alternative market options, please contact us at (800) 962-1399 and ask for a member in the Sales and Account Management team.
NOTE: These brief descriptions do not offer or change coverage. All insurance policies are controlled by the terms of the policies.
What is a Risk Retention Group?

A Risk Retention Group (RRG) is a type of insurance company in which the policyholders are also the stockholders. In the broadest sense, a risk retention group insures businesses of a similar type in regards to their liability exposures.
Management companies are contracted to the RRGs to handle a variety of functions of the carrier, including regulatory compliance, claims administration, investment strategies, underwriting, marketing, and servicing of policies for the risk retention groups. The companies are not owners but stewards of the insurance carriers. Physicians Insurance offers expertise in the origination and management of risk retention groups.

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