Practice Management

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  • 1.  Captive Insurance Models

    Posted 03-12-2018 16:22

    Has anyone considered and/or adopted the use of a captive insurance model for their practice supplanting the traditional, fully-insured approach?

     

    If you have considered or are using a captive model, I'd like to learn more of the details about your experience, including:

    • Which practice risks are you insuring through your captive.
      • Professional liability
      • Employee health insurance
      • Employee disability
      • General Liability/Auto
      • Cyber-liability
      • Property
      • Worker's Comp.
      • Directors & Officers
      • Fiduciary/Crime
      • Other
    • Did you use any outside resources in your due diligence in considering or to moving to a captive?
      • Your own broker
      • An independent consultant
      • Another broker who may have an indirect relationship with your practice.
      • Were you approached by a broker/consultant who is in the business of establishing captives?
    • I'd be interested in knowing more about the feasibility study you conducted in considering a captive
      • Scope of work
      • Who conducted the study
      • Outcome/findings
    • Any alternative risk management models you may have explored outside of a captive.

      

    I'm happy to speak to you offline to consider more of the details.

    I appreciate your feedback.



    ------------------------------
    Tim Barrett CPA
    CEO
    Radiology Associates, LLC
    Baton Rouge LA
    (225) 757-0552
    ------------------------------


  • 2.  RE: Captive Insurance Models

    Posted 03-12-2018 16:51
    We considered it and determined that is would be prudent for our practice.  Our rates were not that much different when we compared apples to apples.

    Trusted to provide expert and caring radiology service for over 50 years

    Wayne Baldwin
    CEO
    (805) 879-7577

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    Original Message


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