Healthcare
Our healthcare risk specialists have hundreds of years of combined experience, solving complex risk management challenges specifically targeted at healthcare provider. Our account teams will analyze your professional liability and property and casualty program as a whole to assure that you have cost effective, comprehensive coverage.
You will benefit from our team approach that includes clinical risk management from our staff resident nurses, expert claims assistance from staff attorneys/litigation specialists, and alternative risk reviews and program design from our staff CPA’s and actuaries.
We value our membership in organizations such as the American Hospital Association, American Society for Healthcare Risk Management, and various state organizations. We subscribe to ECRI, Modern Healthcare, Hospital and Health Network, and other industry publications.
Some of the services available to our clients include:
- Actuarial analysis of loss information
- Assistance with the formation of safety committees
- Captive/ RRG operation
- Claims management
- Compliance assistance in keeping with the Joint Commission on Accreditation of Healthcare Organization guidelines
- Enterprise risk management
- Environmental compliance consulting
- Internal policy and procedure review
- JCAHO and regulatory Program Evaluation
- Risk financing
- Safety training (blood-borne, pathogen, hazard communication, back injury)
- Site safety audits
We specialize in:
- Acute Care Hospitals
- Healthcare Staffing Firms
- Long-Term Care Facilities
- Managed Care Providers
- Miscellaneous Healthcare operations (MRI’s, research, etc.)
- Physician Groups
- Specialty Outpatient Centers
Lockton Service
Service starts with listening. We take the time to understand your specific goals, design a program that fits your needs, aggressively negotiate coverage, and implement a service plan. You will have the same dedicated service team throughout the entire process which allows us to anticipate your needs and create accountability.
It’s all about you. As a private, family-owned company, all our Associates focus solely on you, our client, rather than public shareholders.
Long-term thinking. Clients stay with us based on our expertise, creative solutions, seamless global resources and outstanding service. Our client retention rate of 95 percent reiterates our commitment to each and every client.
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Success Stories: |
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New deductible structure results in correct coverage for hospital
A large urban teaching hospital wanted to maintain a relatively low deductible as part of its professional liability program. At the time, the insurance markets were in turmoil, causing prices to rise more than 50 percent in some cases.
Lockton’s strategy was to structure a “corridor deductible” option, which resulted in allowing the hospital to secure the coverage it needed. In addition, the hospital was able to maintain low deductibles which held down the overall cost of insurance.
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