Medical Professional Liability Insurance
Oros Risk Solutions specializes in providing insurance brokerage and consulting services to:
- Physicians & surgeons
- Medical Groups
- Oral & Maxillofacial Surgeons
We understand that medical professional liability insurance is typically one of the largest expenses in a medical practice. We also understand that cutting costs is important in the environment of healthcare today. Too often doctors mistakenly consider this line of coverage a commodity, and focus only on the price. Simply put, we want to save you money. However, we prefer to do so without sacrificing coverage, financial security, and performance of the insurance company in protecting you in court. Quite frankly, our goal is to work with you over time to achieve the optimal balance between quality and the cost to transfer risk over the long time horizon; because your livelihood, assets and reputation are on the line. Our capabilities in Alternative Risk Financing can help structure hybrid solutions combining traditional insurance along with commercial insurance so you can share in the risk and smooth out the ups and downs of the insurance market.
The insurance and consulting solutions that we offer for Doctors and Medical Groups include the following:
- Medical Professional Liability
- Regulatory Policy (billing & Coding defense)
- Cyber Liability (data and network security)
- Directors & Officers Coverage
- Fiduciary Liability
- Employment Practices Liability
- Property, General Liability, Business Owners Policy
- Umbrella, Excess Liability
- Workers Compensation Insurance
- ERISA Bond
- Fidelity Coverage (crime)
- Business Automobile Coverage
- Alternative Risk Financing Consulting
- Fee based Insurance Consulting
It’s about expertise and service. As specialists, we use our knowledge and relationships to your advantage. We can put you in the best possible position when we bring you all your options from one source. When we negotiate quotes with all insurance companies under consideration, we receive commissions no matter which decision you make. Therefore, our work for you becomes more about the consulting and less about someone trying to sell you something. We help you gain an understanding of the differences between options that are meaningful to you. Ideally, we strive to create an environment of unbiased advice, focusing what is best for you. Going forward, we employ a world class service model built on consistently meeting or exceeding your expectations.
Our process includes learning about your current circumstances and needs, educating you on the results of our evaluation including potential solutions, and implementing a mutually agreed upon solution. We believe all clients deserve regular communication, proactive notice of cost changes, prompt return of inquiries, and general appreciation for the opportunity to serve you. When appropriate, we customize service plans to a client’s specific needs which include elements such as market studies evaluating costs, insurer comparisons, annual education sessions, claims reviews, coverage analysis, and targeted risk management and patient safety programs.