Insurance Program Results
Medical Staffing: Booming Business
Crittenden expects proliferation of allied health programs to bring new players into the medical staffing industry. New allied health programs often include staffing firms, with two separate Lloyd’s of London-backed programs among the newest entrants willing to write this class. Increasing demand for staffing services will also provide organic growth for the segment. Expect carriers such as James River, Admiral, Kinsale, Beazley, Arch, ACE, Allied World and Lloyd’s through the new programs at Pioneer Special Risk and Pro-Praxis to be primary markets.
The medical staffing industry’s growth is anticipated to reach 7 percent this year and 6 percent next year, which are rates of growth higher than any other staffing industry. The traveling nurse industry will grow more rapidly, by 10 percent this year and 8 percent next year. This is a complete reversal after the industry bottomed out in 2009 and 2010, when staffing firms had trouble placing staff and often had lines of nurses outside of their offices seeking work. The strong economy and an influx of new patients brought about by the Affordable Care Act helped spark the increase in staffing requests. Hospitals, nursing homes, home health agencies and other facilities have led the jump in staffing requests for nurses. Hospitals are seeking more hospitalists, osteopaths and nurse practitioners. Prisons are also making more requests for additional medical staff. Nursing homes and home health will likely become two of the biggest employers of medical staff due to greater demand for care within the aging services sector. New startups and a growth in the size and scope of existing firms will also lead to additional opportunities for the placement of new business nationwide
Copyright © Crittenden Research Inc., July 13, 2015
Beazley Breach Response Select
Administered By: Beazley
Distribution: Direct/Broker
| Industries: |
Accountable Care Organizations (ACOs), Acupuncturist, Allied Health, Art Galleries/Fine Art/Museums/Antique Dealers, Assisted Living Facilities, Chiropractors, Civic Clubs (Nonprofit), Colleges & Universities, Continuing Care Retirement Communities (CCRCs), Day Spas, Dentists, Education & Nonprofit, Emergency Response Services (Ambulance), Gastroenterologist, Health Maintenance Organization (HMO), Healthcare Systems, Hospice, Hospitality (Hotels/Motels), Hospitals, Imaging Centers/Diagnostic Labs (X-Ray, MRI, etc.), Independent Living Facilities, Laboratories, Lawyers, Long-Term Care Facilities (LTC), Managed Care Organizations, Massage Therapy/Therapists, Mental Health/Behavioral (Counseling/Counselors), Midwives, Non Emergency Transportation (Medical), Nurse/Staffing Registries, Nursing Homes/Skilled Nursing Facilities, Opticians, Pharmacies, Pharmacists, Physicians, Podiatrists, Private/Charter Schools, Psychiatric Facilities/Hospitals, Psychologists, Rehabilitation Facilities, Research/Research Organizations (Clinical, Etc.), Retail, Schools, Schools (Adult Education), Substance Abuse Rehabilitation Facilities & Services, Surgeons, Therapy/Therapists, Weight Loss Clinics |
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Carriers: Beazley Insurance Co. Inc.
Coverage: Cyber Liability, Excess, Umbrella/Excess
Limits: up to $5 million
Healthcare
Administered By: CapSpecialty
Distribution: MGU
| Industries: |
Ambulatory Surgery Centers (ASCs), Blood/Tissue Banks, Clinical Trials, Federal Tort Claims Act Clinics, Home Healthcare, Hospice, Imaging Centers/Diagnostic Labs (X-Ray, MRI, etc.), Medical Clinics/Infirmaries, Medical Labs, Medispas, Nurse/Staffing Registries, Pharmacies, Research/Research Organizations (Clinical, Etc.), Urgent Care |
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Carriers: Capitol Specialty Insurance Corp.
Coverage: Professional Liability, Regulatory Liability
Limits: up to $11 million
Home Healthcare Agency Liability & Bonding
Administered By: The Solutions Group
Distribution: Program Administrator
| Industries: |
Nurse/Staffing Registries |
|---|
Carriers: Lloyd's of London
Coverage: Crime, Cyber Liability, Employment Practices Liability (EPL), General Liability, Non Owned Auto, Professional Liability, Property
Limits: Up to - $2 million/$4 million
Medical Professional Liability
Administered By: Markel
Distribution: Direct/Broker
| Industries: |
Allied Health, Alternative Medicine, Ambulatory Surgery Centers (ASCs), Behavioral/Mental Health Organizations, Blood/Tissue Banks, Community Health Centers, Cosmetic Surgeons/Aesthetic Professionals, Home Healthcare, Hospice, Hospitals, Imaging Centers/Diagnostic Labs (X-Ray, MRI, etc.), Medical Clinics/Infirmaries, Medispas, Nurse/Staffing Registries, Occupational Therapist, Pharmacies, Physical Therapists, Physicians (Locum Tenens), Senior Living Facilities, Sleep Clinics, Urgent Care, Weight Loss Clinics |
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Carriers: Markel Corp.
Coverage: Excess, General Liability, Professional Liability, Umbrella/Excess
Limits: up to $25 million (Umbrella/Excess), up to $5 million (Primary)
Medical Staffing and Nurse Registy Liability
Administered By: The Solutions Group
Distribution: Program Administrator
| Industries: |
Nurse/Staffing Registries |
|---|
Carriers: Lloyd's of London
Coverage: Cyber Liability, General Liability, Non Owned Auto, Professional Liability, Property
Limits: up to $2 million/$4 million
Medical Umbrella
Administered By: Markel
Distribution: Direct/Broker
| Industries: |
Blood/Tissue Banks, Clinical Trials, Clinics/Infirmaries (Correctional Health), Emergency Response Services (Ambulance), Home Healthcare, Hospitals, Imaging Centers/Diagnostic Labs (X-Ray, MRI, etc.), Medical Clinics/Infirmaries, Nurse/Staffing Registries, Occupational Therapist, Pharmacies, Physical Therapists, Social Services |
|---|
Carriers: Markel Corp.
Coverage: Umbrella/Excess
Limits: up to $25 million
MedSurance A&M
Administered By: CFC Underwriting
Distribution: MGA
| Industries: |
Allied Health, Mental Health/Behavioral (Counseling/Counselors), Nurse/Staffing Registries, Nutritionist/Dietitian |
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Carriers: Lloyd's of London
Coverage: Abuse & Molestation Liability, Commercial Property, Contractual Liability, Cyber Liability, Employee Benefits Liability, Errors & Omissions (E&O), Excess, Reputational Risk, Umbrella/Excess
Limits: up to $5 million
Miscellaneous Medical Facilities
Administered By: Ironshore
Distribution: Direct/Broker
| Industries: |
Adoption/Foster Services & Facilities, Adult Day Care, Allied Health, Ambulatory Surgery Centers (ASCs), Bariatric Surgery, Behavioral/Mental Health Organizations, Blood/Tissue Banks, Cancer Treatment Centers, Community Health Centers, Cosmetic Surgeons/Aesthetic Professionals, Dialysis Centers, Emergency Response Services (Ambulance), Home Healthcare, Hospice, Imaging Centers/Diagnostic Labs (X-Ray, MRI, etc.), Laboratories, Nurse/Staffing Registries, Pharmacies, Physical Therapists, Rehabilitation Facilities, Substance Abuse Rehabilitation Facilities & Services, Urgent Care, Weight Loss Clinics |
|---|
Carriers: Ironshore Inc.
Coverage: Employee Benefits Liability, Excess, General Liability, Hired & Non-Owned Auto, Professional Liability
Limits: up to $1 million/$3 million (Primary), up to $10 million (Follow-Form Excess)
Allied Health Facilities
Administered By: Pioneer Special Risk
Distribution: MGU
| Industries: |
Allied Health, Blood/Tissue Banks, Clinical Trials, Community Health Centers, Home Healthcare, Imaging Centers/Diagnostic Labs (X-Ray, MRI, etc.), Medical Labs, Nurse/Staffing Registries, Pharmacies, Physical Therapists, Schools |
|---|
Carriers: Lloyd's of London
Coverage: Commercial Auto (Hired & Non-Owned), General Liability, Professional Liability
Limits: $100,000/$300,000 - $5 million/$5 million (Primary), $1 million/$1 million - $5 million/$5 million (Follow-Form Excess)
Allied Healthcare
Administered By: Huntersure LLC
Distribution: MGA
| Industries: |
Acupuncturist, Adult Day Care, Allied Health, Audiologists, Chiropractors, Emergency Medical Technicians (EMTs), Emergency Response Services (Ambulance), Home Healthcare, Imaging Centers/Diagnostic Labs (X-Ray, MRI, etc.), Massage Therapy/Therapists, Medical Labs, Non Emergency Transportation (Medical), Nurse Practitioners, Nurse/Staffing Registries, Nurses, Nurses (CRNA), Nutritionist/Dietitian, Occupational Therapist, Opticians, Pharmacies, Physical Therapists, Physician Assistants, Speech Therapy/Therapists, Veterinarians/Veterinary Risks |
|---|
Carriers: Chaucer plc
Coverage: Abuse & Molestation Liability, General Liability, Professional Liability
Limits: up to $3 million/$6.4 million
Allied & Miscellaneous Program
Administered By: PRA Mid-Continent Underwriters
Distribution: MGA
| Industries: |
Adult Day Care, Allied Health, Ambulatory Surgery Centers (ASCs), Audiologists, Behavioral/Mental Health Organizations, Counseling (Marriage & Family), Dialysis Centers, Emergency Medical Technicians (EMTs), Fitness Professionals, Freestanding Medical Facilities, Home Healthcare, Home Medical Equipment, Imaging Centers/Diagnostic Labs (X-Ray, MRI, etc.), Massage Therapy/Therapists, Medical Clinics/Infirmaries, Medical Directors, Medical Labs, Mental Health/Behavioral (Counseling/Counselors), Non Emergency Transportation (Medical), Nurse Practitioners, Nurse/Staffing Registries, Nurses, Occupational Therapist, Opticians, Physical Therapists, Physician Assistants, Psychologists, Social Workers, Speech Therapy/Therapists, Substance Abuse Rehabilitation Facilities & Services |
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Carriers: ProAssurance Group
Coverage: Abuse & Molestation Liability, Employee Benefits Liability, General Liability, Hired & Non-Owned Auto, Professional Liability
Limits: up to $5 million/$7 million (Primary Limits)
Miscellaneous Medical Professional
Administered By: Admiral Insurance Group
Distribution: Direct/Broker
| Industries: |
Allied Health, Cancer Treatment Centers, Emergency Response Services (Ambulance), Imaging Centers/Diagnostic Labs (X-Ray, MRI, etc.), Laboratories, Medical Clinics/Infirmaries, Medispas, Mental Health/Behavioral (Counseling/Counselors), Nurse Practitioners, Nurse/Staffing Registries, Occupational Therapist, Physician Assistants, Psychologists, Radiology/Radiologists, Research/Research Organizations (Clinical, Etc.), Therapy/Therapists, Urgent Care |
|---|
Carriers: Admiral Insurance Co.
Coverage: Excess, General Liability, Professional Liability, Umbrella/Excess
Limits: up to $5,000,000 (Primary and Excess)
Allied Healthcare
Administered By: James River Insurance Co.
Distribution: MGA
| Industries: |
Adoption/Foster Services & Facilities, Adult Day Care, Allied Health, Ambulatory Surgery Centers (ASCs), Assisted Living Facilities, Behavioral/Mental Health Organizations, Emergency Response Services (Ambulance), Home Healthcare, Hospice, Imaging Centers/Diagnostic Labs (X-Ray, MRI, etc.), Independent Living Facilities, Laboratories, Long-Term Care Facilities (LTC), Medical Clinics/Infirmaries, Mental Health/Behavioral (Counseling/Counselors), Nurse/Staffing Registries, Pharmacies, Psychiatric Facilities/Hospitals, Rehabilitation Facilities, Senior Living Facilities, Substance Abuse Rehabilitation Facilities & Services, Weight Loss Clinics |
|---|
Carriers: James River Insurance Co.
Coverage: Excess, General Liability, Professional Liability
Limits: up to $5,000,000 (Excess over multiple underlying coverages - supported & unsupported), up to $1,000,000/$3,000,000 (Primary)
Allied Healthcare Express
Administered By: James River Insurance Co.
Distribution: MGA
| Industries: |
Adult Day Care, Allied Health, Assisted Living Facilities, Emergency Response Services (Ambulance), Home Healthcare, Home Medical Equipment, Independent Living Facilities, Mental Health/Behavioral (Counseling/Counselors), Non Emergency Transportation (Medical), Nurse/Staffing Registries |
|---|
Carriers: James River Insurance Co.
Coverage: Excess, Professional Liability
Limits: up to $1,000,000/$3,000,000 (Lower/Higher Limits available.)
Allied Professional Liability Insurance
Administered By: XL Catlin (Formerly Catlin)
Distribution: Direct/Broker
| Industries: |
Adult Day Care, Allied Health, Ambulatory Surgery Centers (ASCs), Blood/Tissue Banks, Colleges & Universities, Dialysis Centers, Emergency Response Services (Ambulance), Gyms/Fitness Facilities, Home Healthcare, Home Medical Equipment, Hospice, Imaging Centers/Diagnostic Labs (X-Ray, MRI, etc.), Medispas, Nurse/Staffing Registries, Opticians, Pharmacies, Physical Therapists, Psychiatric Facilities/Hospitals, Schools, Substance Abuse Rehabilitation Facilities & Services |
|---|
Carriers: Catlin Specialty Insurance Co.
Coverage: Excess, General Liability, Professional Liability, Umbrella/Excess
Limits: $5,000,000 Per Claim - $10,000,000 aggregate
Healthcare Facilities
Administered By: Arch Insurance Group
Distribution: Direct/Broker
| Industries: |
Allied Health, Ambulatory Surgery Centers (ASCs), Cancer Treatment Centers, Clinics/Infirmaries (Correctional Health), Colleges & Universities, Community Health Centers, Day Spas, Dialysis Centers, Home Healthcare, Imaging Centers/Diagnostic Labs (X-Ray, MRI, etc.), Laboratories, Medical Clinics/Infirmaries, Medispas, Nurse/Staffing Registries, Pharmacies, Rehabilitation Facilities, Schools, Urgent Care |
|---|
Carriers: Arch Insurance Co.
Coverage: Excess, General Liability, Professional Liability, Umbrella/Excess
Limits: up to $11,000,000
Healthcare Professional Liability
Administered By: XL Catlin (Formerly Catlin)
Distribution: Direct/Broker
| Industries: |
Alternative Medicine, Ambulatory Surgery Centers (ASCs), Bariatric Surgery, Clinics/Infirmaries (Correctional Health), Dentists, Medical Clinics/Infirmaries, Nurse/Staffing Registries, Physicians (Locum Tenens), Physicians (Nonstandard), Surgeons, Telemedicine, Urgent Care |
|---|
Carriers: Catlin Specialty Insurance Co., XL Catlin Insurance Co., Inc.
Coverage: Excess, General Liability, Medical Malpractice, Professional Liability
Limits: up to $20,000,000 (Policy Aggregate), up to $3,000,000 (Per physician/per loss event)
HealthcarePros (Miscellaneous Healthcare)
Administered By: U.S. Risk
Distribution: MGA
| Industries: |
Allied Health, Ambulatory Surgery Centers (ASCs), Assisted Living Facilities, Chiropractors, Dental Hygienists, Home Healthcare, Imaging Centers/Diagnostic Labs (X-Ray, MRI, etc.), Laboratories, Medical Clinics/Infirmaries, Medical Labs, Medispas, Mental Health/Behavioral (Counseling/Counselors), Non Emergency Transportation (Medical), Nurse/Staffing Registries, Nurses (CRNA), Opticians, Paramedics , Pharmacies, Substance Abuse Rehabilitation Facilities & Services |
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Carriers: Lloyd's of London
Coverage: Excess, General Liability, Professional Liability, Umbrella/Excess
Limits: $100,000/$300,000 - $2 million/$4 million
Home Healthcare
Administered By: Risk Placement Services (RPS)
Distribution: Program Administrator
| Industries: |
Allied Health, Home Healthcare, Hospice, Nurse/Staffing Registries |
|---|
Carriers: ACE American Insurance Co.
Coverage: Abuse & Molestation Liability, General Liability, Hired & Non-Owned Auto, Professional Liability
Limits: up to $2 million
Locum Tenens & Medical Staffing
Administered By: Kinsale Insurance
Distribution: Carrier Direct
| Industries: |
Nurse/Staffing Registries, Physicians (Locum Tenens) |
|---|
Carriers: Kinsale Insurance Co.
Coverage: Professional Liability
Limits: $2,000,000 Per Claim - $6,000,000 Aggregate (Virginia only), $1,000,000 Per Claim - $3,000,000 Aggregate