[Financial Strength]    [Service Standards]

To combat rising costs and the cyclical commercial insurance marketplace, many hospitals are retaining more risk, and that is where BerkleyMed can help.  In addition to offering valuable excess coverage, we realize the real opportunity for savings is in preventing and controlling losses.  That is why we have assembled a team of both healthcare and insurance professionals who work in conjunction with our hospital clients to manage and diminish risk thereby lowering costs.

Our success stems from our ability to assist our healthcare clients in optimizing their risk financing program.  We know the possibility of a hospital professional liability loss exists but we also recognize there are steps a healthcare facility can take to minimize this exposure.  Through our consultative approach, we are able to identify more efficient risk financing alternatives and risk mitigation strategies all aimed at lowering our insured total cost of risk. Those hospitals who share this vision and are willing to take action are the types of business partners that we seek.

To understand how your facility can benefit from working with our company, it is important to examine our coverage and financial strength, our commitment to defined service standards, and our investment in information and technology specifically for hospitals and healthcare facilities.

Financial Strength.  BerkleyMed offers direct excess and umbrella coverage, as well as reinsurance to captives.  Coverage for hospital professional liability is written on a claims-made basis, and we offer as much as $25 million in liability limits. 

We know financial strength is of utmost importance to clients in their selection of a hospital professional liability carrier.  When a loss occurs, hospitals need reassurance that their claims will be paid in full and on time.  Fulfilling our responsibility to our policyholders is our first and foremost obligation. 

Our excess and umbrella policies are issued on Admiral Insurance Company, a Berkley Group affiliate rated A+ by A.M. Best.  Our reinsurance certificates are issued by Berkley Insurance Company, another Berkley Group affiliate rated A by A.M. Best.

Our clients benefit from this affiliation with the W.R. Berkley Group.  Founded in 1967, W.R. Berkley does business in all segments of the property casualty insurance industry.  Berkley’s current market capitalization is in excess of $7 billion, and the company has an S&P financial strength rating of A+.

WR Berkley is publicly traded on the NYSE with stock symbol BER.

For more information on WR Berkley visit their website at www.wrbc.com.

Back to Top

Service Standards.  Our goal is to support our healthcare clients who have chosen to self-insure their professional liability losses or retain a specified level of risk.   By collaborating with you on risk management, claims, and financial issues, we believe we can become a valuable resource to your management team with a focus on lowering your costs.

We strive to understand each of our client’s unique circumstances and goals. This allows our professionals to develop of a product and service strategy that meets the needs of each facility.  Clear expectations for cost savings and precise implementation of defined strategies set the groundwork for a long-term relationship.

We approach risk management as a partnership, aligning our services with your identified needs.  We strive to understand your commitment to proactive loss prevention and regulatory compliance strategies. 

Our goal is to combine our expertise and exclusive focus on the healthcare industry with your in-depth knowledge of your facility’s operations.  This allows us to collectively identify unique opportunities for program improvements.  The result is the potential for noticeable cost savings.

Back to Top