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Want more info on RRG's? Contact RWO today?
Email Us
Or Call us at 301.863.6625
RRG Advantages
Maintain quality coverage at competitive pricing
Accumulate wealth - Flexible programs for both physicians and physician groups
Invest their retained value
Protect their practice/reputation
Fact: Over 80% of physicians never pay out loss dollars - Why continue to subsidize the other 20%
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Medical Malpractice
Risk Retention Groups are a medical liability program designed for medical professionals that are interested in taking back control of their operating costs.
OUR MISSION
To empower physicians to control their medical
malpractice insurance risk, to lower their premium rates over time and to share
in investment and underwriting surpluses (profits).
Background
Risk Retention Groups (RRGs)- Professional liability insurance organizations owned and governed by subscribers and run for their benefit- not for outside shareholders
Physicians began turning to RRGs, authorized by the Liability Risk Retention Act (LRRA), in 2002 and they've grown dramatically since.
Half of all RRGs since 2008 were formed to provide medical malpractice insurance for physicians who sought their cost control and program stability benefits.
Why Are RRG Premiums Lower?
Lower management and corporate overhead expense
No profit component built into premiums
Underwriting policy controlled by member physicians
Participants have stake in business
Arbitration/claims mitigation program
What are your Risk Transfer Options?
Insurers, where you'll over pay to support corporate overhead and profits, which you do not share in. Or, if you do get a dividend it is not proportionate to full profits.
Go bare and attempt to shield assets and future income from court jurisdiction.
Create your own standalone captives and RRGs, which involve high capitalization, high start-up costs and time and expense for ongoing management.
Or the smart option
One of our many RRG's tailored to your specialty, which provides coverage based on the true cost of claims, in concert with asset and income protection programs, with low start-up and operating costs and low time commitment.
Which Risk Retention Alternative is Right for You?
At Raley, Watts and O'Neill we work with a diverse group of
established RRG's that specialize in working with OB/GYN's, Urologists,
pediatricians, emergency medicine and a new multi-specialty RRG for all other
specialties
How to Join
Simply click this link and fill out the eligibility questionnaire and provide loss history plus certificate of insurance and premium rates for current coverage
The company will underwrite and quote rates and coverage tailored to your risk characteristics
FAQ's
Click here for an in-depth list of frequently asked questions.
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