If you are a physician, surgeon, or allied healthcare provider in Kentucky one of the options you may consider is Doctors & Surgeons National Risk Retention Group, Inc. (DSNRRG), a physician member-owned professional liability insurance carrier that operates nationwide.
DSNRRG Company Details
RRGs are liability insurance companies that are owned by their members who are engaged in similar or related businesses.
The company is regulated by the state of Vermont, where it is domiciled, but it can operate in any state where it is registered
Here is a table that summarizes some basic information about DSNRRG:
|1000 S Pine Island Rd #600 Plantation FL 33324
|Customer Service Contact
|Occurrence or claims-made policies with limits ranging from $100,000/$300,000 to $1 million/$3 million
|Monday-Friday 9:00 AM – 5:00 PM EST
DSNRRG Services & Products
DSNRRG provides medical professional liability coverage to physicians, surgeons, and allied healthcare providers in various specialties and practice settings.
Occurrence policies cover claims arising from incidents occurring during the policy period, regardless of when reported.
Claims-made policies cover claims reported within the policy period or an extended reporting period, if incidents occurred after the policy’s retroactive date
Doctors & Surgeons National Risk Retention Group, Inc. also offers special packages or bundled services to its policyholders, such as:
- Free tail coverage for retiring physicians who have been insured with DSNRRG for at least five years
- Free tail coverage for physicians who become disabled or die while insured with DSNRRG
- Free prior acts coverage for physicians who switch from another carrier to DSNRRG without a lapse in coverage
- Free cyber liability coverage for policyholders who enroll in DSNRRG’s risk management program
- Free legal defense costs for policyholders who are involved in administrative actions or board complaints related to their professional services
DSNRRG does not offer international coverage for its policyholders.
However, the company does offer temporary or short-term policies for physicians who need coverage for locum tenens assignments or other temporary practice situations.
DSNRRG Financial Details
DSNRRG offers competitive and stable premiums to its policyholders based on its unique approach to underwriting.
The company also uses a sophisticated rating system that takes into account various factors such as specialty, location, practice size, loss history, risk management practices, and claims frequency and severity.
DSNRRG offers various payment options to its policyholders, such as:
- Monthly installments with no interest or service fees.
- Annual payments with a 5% discount.
- Quarterly or semi-annual payments with a 3% discount.
The company also offers discounts and promotional offers to its policyholders, such as:
- A 10% discount for new policyholders who join DSNRRG within the first year of their practice.
- A 10% discount for policyholders who complete an approved risk management course within the policy year.
- A 5% discount for policyholders who are board-certified in their specialty.
- A 5% discount for policyholders who belong to a preferred medical society or association.
- A 5% discount for policyholders who have no claims or lawsuits in the past five years.
DSNRRG has a high claim payout ratio, which means that it pays out a large proportion of its premium income in claims and expenses.
According to the latest financial report, DSNRRG had a claim payout ratio of 87.6% in 2022, which is above the industry average of 76.4%.
This indicates that DSNRRG is committed to providing fair and prompt compensation to its policyholders and their patients in the event of a claim.
DSNRRG Coverage Details
DSNRRG provides comprehensive coverage to its policyholders for any claims that arise from their professional services as physicians, surgeons, or allied healthcare providers.
The coverage includes:
- Legal defense costs, which are paid in addition to the policy limits.
- Medical payments, which are paid up to $10,000 per person and $25,000 per occurrence for bodily injury to patients or third parties that result from the policyholder’s professional services
- Personal injury liability, which covers claims for libel, slander, invasion of privacy, false arrest, or malicious prosecution that result from the policyholder’s professional services
- Sexual misconduct liability, which covers claims for sexual abuse or molestation that result from the policyholder’s professional services
DSNRRG also provides coverage for some additional exposures that may arise from the policyholder’s professional services, such as:
- Vicarious Liability: Covers claims for actions of staff, partners, or contractors within their duties.
- Peer Review Liability: Protects from damages related to participation in peer review.
- Good Samaritan Liability: Covers care provided without compensation outside of regular practice.
DSNRRG has some policy exclusions that limit its coverage for certain situations or circumstances. Some of the common exclusions are:
- Claims that arise from criminal acts, fraud, dishonesty, or intentional wrongdoing by the policyholder
- Claims that arise from the policyholder’s use of alcohol or drugs that impair their ability to perform their professional services
- Claims that arise from the policyholder’s violation of any federal, state, or local law or regulation that governs their professional services
- Claims that arise from the policyholder’s participation in any strike, riot, civil commotion, war, or terrorism
DSNRRG has some coverage limits that restrict its liability for certain amounts or occurrences. Some of the common limits are:
- Reporting a Claim: Report claims promptly at (800) 741-3742 or firstname.lastname@example.org. Submit all relevant details and documents.
- Claim Representative: A dedicated rep from DSNRRG manages the claim, determines the action plan (investigation, negotiation, settlement, or litigation).
- Legal Counsel: DSNRRG provides a qualified attorney for legal proceedings, collaborating with you and the claim representative on defense strategies.
- Claim Resolution: DSNRRG aims for a quick, fair resolution through settlements or trials.
DSNRRG will pay for any damages or expenses that are covered by the policy up to the policy limits.
DSNRRG will also keep the policyholder informed of the status and outcome of the claim.
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