Emergency Capital Management, a Risk Retention Group, LLC (VT): Contact Details, Services & products, Financial Details.

Envision Healthcare, one of the largest medical groups in the country, owns Emergency Capital Management, a Risk Retention Group, LLC (ECM RRG).

ECM RRG, a Vermont-domiciled risk retention group, was established in 2012 to deliver professional liability insurance to emergency physicians.

ECM RRG, a prominent professional liability insurance provider for emergency physicians, prides itself on offering competitive rates.

Delivers high-quality claims service, and providing an extensive array of insurance products.

If you are an emergency physician, I strongly urge you to contemplate ECM RRG membership.

Emergency Capital Management, a Risk Retention Group, LLC

Contact Details

ECM RRG 76 St Paul Street Suite 500 Burlington, VT 05401 (802) 264-4581

Emergency Capital Management, a Risk Retention Group, LLC Services And Products

Emergency Capital Management, LLC (ECM RRG), a Risk Retention Group (RRG), actively provides professional liability insurance products tailored to the needs of emergency physicians.

RRGs, which operate as self-insurance groups, foster risk-sharing among members, offering a more cost-effective alternative to traditional commercial insurers.

ECM RRG extends its services with various professional liability insurance products, including:

Medical Malpractice Insurance:

Comprehensive coverage for claims arising from negligence or medical errors that lead to patient injury or fatality.

Errors and Omissions Insurance (E&O Insurance):

Safeguarding against claims of professional negligence or errors, such as misdiagnoses or improper treatment.

Employment Practices Liability Insurance:

Protection from allegations of wrongful termination, discrimination, harassment, and other employment-related disputes.

Directors and Officers Liability Insurance (D&O Insurance):

Ensuring coverage for emergency physicians who hold executive positions, shielding against claims of wrongdoing, such as breach of fiduciary duty or mismanagement.

The advantages of securing professional liability insurance through ECM RRG include:

  • Cost Savings: RRGs typically deliver more competitive rates, courtesy of their member-owned and operated structure, allowing them to sidestep the profit margins of commercial insurers.
  • Control Over Coverage: RRG members have a direct say in the design and management of their insurance program, ensuring it aligns precisely with their requirements.
  • Risk Management Support: ECM RRG, in line with RRG practices, provides its members with access to a wealth of risk management resources and support, aiding in the identification and mitigation of potential risks.

Financial Strength:

  1. Solid Financial Standing: ECM RRG boasts a strong financial foundation with a robust track record.
  2. Impressive Surplus: The company maintains a substantial surplus exceeding $100 million.

Insurance Rating Agencies’ Assessments:

  1. Demotech Rating: Demotech, a prominent insurance rating agency, has accorded ECM RRG an “A (Excellent)” financial strength rating.
  2. A.M. Best Rating: It’s worth noting that ECM RRG has not been rated by A.M. Best, another notable insurance rating agency.

Efficient Claims Process:

Initiate the Claim:

To kick off the claims process, ECM RRG members should promptly get in touch with the claims department at (802) 264-4581.

The claims adjuster will then start collecting essential details, including the incident date, claim nature, and necessary documentation.

Thorough Investigation:

Subsequently, the claims adjuster conducts an in-depth investigation to ascertain the claim’s coverage under the member’s policy.

This can involve a review of medical records, witness interviews, and expert opinions.

Claim Evaluation:

Once the investigation concludes, the claims adjuster assesses the claim and establishes a reserve amount.

This reserve represents an estimate of ECM RRG’s potential liability for resolving the claim.

Negotiation and Settlement:

The claims adjuster engages in negotiations with the claimant or their attorney to reach a settlement agreement.

If an agreement is reached, ECM RRG disburses the agreed-upon amount.

Court Defense:

If no settlement agreement is reached, ECM RRG takes on the task of defending the member in court.

The company hires an attorney to represent the member and assumes all defense-related costs.

Supportive Claims Team:

ECM RRG’s claims team dedicates itself to delivering exceptional support throughout the claims process.

Utilizing their extensive experience in managing professional liability claims for emergency physicians.

They commit to promptly and fairly resolving every claim.

Tips for Filing a Claim:

  • Report the claim promptly to allow for thorough investigation and defense strategy development.
  • Furnish ECM RRG with all pertinent documentation, including medical records, witness statements, and expert opinions.
  • Maintain cooperation with ECM RRG’s claims adjuster, as more information facilitates effective representation.
  • Exercise patience during the claims process, especially in complex cases or if the claimant is reluctant to settle.

Contact Information:

  • If you have any queries regarding the claims process, please don’t hesitate to reach out to ECM RRG’s claims department at (802) 264-4581.

Cancellations and Renewals:

  • ECM RRG policies typically have one-year terms.
  • Members have the option to cancel or renew their policies at the end of the term.
  • A renewal notice is sent to members before their policy term concludes.

Affiliates and Partnerships:

  • ECM RRG is an active member of the Risk Retention Group Council of America (RRGCA), a national trade association for RRGs.
  • Additionally, ECM RRG has established partnerships with various organizations within the emergency medicine community, including the American College of Emergency Physicians (ACEP) and the Emergency Medicine Residents’ Association (EMRA).

Customer Reviews:

  • ECM RRG has garnered positive feedback from its members.
  • Members appreciate ECM RRG for its competitive rates, responsive and knowledgeable staff, and its unwavering commitment to delivering high-quality claims service.

Benefits of ECM RRG Membership:

FAQs:

Who is eligible to become a member of ECM RRG?

  • ECM RRG extends its membership eligibility to all licensed emergency physicians practicing in the United States.

How much does ECM RRG membership cost?

  • The cost of ECM RRG membership varies based on individual risk factors.
  • However, ECM RRG is committed to providing members with competitive rates.

What happens if I’m sued while I’m a member of ECM RRG?

  • If you face a lawsuit as an ECM RRG member, ECM RRG’s dedicated claims team will actively defend you and work towards resolving the claim on your behalf.

 How do I renew my ECM RRG membership?

  • To renew your membership, you will receive a renewal notice from ECM RRG before your policy term concludes.
  • Simply complete the renewal application and return it to ECM RRG.

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