Healthcare
Healthcare organizations of all types and sizes benefit from Lockton’s services. Our specialists combine hundreds of years of experience, solving complex risk management challenges specifically targeted at healthcare providers. Our unique business model allows us analyze our clients professional liability, property and casualty program as a whole. This same model helps assure that you have the best coverage at the best premium and that no overlaps or gaps in coverage exist in your program.
Lockton’s healthcare specialists not only stay abreast of issues and market conditions within the insurance industry, but strive daily to understand the issues and challenges facing healthcare providers. As such, we value our membership in organizations such as the American Hospital Association, American Society for Healthcare Risk Management, and various state organizations. We subscribe to ECRI, Modern Healthcare, Hospital and Health Network, and other industry publications.
Lockton’s healthcare clients benefit from our team approach that includes clinical risk management from our staff resident nurses, expert claims assistance from staff attorneys/litigation specialists, and alternative risk reviews and program design from our staff CPA’s and actuaries. Some of the services available to our clients include:
- Actuarial analysis of loss information
- Assistance with the formation of safety committees
- Captive/ RRG operation
- Claims management
- Compliance assistance in keeping with the Joint Commission on Accreditation of Healthcare Organization guidelines
- Enterprise risk management
- Environmental compliance consulting
- Internal policy and procedure review
- JCAHO and regulatory Program Evaluation
- Risk financing
- Safety training (blood-borne, pathogen, hazard communication, back injury)
- Site safety audits
We specialize in:
- Acute Care Hospitals
- Healthcare Staffing Firms
- Long-Term Care Facilities
- Managed Care Providers
- Miscellaneous Healthcare operations (MRI’s, research, etc.)
- Physician Groups
- Specialty Outpatient Centers
Lockton Service
The key to our success is working in close partnership with each of our clients. Our specialists take time to listen and to understand your specific goals so that we deliver insurance solutions tailored to your requirements. This approach has earned us the trust of clients all over the world.
The same team that designs, negotiates and implements your business insurance plan with the carrier is also responsible for managing your service needs. This dedicated team approach increases our understanding of your business, allows us to anticipate your needs, and creates accountability and ownership by the team throughout the entire process.
Most insurance brokers promise a high-level of personalized service, but our unique structure allows us to actually deliver on that promise everyday. As a private, family-owned company, all our Associates focus solely on you, our client, rather than public shareholders.
We firmly believe we get business based on our expertise, creative solutions and outstanding service. Just as importantly, our client retention rate of 95 percent reflects our commitment to each and every client.
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Success Stories: |
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New deductible structure results in correct coverage for hospital
A large urban teaching hospital wanted to maintain a relatively low deductible as part of its professional liability program. At the time, the insurance markets were in turmoil, causing prices to rise more than 50 percent in some cases.
Lockton’s strategy was to structure a “corridor deductible” option, which resulted in allowing the hospital to secure the coverage it needed. In addition, the hospital was able to maintain low deductibles which held down the overall cost of insurance.
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