What Are the Key Differences Between Beazley and USI Insurance Services Medical Malpractice Insurance?
Bundled Sector Policy vs Broker Who Shops the Market
Beazley doesn't sell malpractice on its own here: Healthcare Professional Liability is a module inside its Virtual Care policy for digital-health businesses and inside its Life Sciences policy alongside products, E&O and general liability. USI is a broker, so its Healthcare practice advises on risk and places malpractice with insurers rather than carrying it. Choose Beazley if you run a telehealth service or a pharma, device, biotech or research company; choose USI if you run a hospital, surgery center, senior-care facility or locum tenens staffing firm. [2] [1] [7]
Captives and Loss Reviews for Larger Groups
If your group is big enough to self-fund part of its risk, USI and Beazley diverge sharply. USI says it can place through captives, risk retention groups and risk purchasing groups, and cites a 26-year loss review of a 220-physician group that it says produced about $350,000 in savings plus a retention change projected to cut premium by close to $1,000,000. Beazley's pages describe only its own packaged policies. [7] [2]
Getting a Quote
With Beazley, a broker submits one of its application brochures, such as the Virtual Care professional liability form. With USI, you email its property-casualty inquiries address or contact a local office. [1] [7]
What Should You Confirm in Beazley and USI Insurance Services Medical Malpractice Insurance Quotes?
- Ask Beazley for limits, retentions and whether the module is claims-made; its pages publish none. [2]
- Ask USI which insurer, captive or risk retention group would carry your policy. [7]
- If you buy Beazley's Life Sciences policy, check how the malpractice limit sits beside the products and E&O coverage. [1]