What Are the Key Differences Between Heffernan Insurance Brokers and USI Insurance Services Medical Malpractice Insurance?
Evidence of Repricing a Large Physician Group
USI is the only one of the two that publishes malpractice results: its healthcare team reviewed a 220-physician group’s losses, found an outdated limit structure, and projected close to $1,000,000 a year in premium cuts from a retention change. Heffernan’s reviewed page gives no comparable malpractice outcome, only a claim of experience with nonprofit healthcare organizations. Choose USI if you run a large physician group that suspects it is overpaying; choose Heffernan if you are a smaller clinic, lab or home-care operator wanting several lines managed as one program. [6] [2]
Alternative Funding Options
Heffernan offers captive, partially self-insured and fully self-insured structures. USI reaches captives too, and adds risk retention groups and risk purchasing groups, which pool malpractice risk with similar providers. If a pooled program could lower your cost, USI documents more routes. [2] [6]
Facilities Each Names
USI lists surgery centers, dialysis clinics, residential treatment, locum tenens staffing, urgent care and managed care. Heffernan lists patient transport, laboratories, allied health and home care. Both name hospitals, physician groups and senior living, so check which list matches your operation. [6] [2]
What Should You Confirm in Heffernan Insurance Brokers and USI Insurance Services Medical Malpractice Insurance Quotes?
- Ask both which insurer, captive or pooled group would carry your risk; neither names a malpractice carrier. [2] [6]
- Ask USI whether a multi-year loss review is part of your engagement. [6]
- Ask Heffernan which of workers’ compensation, professional liability and cyber it would place alongside malpractice. [2]