About the Products
MedSolutions is a portfolio of products offered by ASI Healthcare providing customized insurance policies and programs for healthcare related risks. Within the MedSolutions product are a range of coverage options, from traditional insurance for less complex accounts, to sophisticated self-insurance vehicles for complex accounts with unique needs. Possible solutions cover a broad spectrum of needs, from compliance coverage to meet state legal operating requirements, to sophisticated self-insurance programs or rent-a-captive structures that allow insureds to retain the underwriting profit. The following are some samples of possible structures, based on a particular account’s tolerance for risk.
Low Risk Tolerance
Compliance Coverage
- Low Premiums
- Limits from $25,000/$25,000
- Flexible retention levels
MedSolutions Advantage Series
- Lower Premiums
- First dollar and low retention options
- Professional Liability limits from $100,000 to $500,000
- General Liability limits of $1,000,000/$3,000,000 are standard
MedSolutions Traditional Coverage
- Flexible retention options
- Limit sets of $1,000,000/$3,000,000
- Broader coverage form
Moderate Risk Tolerance
Loss Sensitive Plans
- Insured typically receives a reduced inception premium in exchange for their commitment to participate in any loss development at a later time
- Insured benefits from lower inception premium by assuming more risk
Excess Retention Plans
- Significantly reduced inception premium
- Insured assumes more risk in the form of a secondary, aggregated retention layer
High Risk Tolerance
Fully-funded or Rent-a-Captive
- Insured funds all losses up to policy limit
- Simple underwriting requirements
- Insured retains underwriting profit
- Add additional exposures with relative ease
Single Parent Captive
- For large, complex risks
- Insured can create customized coverage terms & conditions
- Insured retains control over policy and claims
