The healthcare industry has undergone several fundamental changes in the last decade. An increase in lawsuits resulting from professional exposures coupled with increasing technological capacities means higher risk assumed by medical professionals and carriers alike. This is felt by healthcare professionals across the country who are forced to pay rising premiums in a challenging economy.
Due in large part to pricing pressure brought on by intense competition and exorbitant legal awards, some insurance carriers are finding themselves faced with insurmountable losses. Some have sharply curtailed their underwriting, while some are non-renewing all but the most desirable risks, leaving doctors faced with the need to replace their coverage with ever-increasing premiums.
Obviously, the subject of insurance coverage for healthcare facilities is tremendously complex – In the case of today's healthcare facilities, proper insurance coverage is needed for a variety of potential exposures. In addition to the liability issues, properly insurance for a healthcare facility should also include a variety of coverage for property and workers’ compensation exposures.
The Jacobs Company delivers the strategies, tools and resources that help you manage your facility’s risks, control workers’ compensation claim costs, advance safety initiatives, and boost employee morale.
With over 400 years of combined industry experience, The Jacobs Company has access to more than 15 insurers specializing in the healthcare industry. And, the relationships that come with high premium volume allow us leverage to negotiate the best possible terms on your behalf.