Medical Malpractice Insurance Solutions from Bailey Special Risks
If you are looking for a trusted partner to help you place Medical Malpractice and Allied Health Insurance, Bailey Special Risks, Inc. (BSR) offers a flexible, non-admitted solution backed by multiple carriers. As a wholesale broker with deep expertise in professional liability, BSR can help agents and brokers navigate the complex and evolving risks faced by healthcare professionals and facilities.
Ideal Accounts and Appetite
BSR’s Medical Malpractice program is designed for a wide range of healthcare-related entities. Ideal accounts include:
- Physicians and surgeons across a variety of specialties
- Allied health professionals such as nurse practitioners, physician assistants, and therapists
- Medical groups, clinics, and outpatient facilities
- Diagnostic imaging centers, labs, and urgent care centers
- Telemedicine providers and non-traditional healthcare services
Whether you are working with a solo practitioner or a multi-provider facility, BSR can help you find competitive coverage solutions tailored to your client’s unique needs.
Coverage Highlights and Advantages
BSR’s access to various carriers allows for flexibility in coverage design and risk appetite. Key features may include:
- Claims-made and occurrence policy forms
- Consent to settle provisions (where available)
- Defense costs outside the limits (on select policies)
- Optional tail coverage and prior acts coverage
- Customizable limits and deductibles
This program aims to help agents address gaps in coverage, tailor protection for niche practices, and secure terms for hard-to-place accounts.
Underwriting Notes and Minimum Premiums
Underwriting is flexible, with a focus on understanding the full risk profile of each applicant. While BSR does not list a specific minimum premium, the program is structured to accommodate a broad range of account sizes, from small practices to larger facilities. Risk factors such as specialty, claims history, and location will influence pricing and terms.
Territories and Availability
This Medical Malpractice market is available on a non-admitted basis in the following states: AL, AZ, AR, CA, CO, CT, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, MD, MA, MI, MS, MO, NV, NJ, NY, NC, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WV, WI, and WY.
Why Work With Bailey Special Risks
Bailey Special Risks, Inc. brings decades of experience in placing complex and hard-to-place professional liability accounts. Their dedicated medical malpractice team understands the regulatory and operational challenges facing your healthcare clients. With access to numerous specialty markets and a responsive underwriting process, BSR is committed to helping agents deliver tailored solutions quickly and efficiently.
If you have a client who has been declined by standard markets due to claims history or specialty, or if you need a custom solution for a new telehealth practice, BSR can help you find the right fit.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for physicians, allied health professionals, outpatient facilities, and telemedicine providers, especially those with unique exposures or prior claims.
Is this program available on an admitted basis?
No, the Medical Malpractice program from BSR is written on a non-admitted basis through various specialty carriers.
What information is needed to submit a risk?
Typically, you’ll need a completed application, five years of loss history, and details about the insured’s operations, licensure, and specialties.
Can BSR help with hard-to-place or declined risks?
Yes, BSR specializes in complex and hard-to-place medical malpractice accounts, including those with prior claims or unusual practice profiles.
In which states is this program offered?
The program is available in over 35 states, including CA, FL, TX, NY, and IL. A full list is provided above.
Need help placing an account? Connect with a market specialist.