As the U. S. population continues to grow and age, the healthcare industry faces increasing pressures on a wide range of insurance and risk management issues. At Wortham, we have developed a specialized practice dedicated to serving as an insurance broker and risk management advisor to virtually every segment of the healthcare industry - from large hospital systems and academic medical institutions to physician group practices to long term acute care and assisted living facilities.
For more than four decades, Wortham has developed and managed insurance programs for healthcare professionals and organizations. Our healthcare practice includes senior partners, technical experts and marketing specialists who bring significant expertise in working with the healthcare industry.
We take pride in serving as an active business partner to our healthcare clients and focus on understanding each client´s unique requirements. In Texas, for example, we design professional liability programs in response to the strong tort reform implemented in the state. Under our programs, we utilize deductibles and retentions specially tailored to our clients´ needs to maximize premium savings. For healthcare properties that face exposure to large catastrophe loss, our property specialists have extensive access to global markets to provide capacity and innovative, cost effective coverages. To protect our clients from employee injury exposures, we leverage Wortham´s long-term working relationships with major carriers to obtain competitive worker´s compensation programs. Our team also supports clients with programs to prevent injuries and assist injured employees in their safe recovery and return to work.
In addition, we have technical expertise in medical product liability and assist our clients in placing the right solutions for their medical products, including pharmaceuticals and durable medical equipment. For clients where a captive insurance company can meet their requirements, our team assists them with a feasibility analysis and establishment of their own captive. We also guide clients who already use a captive insurance company in maximizing the value of the captive.
Wortham handles all lines of coverages and risk management solutions for healthcare firms and professionals, including:
- Workers compensation
- General liability
- Excess liability/umbrella
- Products liability for medical products, including pharmaceuticals and durable medical equipment
- Business interruption
- Surety bonds
- Employee benefits
- Construction projects
- Professional indemnity
- Directors & officers liability
- Medical professional liability
- Fiduciary liability
- General partnership liability
- Employment practices liability
- Kidnap, ransom and extortion
- Managed care liability
- Medicare reporting liability
- Cyber liability