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Insurance Products
Insurance to fit your
specific needs.
Upon your purchase of a segregated portfolio (or cell) in PRASEC, your group attains access to PRASEC’s insurance products.
Directly Written Products.
PRASEC has constructed directly written products which enable its clients to gain protection from specific losses which may not be covered, or not covered to an acceptable level, by typical insurance policies.
- Medical Billing Errors and Omissions Liability Insurance
- This policy is designed to give physician and medical billing organizations protection from a judgment made against it by the United States Office of the Inspector General. It provides for defense, indemnity and other payments.
- Sexual Harassment Liability Insurance
- This insurance coverage is designed to supplement a typical Employment Practices Liability insurance policy. It is offered either on a primary or secondary (excess) coverage basis, and offers protection from a judgment resulting specifically from a Sexual Harassment charge levied against an organization.
Reinsurance Products.
Through partnership with major insurance carriers, PRASEC can afford its clients the opportunity to risk share on specific insurance coverages. By reinsuring risk through a PRASEC cell, medical groups can turn what was previously a straight expense item into a long-term investment growth vehicle.
- Medical Malpractice Liability
- PRASEC is able to construct a risk sharing arrangement with primary insurance carriers, allowing for the retention of a portion of the risk for medical groups in exchange for a significant premium cede.
For more information about PRASEC or the ownership of a segregated cell, please email us or call PSCS at 516-945-3120.