Most dogs will fight an armed robber, but they often fear the vacuum cleaner. Dogs are helpful creatures in therapy, but when startled, anything can happen.
Don’t Let Your Dog Take A Bite Out of Your Wallet!
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Avoiding Malpractice Tips
Hospital Robes and Insurance Policies
The world of selling insurance is a truly fascinating one. Unfortunately for most people, while listening to an insurance seminar or sales pitch, their eyes start to glaze over with sleepiness within a minute. Today we’ll discuss buying insurance coverage and provide two “Pro-Tips.”
Why Is A Claims-Made Policy Like A Ruler?
Think of a Claims-Made Professional Liability policy as a “Ruler”. A ruler has a beginning point and an endpoint. The Claims-Made policy starts at a point and terminates at a point beyond.
Are You Aware of the New Risks of Cyber Liability and Breach of Patient Data Privacy?
A data beach is the release of secure information into an unsecure environment. This happens intentionally or unintentionally. A data breach or security incident occurs when confidential data such as patient records, or personal financial data is copied, transmitted, viewed, stolen, or used by an individual unauthorized to handle such information.
Professional Will – Update
Recently, there have been frequent questions from policyholders on the Preferra Insurance Company Help Line regarding the Professional Will subject.
The Three–Ring Special … Insurance Interrelationships
The Venn diagram illustrates the relationships in a finite collection of information sets. The same approach is applied to insurance risk when calculating the statistical probability of incidents.
Employee Wellness…What Is It and How Can My Practice Get Involved?
An October 2022 study published by the U.S. Surgeon General found that an increasing number of workers have growing and chronic stress struggling with balancing work with personal life.
What’s New With Your Annual Insurance Review?
This article focuses on the actual insurance coverage you have and not on the number of insurance policies or incident frequencies covered. We will focus on your professional risks.
Social Services Agencies – Specialty Lines Insurance Markets
In this article, let us consider your profession and the risks through the eyes of an insurance carrier. The carriers focus on four major lines of insurance: Property, Casualty, Life, and Health & Disability. Each has actuarial statistical models and decades of detailed loss experience data that predict and support the expected claims losses, benefits, and premiums.
The New Work-Life Balance and Your Insurance
How many of you in the post-COVID world continued therapy sessions permanently with remote therapy and perhaps in-person therapy in outdoor venues? Feedback from our policyholders says a lot! This new paradigm is here to stay.
What Did I Do Wrong?
Did you ever see those special occasion cards from lawyers that say, “Congratulations or Happy (you fill in the occasion), but we make no representations, guarantees, or warranties!” Their wish list for their lawsuit cases includes sympathetic judges, irrefutable evidence, no hostile witnesses, and friendly juries.
Value is a Function of (Price + Satisfaction Benefits)
Let’s discuss the value of packaging yourself while partnering with your insurance carrier. The classic marketing definition of value is based on the price paid for the good or service and the satisfaction derived from the benefits. Leading marketers, including insurance companies, sell their products and services as “benefits packets” or bundles of benefits. As crucial as selling “purchase value,” they sell “usage value.”
COVID-19 Notice
Preferra Insurance Company RRG, formerly NASW Risk Retention Group (NASW RRG) shares information based on our helpline inquiries, corresponding claims history, and an understanding of a varying nationwide professional state regulatory environment.
Due to COVID-19, many states have implemented or waived specific regulations; it is the individual professional's responsibility to research, implement, and monitor those regulations; and apply our risk management content as a consideration in your practice environment. Do not interpret this risk management material as any means to alter professional training, standards, nor any ethics information provided by your professional association.
Please understand, the NASW RRG makes no representations or warranties other than those stated to our current policyholders in the insurance policy contract. Please contact us if you have further questions.