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INSURANCE BROKERAGE & RISK MANAGEMENT SERVICES Psychoanalyst Professional Liability Program ©EDGEWOOD PARTNERS INSURANCE CENTER | CA LICENSE 0B29370

INSURANCE BROKERAGE & RISK MANAGEMENT SERVICES...Longest Running & Largest Medical Malpractice MGA Program of its kind (over 40 years) • We are a Managing General Agent (MGA) •

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  • ©EDGEWOOD PARTNERS INSURANCE CENTER | CA LICENSE 0B29370 1©EDGEWOOD PARTNERS INSURANCE CENTER | CA LICENSE 0B29370

    INSURANCE BROKERAGE & RISK MANAGEMENT SERVICES

    Psychoanalyst Professional Liability Program

    ©EDGEWOOD PARTNERS INSURANCE CENTER | CA LICENSE 0B29370

  • ©EDGEWOOD PARTNERS INSURANCE CENTER | CA LICENSE 0B29370 2

    EPIC is a unique and innovative retail property & casualty and employee benefits insurance brokerage and consulting firm. EPIC has created a values-based, client-focused culture that attracts and retains top talent, fosters employee satisfaction and loyalty and sustains a high level of customer service excellence. EPIC team members have consistently recognized their company as a “Best Place to Work” in multiple regions and as a “Best Place to Work in the Insurance Industry” nationally. Backed by Oak Hill Capital Partners, the company continues to expand organically and through strategic acquisitions across the country.

    For additional information, please visit www.epicbrokers.com.

    ABOUT EPIC

    http://www.epicbrokers.com/

  • ©EDGEWOOD PARTNERS INSURANCE CENTER | CA LICENSE 0B29370 3

    ABOUT PSYCHANALYST PROGRAM

    • Longest Running & Largest Medical Malpractice MGA Program of its kind (over 40 years)

    • We are a Managing General Agent (MGA)• Program hosts over 1,500 clients within the unit• Our unit has 3 dedicated, long-term, and experienced employees• Endorsed by the following trade associations for psychoanalysts

    - American Psychoanalytic Association (APsaA)- American Society of Psychoanalytic Physicians (ASPP)- American Academy of Psychodynamic Psychiatry and

    Psychoanalysis (AAPDPP)• Enrollment now open to all psychoanalysts & psychoanalysts in

    training including psychologists, social workers, psychiatrists, and other mental health professionals

  • ©EDGEWOOD PARTNERS INSURANCE CENTER | CA LICENSE 0B29370 4

    PROGRAM HIGHLIGHTS

    Additional Coverages• Coverage for psychoanalysis, psychotherapy, and psychiatric services• Policy written on an occurrence basis – no need for tail coverage• Defense costs outside policy limit• Coverage for telemedicine• Premises liability• No deductible• No exclusion for sexual misconduct• Administrative Hearing coverage with option for higher limits• Coverage for Billing E&O (Pending in AZ, CO, and FL)• HIPAA Defense Coverage (Pending in AZ,CO, and FL)

  • ©EDGEWOOD PARTNERS INSURANCE CENTER | CA LICENSE 0B29370 5

    OUR DIFFERENTIATORS

    MARKET ACCESS INDUSTRY SPECIALIZATION EXPERT CLAIMS MANAGEMENT

    Our program comprises a unique design of available

    coverages at a highly competitive price point.

    Psych Program has been around since 1972. We have established our

    impeccable reputation due to our commitment to

    our clients. Professional, efficient and rapid

    response time. Customer service team comprised of highly trained individuals dedicated to servicing

    clients need.

    Experienced team of claims professionals with expertise in

    tackling the most complicated and diverse

    coverage scenarios. Team of claims attorneys work as the client’s advocate in every step of the claims process.

  • ©EDGEWOOD PARTNERS INSURANCE CENTER | CA LICENSE 0B29370 6

    MARKET ACCESS

    The EPIC Psych Unit is the largest Program of its kind. The program has been in existence for over 47 years.

    As Managing General Agents we:

    1 2

    3 4

    Deal directly with consumer as underwriters. This reduces cost and increases response time.

    Have acquired a heightened level of expertise that enables us to identify exposures ensuring our clients are insured properly.

    Hold significant leverage with the insurance companies due to our size and volume.

    Enhanced data analytics and tech-driven processes enable us to deliver our products and services in a more efficient, yet cost-effective manner.

  • ©EDGEWOOD PARTNERS INSURANCE CENTER | CA LICENSE 0B29370 7

    INDUSTRY SPECIALIZATION

    • The Psych Division houses three dedicated employees specifically trained and well-versed in the many diverse exposures experienced in the mental health care industry.

    • We pride ourselves on being proactive, not reactive. Our clients come first – and they know it and feel it in our dealings with them each and every day.

    • Processes and workflows in place ensure that the clients needs are met in a timely and efficient manner.

    • Technology and data driven analytics speed the underwriting and quotation processes.

    • Customer additional services i.e. claims and risk management, are coordinated with direct account executives to ensure transparency and enhanced response time.

    • Senior management oversight and involvement in all aspects of client management and engagement ensures 100% customer satisfaction.

    The Psych Service Platform is built on the sole premise that the customer always comes first.

  • ©EDGEWOOD PARTNERS INSURANCE CENTER | CA LICENSE 0B29370 8

    EXPERT CLAIMS MANAGEMENT

    • Claims Professionals: Dedicated experts in Professional Liability/ Medical Malpractice

    - Proactive NOT reactive- Your liaison and advocate with the insurance carriers- Aggressive in terms of obtaining coverage positions and settlement and

    adjudication of open claims

    • Claim Advocacy: Negotiation with carrier on reservation of rights or coverage denials

    • Claim Review/Audits: Regularly scheduled reviews of reserve accuracy, proper investigation, litigation management and subrogation

    • Special Claim Handling Instructions: To maximize efficiency and quality, we customize the approach to claims handling with the carrier

    • Trend Analysis: Track and monitor any trends in terms of claims i.e. size, causes, coverage issues, etc.

  • ©EDGEWOOD PARTNERS INSURANCE CENTER | CA LICENSE 0B29370 9

    WHY CHOOSE PSYCH

    Risk Management & AvailabilityOne on one phone consultation to help with claims/liability

    Partnering with a Top 10 National BrokerBy joining the EPIC family we have endless resources to offer our clients and no geographic boundaries

    Our Service PlatformExclusive program tailored to fit many diverse exposures

    that exist in the world of mental health, expert claims services as well as risk management services

    Advantages of Working With an MGA

    Exclusivity, quicker turnaround time

    to placement, better broader coverage terms

    and more competitive prices

    Industry ExpertiseA team well-versed in mental

    health care, holding unique expertise in insurance

  • ©EDGEWOOD PARTNERS INSURANCE CENTER | CA LICENSE 0B29370 10

    THANK YOU FOR YOUR TIME

    Kenneth C. Hegel JrExecutive Vice President

    Cosmetic Insurance Services, Psych, & Lawyers Professional Liability Programs210 Hudson Street, Suite 601

    Jersey City, NJ 07311(201)356-0057

    [email protected]

    mailto:[email protected]?subject=Pscyhoanalyst%20Program%20Deck

    INSURANCE BROKERAGE & RISK MANAGEMENT SERVICESSlide Number 2ABOUT PSYCHANALYST PROGRAMPROGRAM HIGHLIGHTSOUR DIFFERENTIATORSMARKET ACCESSINDUSTRY SPECIALIZATIONEXPERT CLAIMS MANAGEMENTWHY CHOOSE PSYCHTHANK YOU FOR YOUR TIME