Flexible coverage options with nationwide reach and protection
A Risk Retention Group (RRG) is an alternative liability insurance company owned by its members. Coverage is limited to members and liability exposure is spread across these providers. COPIC, A Risk Retention Group (COPIC-RRG) is managed and reinsured by us for multi-state coverage with one policy.
RRGs offer a different coverage option for larger, specialty-specific medical groups that operate and/or have facilities and staff in multiple states. Because they fall under the Federal Liability Risk Retention Act of 1986, they are domiciled in one state or Washington D.C. There are several benefits to forming an RRG:
- Nationwide reach and protection—An RRG insures members throughout the country by registering in all states where coverage needs to be written. This allows you to avoid the hassle of applying for coverage state-by-state.
- Return on investment—Members may benefit when there are favorable loss conditions that allow for the distribution of dividends or reductions in premiums.
- Ownership in business decisions—Because members are owners, they participate in the oversight of the RRG.
COPIC-RRG continues to expand into new states and offers the same benefits and services as COPIC's traditional medical liability insurance (claims/defense support, underwriting, patient safety and risk management, etc.).
