Save Big Medical Clinics Stop D&O Insurance Woes

The Role of Self-Insurance and Captive Insurance

For clinics seeking more control over their insurance costs, self-insurance or captive insurance arrangements may be viable options. Self-insurance involves setting aside funds to cover potential claims, offering flexibility and potential cost savings. Captive insurance, on the other hand, allows clinics to create their own insurance company to cover specific risks, providing customized coverage and potential tax benefits⁵.

While these options require a significant initial investment and careful management, they can lead to substantial long-term savings and greater financial predictability. Clinics interested in these alternatives should consult with financial advisors or insurance specialists to assess their feasibility and implementation.

By taking proactive steps to manage D&O insurance costs, medical clinics can not only safeguard their financial health but also enhance their operational resilience. Explore these strategies and see these options to transform your clinic's insurance strategy and reduce financial stress.