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Avoiding Malpractice Tips

BRAVO! BRAVO! BRAVO!

Aug 2, 2022 | Avoiding Malpractice Tips

Bravo! Bravo! Bravo!

The social work profession is noble and founded on service, integrity, and clinical expertise. At times, it can be a stressful and dangerous occupation. The nation is grateful for what you do, AND SO ARE WE! Thank you!

“Preferra Insurance Company: Best Affordable Rates”; (Source: BravoPolicy.com by BravoPolicy, May 23, 2022). BravoPolicy was referring to the Preferra Insurance Company RRG as rated in the #1 position nationally in this affordable rate category which provides Professional Liability, General Liability, and Cyber Liability policies in all 50 states. The Preferra Insurance Company RRG, is the only carrier in this market its policyholders own. That means dedication to the policyholders, not to Wall Street investors.

In its May 23, 2022, market evaluation, BravoPolicy included the Preferra Insurance Company RRG, as one of the “5 Best Social Work Malpractice Insurance Companies for 2022”. It is important to note that only two companies of the five companies listed as the five best companies are actual insurance carriers. The other three companies are merely dot com aggregators or insurance brokerage agencies. That means the Preferra Insurance Company RRG, is the best value insurance carrier in the social worker liability category.

Here is what BravoPolicy said based on its national evaluation of the market:

“NASW (Risk Retention Group) features liability coverage designed specifically for social workers. They offer a free risk management helpline, so you can talk to someone before a lawsuit is filed, plus legal defense support. They also offer discounted rates for students, and members of NASW also qualify for a discount”.

Very few insurance carriers in the nation sell Professional Liability, General Liability, and Cyber Liability insurance coverage directly to social workers, psychologists, and the Allied Health occupations. Unlike the Preferra Insurance Company RRG, they rely on distributors such as insurance agents, insurance agencies, brokerages, and online aggregators to sell their policies. These indirect distribution channels diminish the valued interaction and guidance policyholders need, specifically from their insurance carriers. Therefore, the insurance carriers are not directly connected with the critical needs and values of the policyholders.

The Preferra Insurance Company RRG, owned by its policyholders and with a customer-centric devotion, is closely bound to the welfare and success of the policyholders. In other words, we are like a family caring for each other. As another positive consequence, and within its mission, the Preferra Insurance Company RRG, has a differential advantage in customer service and sharp sensitivity to its policyholders’ needs. It provides the best custom-tailored legal defense in the industry.

Also, the Preferra Insurance Company RRG’s policies are the lowest cost and the most comprehensive because the insurance underwriting profits from the insurance policy premiums flow back to the policyholders instead of to Wall Street investors. These profits flow back to the policyholders in the form of lower premiums, more policy benefits, more comprehensive policy coverage, no deductibles, the best customer service, the best claims adjudication, the best legal advice, and legal representation, and a robust array of insurance education tools, training, and webinars through the Risk Retention Group’s “Insurance Enterprise Virtual Learning Center.”

We provide all this value while the Preferra Insurance Company RRG, maintains an “Excellent” A.M. Best insurance rating. For added security, SwissRE, the largest reinsurance company globally, stands poised and ready behind the NASW Retention Group with the best quality financial backing available anywhere.

As an affiliate of the NASW Enterprise, the Preferra Insurance Company RRG, is keenly aware of social workers’ needs and challenges. Our mission is to be the best for our policyholders’ lives and to help them overcome their challenges to heighten their success.”Excellence” is our mantra.

Avoiding Malpractice Tips

Monthly advice and information to help you manage risk. See list of past articles.

Resources and References

  • Are You Considering Teletherapy? Check out what you need to know BEFORE You start.
  • Have a question about your policy or need specific information, you can speak with a knowledgeable, licensed insurance representative by calling 888-278-0038.

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