Protection from Financial Risks Associated with High-cost Healthcare Claims

As healthcare providers accept financial risk for healthcare outcomes of their patients through capitation or other risk arrangements, they may require insurance protection for the unforeseen.

Coverys Provider Excess Loss (PEL) insurance can help protect providers from the potential financial risks associated with high-cost healthcare claims.

PEL insurance covers physician groups, hospitals, and other medical providers taking contractual risk from either commercial payers or government entities, covering both high-cost claims as well as an unexpected volume of claims.

What Are the Benefits of Coverys PEL?

With PEL insurance, Coverys analyzes providers’ coverage needs, claim experience, and financial risk to assist provider organizations in helping to mitigate financial exposure.

Coverys’ PEL insurance offering includes the following benefits: 
  • Underwriting expertise – Our team understands the complexity of healthcare and can assess the total risk exposure. We provide individual assessments and tailor coverage for each provider's unique needs.
  • Experienced team of PEL experts – Our team has over 25 years of experience within the PEL industry specializing in underwriting, claims management, and providing support through clinical reviews.
Our PEL policy provides flexibility and mirrors the risk agreements for provisions such as contract periods, policy options, and coverage maximums.

Providers can choose from:
  • Specific only coverage.
  • Aggregate coverage.
  • Combined specific and aggregate coverage. 

The Coverys Difference

With 45+ years’ experience protecting healthcare and proven financial strength, you can be confident that Coverys can provide the protection and insights to deliver innovative risk-based products. We help our clients navigate an unpredictable healthcare market and share access to proven cost management resources.

Contact us for more information.