Healthcare Risk Retention Groups

Healthcare Risk Retention Groups (RRGs) are specialized insurance companies owned and operated by healthcare providers, such as doctors, dentists, or clinics. They collectively share the risks of malpractice or liability claims among members, helping control insurance costs. RRGs are regulated by federal law but must meet certain state insurance requirements. By forming an RRG, healthcare providers can customize coverage, improve control over their insurance programs, and potentially reduce premiums. Essentially, they serve as a tailored, collaborative approach for healthcare professionals to manage their liability risks effectively.