The Challenges of Insuring Healthcare Staffing Companies

Placing You First Insurance Podcast by CRC Group

The pandemic exacerbated healthcare staffing shortages, pushing many organizations to rely on staffing agencies for help. However, this can increase the risk of claims. Because claim severity continues to be an issue, many markets have narrowed their appetite or chosen to exit the sector entirely, creating a harder insurance landscape for healthcare staffing. We're going to talk about all this and more with our guests Jason Lewis, President of CRC Denver and National Healthcare Practice Leader for CRC Group, Shavarra Davis, a Broker with CRC Group’s Norcross, GA office specializing in Professional Liability and Medical Malpractice, and Josh Anderson, an Associate Broker with CRC Group’s Chicago Office specializing in Healthcare Liability.
Featuring:
Jason Lewis - Office President, CRC Denver
Shavarra Davis - Broker, CRC Norcross
Josh Anderson - Associate Broker, CRC Chicago
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Chapters

1. The Challenges of Insuring Healthcare Staffing Companies (00:00:00)

2. How did COVID impact healthcare staffing? (00:01:34)

3. Anything else? (00:02:20)

4. Will hiring staff from an outside agency complicate insurance complexity? (00:03:24)

5. Are we looking at a healthcare system comprised mostly of agency staffing "hired guns?" (00:05:25)

6. What's the bottom line for the insurance market in general? (00:08:17)

7. How does using an outside agency contribute to insurance complexity? (00:09:04)

8. What effect has all this had on specific classes, and the market in general? (00:10:24)

9. What do agents need to be aware of when working on these accounts? (00:11:48)

10. Which sectors are most impacted by all of this? (00:13:04)