Our Value Proposition
Vision Statement
Orientation
Modules
Risk Management Rounds
Affiliates
Key Performance Indicators
Claims Reduction
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About KLN's Value
"Revolutionizing Malpractice Insurance Brokerage Services"
- KLN Specialty Insurance, through its affiliation with Medical Risk Management, LLC, offers its clients both traditional brokerage services and risk management expertise.
MRM has played a vital role in our risk management (...) since 2003 our involvement in MRM's program has resulted in improved patient safety, a 70% reduction in malpractice claims and a premium reduction of almost 60% which has resulted in annual premium savings of over $3million dollars. The return on our investment has been extraordinary."
Jack Reed
CEO, ProHealth Physicians
Jack Reed
CEO, ProHealth Physicians
KLN's Value Proposition- KLN leverages its risk management expertise to deliver value added education and risk reduction solutions to its clients.
- The conventional brokerage model offers no meaningful risk management support.
- KLN provides clients assistance in securing medical malpractice insurance, and establishes a proactive risk management program.
| KLN Service Comparison | Standard Agency Services | KLN Specialty Insurance Services |
|---|---|---|
| Standard Insurance Services | ||
| Access to Markets | Yes | Yes |
| Account Service (certs, incident reporting, adds/deletes, policy services) | Yes | Yes |
| Insurance Service Hotline | Yes | Yes |
| Annual Policy Review - Premium / Coverage | Yes | Yes |
| Risk Management Tools and Staff Support | ||
| Practice Risk Assessment and Report | N/A | Yes |
| Risk Management Toolbox (customized by specialty) | N/A | Yes (annual updates) |
| Establish and Staff Risk Management Committee | N/A | Yes |
| Maintain CVR and Incident Reports | N/A | Yes |
| Risk Management Education (CME approved) | ||
| Specialty-specific Risk Management Orientation (web based) | N/A | Yes |
| Specialty-specific Risk Management Orientation (live - 1.5 hours) | N/A | Yes |
| Access to Web-based Risk Management Education Modules | N/A | Yes (2/year) |
| Risk Management Rounds Session (live - 1.5 hours) | N/A | Yes (1/year) |
| Compliance Monitoring and Reporting | N/A | Yes |
| Web-based "Risk Alerts" | N/A | Yes |
- KLN's risk management services result in improved loss experience and patient safety.
- The program fosters long term partnerships among the broker, carrier and client. The foundation for the partnership is aligned incentives to improve patient safety and reduce malpractice losses. KLN clients have access to value added services as a standard part of KLN's brokerage services.
