FAQs
What is the Academic Group?
The Academic Group is a member-owned professional liability insurance organization owned and governed by physicians and allied medical and dental professionals to meet the unique needs of teaching faculty. The independent companies operating under the Academic umbrella include Academic Health and Academic Exchange, and Academic Solutions, a wholly owned subsidiary of Academic Health, providing a full array of insurance services to members, including underwriting, financial management and claims administration. The Group provides coverage to members through Academic Health in New York and nationally through the Vermont-based Academic Exchange.
Where is insurance from Academic available?
Academic provides insurance services to teaching physicians, dentists, residents and allied health professionals. Registration is available in all 50 states through its Vermont-based Risk Retention Group and affiliated companies.
Who qualifies for coverage from Academic?
Academic offers professional medical liability insurance to full-time medical and dental school faculty,
residents, foreign physicians training or practicing in the United States, and allied
healthcare professionals. Coverage may be designed for an entire medical school faculty, a clinical department, or,
in some cases, for individual faculty members.
New programs for non-academic physicians and surgeons.
The Risk Retention Group, Academic Exchange, may now consider enrollment of private physicians on an individual or group basis. Contact Steven Capone, Vice President & Senior Underwriter, steve@academicins.com for more details.
How does Academic provide the same level of coverage as its competitors while charging more competitive premiums?
Academic is governed by physicians for physicians, dentists, and allied professionals. We understand the academic risk environment and the demands faced daily by clinical educators. This, in turn, has translated into better risk management and a lower loss history for our members. Because we are member-owned, those savings can be passed along to Academic subscribers in the form of lower premiums.
What types of coverage does the company offer?
Academic coverage and limits are designed to meet the applicable standards of the jurisdictions in which its members work and teach, with underwriting working to tailor policies to each customer's specific needs.
How do I know coverage from Academic will be around when I need it?
We have a demonstrated ability to understand and manage risk in the medical school environment.
Academic Health has been around since 1991, doing business initially in New York State, what is perhaps the country's most challenging claims and operating environment. The company was originally licensed to do business on November 27, 1990 by the New York State Department of Insurance.