Risk Retention Group

LifeSpan Network’s Risk Retention Group is an insurance company formed by organizations operating similar types of businesses. These companies join together as policyholders which own the insurance company. Our group is owned by our participating LifeSpan members.

Our Risk Retention Group provides general and professional liability insurance, allowing participants to put aside money to pay their own claims, or self-insure.

By self-insuring members can save money because premiums are less affected by the outside market (losses in other states, etc) and because expenses are less than commercial carriers. Additionally, our Risk Retention Group allows unused premiums to be reinvested to reduce future premiums.