Risk Retention Groups

Like dental practices, Risk Retention Groups (RRGs) are for Main Street and not Wall Street. The RRG structure allows the company to act differently than most publicly traded stock companies, which typically must split their focus between customers and shareholders. A RRG is a member-owned insurance company and is created under the federal Liability Risk Retention Act.  Members (policyholders) must be engaged in similar businesses and a large percentage of RRGs are healthcare related. A RRG is subject to the state insurance laws where it is domiciled and then registers in the other states in which it does business.

Being a RRG means we exist for the benefit of our members and provides the opportunity to share in the company’s favorable results.

RRG Benefits Include:

  • Owned by its members
  • Self-governance, dependability and reliability
  • Taking a long-term view and doing what is right for members
  • Profits can be distributed as dividends and/or kept in the RRG to grow capital base
  • Control over how claims are handled
  • Control over how premiums are set
  • Offer long-term rate stability
  • Efficient operations overhead costs
  • Flexibility to customize coverage as needed

Latest News

PracticeProtection Insurance Company Receives an A Rating

September 13, 2022: A Financial Stability Rating® (FSR) of A, Exceptional, has been assigned to PracticeProtection Insurance Company (a Risk Retention Group) by Demotech, Inc. This level of FSR is assigned to insurers who possess exceptional financial stability related to maintaining positive surplus as regards policyholders, liquidity of invested assets, […]

Complimentary Insurance for New Dentists from PracticeProtection

Paying for insurance probably isn’t the first or most exciting thing that graduating dentists have on their minds. To help with this, PracticeProtection is pleased to be able to offer new dentists who sign up with PracticeProtection full dental professional liability coverage for one year at no cost.* Call us […]

PracticeProtection Now Available to Texas Dentists

January 21, 2022 PracticeProtection Insurance Company (a Risk Retention Group) has completed its registration in Texas, making its dental malpractice insurance coverage available to Texas dentists and their practices. PracticeProtection is the exclusive official provider of professional dental liability insurance of the Indiana Dental Association and is already serving dentists […]
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