Why Behavioral Health Providers and Facilities Rely on Addiction Treatment Providers Insurance Program
Posted on: October 7, 2020 by Addiction Treatment Providers
ATP Program Director Krista Mayes addresses the top five questions about our appetite, underwriting and top-notch coverage and service.
For more than 15 years, Addiction Treatment Providers (ATP), a program built by NSM Insurance Group, has been solely focused on delivering best-in-class coverages for the addiction treatment and mental health providers who serve our communities. While our coverage is second to none, it’s our underwriting expertise, service standards and dedicated claims handling that truly set us apart. No two treatment facilities are exactly alike, and our team has the knowledge and experience to recognize the needs of each and work in tandem with our agency partners to ensure we deliver the best program.
Question 1: What classes do you cover?
Krista Mayes: Our program is tailored to the behavioral health sector, which encompasses addiction treatment and mental health communities of providers and facilities. Within the addiction treatment sector, we have a particular focus on residential addiction treatment facilities, IOPs (Intensive Outpatient Programs), PHPs (Partial Hospitalization Programs), outpatient programs, MAT (Medication Assisted Treatment) — also referred to as methadone clinics — and sober living homes. We also have capacity for outpatient mental health facilities and programs. Our portfolio includes a broad spectrum of treatment providers offering a mix of programs and services across all demographics, demonstrating our commitment to supporting the variety of organizations that play a critical role in serving others throughout the behavioral healthcare sector.
Question 2: Do you write in all states?
Krista Mayes: Almost! The only state in which our program is not filed is New York.
Question 3: What size accounts do you target?
Krista Mayes: We have the flexibility, expertise and capacity to insure any size risk. Our account sizes mirror the diversity of the sector we insure. We have a $5,000 minimum account premium and write accounts over $1M in premium. The bulk of our portfolio falls into the middle market category between $35,000 and $200,000 in annual premium.
Question 4: What lines of coverage do you offer…and what about workers’ compensation?
Krista Mayes: We offer an enhanced package policy including general liability, abuse/molestation and professional liability (including primary coverage for scheduled physicians) — and all coverage can be written on an occurrence or claims made basis. The package also includes property, inland marine, auto and umbrella. In addition to these key coverages with our exclusive carrier, we can also help provide solutions for cyber liability and accident and health coverage for participants and volunteers.
All policies provided by ATP qualify to be included in the 0%-interest premium finance option that we offer through First Insurance Funding, making managing the payment of various policies a simple, single pay process.
While ATP does not write workers’ compensation directly, our parent company NSM Insurance Group does offer the AllComp program. AllComp is exclusively focused on writing workers’ compensation coverage for niche industries and sectors including the behavioral health sector.
Question 5: Who is your carrier partner…are they A-rated?
Krista Mayes: All NSM Insurance programs partner with only top-rated, financially strong carriers. ATP’s exclusive carrier partner is Allied World Insurance Company, a Fairfax Company. Allied World is currently rated “A (Excellent)” by A.M. Best and has the financial strength to ensure customers are protected by a company poised to handle risk, overcome any market conditions and stand by their promise to protect their assets.
Do you have your own question for Krista? Or would you like to learn more about the Addiction Treatment Providers Program? You can reach out to her or send a submission directly to our team using the links below.
Krista Mayes, ATP Program Director