North Carolina Policyholders: Notice to policyholders recently affected by severe weather. 

Personalized Risk Assessment

Help reduce risk and potentially save money with a Personalized Risk Assessment.

Request an Assessment

A Personalized Risk Assessment (PRA) helps identify opportunities to limit or reduce your risk of medical malpractice actions. 

The goal of the PRA is to provide a heightened awareness of risk areas in your practice and to improve patient safety. Policyholders can request an onsite Personalized Risk Assessment (PRA) to help:

  • Identify potential areas of risk in your practice
  • Determine your risk tolerance level
  • Identify needed risk management activities

Premium Discounts

Physicians may qualify for a premium discount* with an overall score of 70% or better. The discount is based on the score achieved during the on-site PRA. Discounts are applied to policy renewal when the PRA is completed at least 90 days prior to your renewal date.  Discounts are valid for three years.

Assessment Topics 

The topics covered during the assessment include:

  • Medication Management
  • Quality/Patient Safety
  • Tracking Systems
  • Patient Care Documentation
  • Communication 

The PRA Process

Ready to get started? Here’s what to expect.

  1. First, request an onsite Personalized Risk Assessment (PRA)
  2. A Professional Solutions risk manager will contact you to schedule an appointment.
  3. Prepare for your onsite PRA.
  4. The day of your assessment will include:
    1. Answering a series of questions from risk manager (approximately 45 minutes)
    2. Reviewing policy and procedure documents (approximately 30 minutes)
    3. Reviewing select, random patient medical records for each physician (approximately 30-45 minutes per physician)
    4. Exit meeting, which includes verbal report of findings (30 minutes)  
  5. The final assessment is emailed to the physician or designated office personnel

* Some restrictions apply if you are receiving other discounts.

Additional disclaimers and clarifications apply to the Professional Solutions risk management offerings: Discount can be earned by taking Professional Solutions-produced courses or Professional Solutions courses provided by approved companies. Access for these courses is available through the Professional Solutions website. The maximum risk management discount earned in any given calendar year cannot exceed 15%. All risk management offerings must be completed at least 90 days prior to the renewal date. Those who receive a risk management discount will not be eligible to receive the experience rating modification. The total of all discounts and/or credits used in conjunction with the risk management discount will not exceed 70%. Physician office staff are invited to attend all activities, but to earn any discount, the activity must be completed by the physician. Staff cannot earn discounts on behalf of a physician. Courses that are approved for continuing medical education (CME) credits will be noted accordingly. All discounts, with the exception of the Personalized Risk Assessment are in effect for one (1) calendar year. 

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