Healthcare Professional Services

What Healthcare Professional Services does

Healthcare Professional Services, Inc. (HPSI) is a privately-held wholesale insurance broker and managing general agent incorporated in Georgia that specializes in professional liability and general liability insurance for the healthcare industry. The company does not sell directly to healthcare providers; instead, it operates as a distribution intermediary, providing a nationwide network of producing insurance agents and brokers with access to over 40 insurance markets and a panel of A-rated carriers including MedPro, Chubb, CNA, Hartford, ProAssurance, MAG Mutual, and Kinsale. HPSI's core value proposition is its ability to place difficult-to-cover healthcare risks — physicians with claims history, license issues, or specialty exposures rejected by standard markets — by leveraging carrier breadth and a team with over 100 years of combined medical professional liability experience.

The company's product portfolio spans the full healthcare risk spectrum: core medical malpractice for physicians and surgeons, allied health professional coverage, facility-level products for surgery and imaging centers, senior care and home health, rehabilitation and life sciences, medical schools and emergency services, plus adjacent lines including cyber liability, E&O, D&O/EPLI, workers' compensation, and business owner's policies. Operations run from three Georgia offices (Suwanee headquarters, plus Oxford and Lawrenceville), with online quote portals and producer support tools facilitating placement. The company is closely held with no disclosed institutional investors, no parent company, and no funding history in the source data.

HPSI earns revenue through wholesale broker commissions paid by insurance carriers for business placed through its underwriting relationships, functioning as a managed services intermediary between carriers and producing agents. Pricing is individually underwritten per policy based on specialty, claims history, and coverage requirements, with no standard published tiers; cyber liability minimum premiums start at $600. The business model is fundamentally relationship-driven, dependent on agent recruitment and retention, carrier panel maintenance, and specialized underwriting expertise in non-standard medical risks — with no disclosed AI/ML capabilities, APIs, or proprietary technology platforms beyond basic online servicing.

Name

Healthcare Professional Services

Legal name

Healthcare Professional Services, INC.

Website

https://hpsi-ins.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

11–50 employees

Short description

HPSI is a Georgia-based wholesale insurance broker and managing general agent that places medical professional liability and related coverage through 40+ carrier markets, serving producing agents nationwide who represent healthcare providers.

Ownership category

akta.pro rank

Product category

Medical Malpractice Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Professional Liability (E&O) (FSAJAGAC)

akta.pro secondary industries

General Liability Insurance (FSAJAMAE), Directors & Officers (D&O) Liability (FSAJADAF), Professional Liability (Errors & Omissions) (FSAJADAB)

Keywords

• Medical malpractice insurance
• Professional liability insurance
• Wholesale insurance broker
• Healthcare insurance wholesale
• Commercial insurance distribution

Headquarters

HQ city

Lawrenceville

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Wholesale Broker Commissions: HPSI earns commissions from insurance carriers for placing business through their wholesale brokerage. As a managing general agent/underwriting manager, they facilitate insurance coverage placement for healthcare professionals and receive compensation from the insurance companies.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

HPSI is a wholesale insurance broker that places professional liability and general liability insurance for the healthcare industry. The company acts as an intermediary between insurance carriers (including MedPro, ProAssurance, MAG Mutual, Chubb, CNA, and others) and producing insurance agents, providing access to over 40 insurance markets and A-rated carriers. Coverage spans medical malpractice for physicians and surgeons, allied healthcare professionals, outpatient facilities, senior care, home health, telemedicine, cyber liability, and management liability lines.

Product overview

HPSI is a wholesale insurance broker specializing in professional liability and general liability insurance for the healthcare industry. The company offers access to over 40 insurance markets and 'A'-rated carriers through its network of producing agents. The product portfolio includes Professional Liability Insurance (medical malpractice for physicians, surgeons, and allied healthcare), General Liability, Cyber Liability/Data Security, Errors & Omissions, Managed Care/D&O/EPLI, Workers' Compensation, and Business Owner's Policies. Specialized programs cover Medical Schools & Ambulance Services, Senior Care Facilities/Home Health Care/Telemedicine, Rehabilitation Clinics & Pharmacies, Surgery/Imaging/Medical Clinics, and Allied Health Professionals. The company acts as a one-stop-shop broker providing tailored coverage solutions for difficult-to-place healthcare risks.

Differentiator

Problem solved

Functional benefit

Products and services

• Physicians & Surgeons Professional Liability Coverage Claims-made medical malpractice coverage for individual or group physicians, surgeons, and dental professionals, including difficult-to-place specialty exposures such as bariatric surgeons, emergency room physicians, correctional facility physicians, and teleradiology. Also covers medical staffing agencies.
• Allied Health Professionals Coverage Personal medical liability coverage for allied healthcare providers including podiatrists, dentists, oral surgeons, psychologists, CRNAs, nurse midwives, physician assistants, nurses, nurse practitioners, paramedics, EMTs, perfusionists, acupuncturists, optometrists, pharmacists, medical directors, and medispas.
• Surgery Centers / Imaging Centers / Medical Clinics Coverage Professional liability coverage for outpatient facilities including surgical centers, diagnostic imaging centers, MRI facilities, X-ray labs, CT scans, teleradiology groups, medical clinics, outpatient clinics, pain management centers, and wellness centers.
• Senior Care Facilities / Home Health Care / Telemedicine Coverage Coverage for adult care facilities, long-term care centers, nursing homes, assisted living, home health care services, hospice care, visiting nurse associations, and telemedicine services for physicians and allied healthcare professionals.
• Rehabilitation Clinics & Pharmacies Coverage Coverage for treatment facilities, rehabilitation centers, social service agencies, clinical trials, life sciences, retail/wholesale pharmacies, pharmaceutical consultants, and various healthcare facilities.
• Medical Schools & Ambulance Services Coverage Specialized coverage for medical schools, medical students, allied health programs, community hospitals up to 500 beds, air medical transport, ambulance services, and non-emergency ground medical transport.
• General Liability Insurance Coverage protecting healthcare businesses from third-party claims of bodily injury, property damage, and personal injury occurring on their premises or through their operations.
• Cyber Liability / Data Security Insurance Coverage for liability arising from loss of customer or employee data, including privacy and security liability, regulatory proceeding defense, privacy breach response services, website media content liability, PCI fines, network extortion threats, data asset recovery, and business interruption loss. Minimum premiums start at $600.
• Errors & Omissions Insurance Professional liability coverage for businesses facing claims of negligence or failure to perform professional duties, including Medical E&O, Non-Medical E&O, Medical Billing E&O, and Attorney Professional Liability.
• Managed Care / D&O / EPLI Coverage Management liability protection including Directors & Officers Liability (D&O), Employment Practices Liability Insurance (EPLI), and Managed Care Errors & Omissions for healthcare organizations.
• Workers' Compensation Insurance Coverage protecting healthcare businesses and employees from costs associated with workplace injuries and illnesses.
• Business Owner's Policy (BOP) Combined coverage package typically bundling property insurance and general liability protection for small to medium-sized healthcare businesses.

Quantifiable outcome

• Access to over 40 insurance markets for placing medical malpractice coverage
• +1 more outcomes

Segments10 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• A-Rated Insurance Carriers (Multiple)coreTechnology or IntegrationHPSI works directly with leading A-rated insurance companies including MedPro, NFM, ProAssurance, GenStar, MAG Mutual, TDC Specialty, Kinsale, Darwin, Chubb, CNA, Hartford, Ironshore, James River, and many others. These carrier partnerships enable HPSI to provide one-stop shopping and access to diverse insurance markets for healthcare professional liability coverage.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• ProAssurance: Major medical professional liability insurance carrier with nationwide reach. Listed as a key HPSI carrier partner; serves healthcare providers directly and through agents, overlapping significantly with HPSI's placement focus.
• MAG Mutual Insurance: Physician-owned medical professional liability insurance carrier serving healthcare providers nationwide. A key HPSI carrier partner that also operates in the same healthcare professional liability specialty.
• Arthur J. Gallagher: Global insurance brokerage with a healthcare practice providing professional liability, D&O, and cyber coverage. Serves as a broad incumbent with healthcare specialty distribution comparable to HPSI's agent-broker channel.
• Brown & Brown: Large diversified insurance brokerage with healthcare specialty practice offering professional liability and risk management. Overlaps with HPSI's healthcare professional liability distribution through producer channels.
• The Doctors Company: Largest physician-owned medical malpractice insurance carrier in the US. Operates as a broad incumbent in medical professional liability, overlapping with HPSI's core placement focus and carrier market.
• Medical Protective (MedPro): One of the largest direct medical professional liability insurance carriers in the US. HPSI lists MedPro as a key carrier partner, making MedPro a broad incumbent in the same specialty with both underwriting and distribution capability.

Direct peers

• CRC Insurance Services: Wholesale insurance broker specializing in niche and difficult-to-place risks, distributing through independent agents. Comparable to HPSI's specialty wholesale model and difficult-to-place risk expertise.
• RPS (Risk Placement Services): Wholesale insurance broker and MGA providing specialty insurance placement through producing agents. Comparable to HPSI as a wholesale distribution model serving niche and difficult-to-place risks including healthcare exposures.
• Amwins: Largest specialty wholesale insurance broker in the US, distributing through agents and brokers across multiple verticals including healthcare professional liability. Directly comparable to HPSI as a wholesale distribution intermediary with multi-carrier market access.

Emerging players

• Risk Strategies: Specialty insurance brokerage with a dedicated healthcare practice providing professional liability and related coverage. Comparable to HPSI as a specialty brokerage focused on healthcare risk placement through agents.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/HealthcareProfessionalServicesInc
• LinkedInlinkedin.com/company/healthcare-professional-services-inc-

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Healthcare Professional Services