Mental Health Risk Retention Group

What Mental Health Risk Retention Group does

Mental Health Risk Retention Group, Inc. (MHRRG) is a policyholder-owned liability insurance company structured as a Risk Retention Group (RRG) under the federal Liability Risk Retention Act. Founded in 1993 and headquartered in Roseland, New Jersey, MHRRG has specialized for over 30 years in providing professional liability, general liability, and directors & officers liability insurance to behavioral healthcare organizations and social service non-profits in the United States. The company is exclusively endorsed by the National Council for Mental Wellbeing and mhca, and its underwriting operations are managed by Negley Associates.

MHRRG's core product portfolio includes Professional Liability, Commercial General Liability, D&O Liability with Employment Practices Liability, Cyber/Data Breach Liability, Property, Non-Owned Auto, and Excess/Umbrella coverage. Beyond insurance, the company layers in a proprietary risk management suite: a hotline staffed by General Counsel Ronald K. Zimmet, an Individualized Risk Management Program (IRMP), an e-learning platform, a 5-minute loss prevention video series, complimentary Praesidium Guardian certification in abuse prevention, a Caring Contacts suicide prevention initiative with grant funding, and a Risk Management Grants program for policyholders. The technology stack centers on standard insurance policy management, claims processing, and risk management content delivery rather than any disclosed proprietary AI/ML capability.

MHRRG generates revenue through recurring insurance premiums paid by behavioral healthcare organizations and social service agencies, with policy pricing customized to each insured's risk profile. Distribution is exclusively through a broker/producer network that submits applications via Negley Associates, supplemented by a premium finance partnership with Flatiron Capital. The company is governed by a board composed primarily of CEOs from behavioral health member organizations, with Nicholas Bozzo serving as President. MHRRG is a private, mutual-style insurer with no external funding rounds, no subsidiaries, and no disclosed revenue figures.

Name

Mental Health Risk Retention Group

Legal name

Mental Health Risk Retention Group, Inc.

Website

https://mhrrg.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

11–50 employees

Short description

Mental Health Risk Retention Group (MHRRG) is a policyholder-owned liability insurance company, established 1993, providing professional, general, and D&O liability coverage exclusively to U.S. behavioral healthcare organizations and social service non-profits, distributed through a broker network and endorsed by two national mental health associations.

Ownership category

akta.pro rank

Product category

Specialty Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Professional Liability (E&O) (FSAJAGAC)

akta.pro secondary industries

Directors & Officers (D&O) Liability (FSAJADAF), General Liability Insurance (FSAJAMAE)

Keywords

• Behavioral healthcare liability insurance
• Professional liability coverage
• Risk retention group
• Social services insurance
• Directors and officers coverage

Headquarters

HQ city

Roseland

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premiums: MHRRG generates revenue through insurance premium payments from policyholders. As a risk retention group owned by its policyholders, the company collects premiums for professional liability, general liability, and directors & officers liability coverage. Premiums are paid by behavioral healthcare organizations and social service agencies seeking liability protection.
2. Premium Financing Services: Through partnership with Flatiron Capital, MHRRG offers premium finance solutions allowing insureds to pay premiums in installments (25% down payment plus 9 installments). This generates fee income from the financing arrangement.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

MHRRG is a liability insurance company owned by its policyholders that specializes in providing professional liability, general liability, and directors & officers liability coverage to behavioral healthcare and social service non-profit organizations. The company complements its insurance policies with value-added risk management resources, including a hotline staffed by General Counsel, an Individualized Risk Management Program (IRMP), suicide prevention tools, and complimentary certifications.

Product overview

Mental Health Risk Retention Group (MHRRG) operates as a liability insurance company owned by its policyholders, offering a comprehensive portfolio of insurance products and risk management services for the behavioral healthcare and social services sector. The core product suite includes Professional Liability Insurance, Commercial General Liability Insurance, Directors & Officers Liability Insurance (with EPLI), and Excess/Umbrella coverage. Additional offerings encompass Property Insurance, Cyber Liability, and Non-Owned Automobile coverage available through Negley Associates. Beyond insurance, MHRRG provides value-added services including a Risk Management Hotline, Individualized Risk Management Program (IRMP), E-Learning platform, 5-Minute Video Series, and specialized initiatives such as the Praesidium Guardian Certification and Caring Contacts Suicide Prevention Program. The company also offers a Premium Finance Option through Flatiron Capital and a Risk Management Grants Initiative for policyholders. MHRRG is exclusively endorsed by the National Council for Mental Wellbeing and mhca.

Differentiator

Problem solved

Functional benefit

Brands

• Caring Contacts: Suicide prevention initiative providing evidence-based tools and resources including text message outreach programs for behavioral health organizations
• Praesidium Partnership
• IRMP
• Grants Initiative

Products and services

• Professional Liability Insurance Covers liability for damages arising from the rendering of or failure to render professional services. Protects organizations, professionals, and employees in the course of providing professional services to clients, covering damages and defense costs. Targeted at behavioral healthcare and social service providers.
• Commercial General Liability Insurance Covers liability claims of bodily injury or property damage, including Premises and Operations Liability and Products and Completed Operations Liability. Designed for behavioral healthcare facilities and social service organizations.
• Directors & Officers Liability Insurance Provides financial protection for directors and officers of the insured organization in the event they are sued in conjunction with the performance of their duties. Bundled with Employment Practices Liability and Fiduciary Liability coverage.
• Employment Practices Liability Insurance (EPLI) Provides broad insurance protection from employment-related claims and lawsuits brought against a company, its managers, employees, and directors, including harassment and discrimination suits. Included within MHRRG's D&O coverage.
• Cyber Liability / Data Breach and Privacy Liability Insurance Insurance protection against data breach and privacy liability claims. Made available through Negley Associates to behavioral healthcare and social service insureds.
• Property Insurance Covers loss or damage to physical property and loss of income-producing ability, including building coverage, business personal property, and business income coverage. Available through Negley Associates for policyholders.
• Non-Owned & Hired Automobile Coverage Supplemental automobile liability coverage for vehicles not owned by the insured but used in business operations. Available as a supplemental application for behavioral healthcare and social service organizations.
• Excess Liability and Umbrella Insurance Provides additional liability insurance limits excess over underlying policies such as general liability, professional liability, automobile liability, and employers' liability. $4,000,000 of additional limits available.
• Risk Management Hotline Free hotline service staffed by Ronald K. Zimmet, General Counsel for MHRRG, providing guidance to insureds on preventing liability claims. Available to all policyholders.
• Individualized Risk Management Program (IRMP) Personalized risk management program providing customized risk assessment and prevention strategies for each insured organization with login-based access to manage risk management plans.
• Caring Contacts Suicide Prevention Program Free evidence-based suicide prevention program providing tools, resources, and grants for behavioral health organizations, including the Caring Contacts automated text message outreach system.
• Praesidium Guardian Certification Complimentary certification in organizational abuse prevention sponsored by MHRRG for one staff member per insured organization at no cost.
• Premium Finance Options Premium payment solution through partnership with Flatiron Capital, featuring competitive rates, 25% down payment, 9 installments, and 24/7 online account management.
• Risk Management Grants Initiative Grant program for policyholders supporting safety training, risk reduction equipment, prevention initiatives, and innovative safety projects.

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core, flagship and minor.

• Negley AssociatescoreImplementation/ SI/ Consulting PartnerNegley Associates serves as the exclusive underwriting manager for MHRRG. They provide comprehensive insurance solutions for the behavioral healthcare industry and manage the day-to-day underwriting operations. Located in Roseland, NJ, they handle new business submissions, policy servicing, and broker relationships.
• National Council for Mental WellbeingflagshipStrategic or Co-development PartnerNational Council for Mental Wellbeing is one of two associations that have officially endorsed MHRRG. This endorsement provides credibility and access to community mental health centers nationally. MHRRG and Negley Associates are exclusively endorsed by this organization.
• mhca (National Council for Mental Health Centers)flagshipStrategic or Co-development Partnermhca (National Council for Mental Health Centers) is one of two associations that have officially endorsed MHRRG. This endorsement provides credibility and access to community mental health centers nationally. MHRRG and Negley Associates are exclusively endorsed by this organization.
• PraesidiumcoreStrategic or Co-development PartnerPraesidium provides organizational abuse prevention certification that MHRRG offers complimentary to its policyholders. MHRRG sponsors one staff member from each insured organization to become a Certified Praesidium Guardian at no cost, demonstrating shared commitment to creating safer environments.
• Mazanec, Raskin, Ryder & Keller Co., LPAminorImplementation/ SI/ Consulting PartnerLaw firm partner contributing to the loss prevention video series and hotline services for MHRRG insureds, providing legal expertise in risk management for behavioral healthcare.
• David Lawrence Centers for Behavioral HealthminorOthersFirst grantee recipient of MHRRG's Caring Contacts suicide prevention program. MHRRG funded this organization for implementation of a Caring Contacts program designed to provide outreach through text messages reiterating that each individual is important and cared for.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• ProAssurance Corporation: Specialty Property and Casualty insurer with a major healthcare professional liability book. Comparable to MHRRG as a specialty healthcare liability underwriter, with additional scale and diversification across other lines.
• The Doctors Company: Largest physician-owned medical professional liability insurer in the U.S. Comparable as a mutual/policyholder-influenced specialty liability carrier for healthcare providers, though broader in scale and scope than MHRRG's behavioral health focus.
• Tokio Marine HCC - Specialty Insurance Group: Large specialty insurer underwriting professional liability, D&O, and specialty casualty lines including healthcare and human services exposures. Comparable to MHRRG's product portfolio, with much broader scale and cross-line capabilities.

Direct peers

• Coverys: Medical professional liability insurance carrier serving healthcare providers and organizations. Highly comparable to MHRRG as a specialty liability underwriter focused on healthcare exposures, with similar risk management and education services bundled into coverage.
• HPSO (Healthcare Providers Service Organization): Provides professional liability insurance for individual healthcare providers including counselors, social workers, and behavioral health practitioners. Comparable to MHRRG in addressing liability for behavioral health professionals, though focused on individual rather than organizational coverage.
• NORCAL Mutual Insurance Company: Medical professional liability carrier for physicians and healthcare entities, offering risk management services and mutual ownership. Comparable structure and product set to MHRRG, just focused on a different healthcare vertical.
• American Professional Agency (APA): Underwrites professional liability insurance for mental health and social service professionals. Directly comparable to MHRRG in serving behavioral health liability needs, though primarily individual practitioners rather than organizational policyholders.

Emerging players

• Applied Medico-Legal Solutions (AMLS): Specialty risk management and insurance solutions firm focused on behavioral and mental health providers. Comparable to MHRRG in targeting behavioral health liability exposure with bundled risk management content, though smaller and less established.
• Pinnacle Risk Management Services: Specialty insurance and risk management provider for behavioral health, social services, and intellectual/developmental disability providers. Comparable to MHRRG in vertical specialization and bundled risk management offerings for the same customer base.

Regional players

• Public Risk Underwriters of North Carolina: Specialty insurer providing liability coverage for public entity and human services organizations including community-based behavioral health providers. Comparable to MHRRG's focus on social services and community organization liability.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/mhrrg

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

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 Mental Health Risk Retention Group