Insurance Company, Ltd.
SUMIT Insurance Company, LTD. is a captive insurance company wholly owned by Stanford Hospital & Clinics and Lucile Packard Children’s Hospital at Stanford. SUMIT provides medical professional liability, hospital professional liability and general liability insurance to the Stanford University Medical Center, which consists of Stanford Hospitals & Clinics, Lucile Packard Children’s Hospital and the Stanford University School of Medicine, their employees and faculty physicians.
SUMIT is managed by The Risk Authority Stanford (TRA Stanford), which also serves as the risk, claims and finance service provider for SUMIT. TRA Stanford comprises a highly experienced team of professionals holding advanced clinical and legal degrees in risk management services.
The goal of SUMIT is to be the world’s leading healthcare captive insurance company, focused on the needs of our insureds and their patients.
We are here to help. Call SUMIT when you:
- Experience a serious and unexpected adverse event.
- Receive legal documents related to your patient care (subpoenas, summons, complaints, etc.)
- Are contacted by an attorney or government agency regarding a patient care issue.
- Have an insurance question.
- Need a certificate of insurance.
For more information about SUMIT, please contact The Risk Authority Stanford at 650-723-6824.
SUMIT does much more than protect our insureds from losses – it uses risk management and patient safety grants to invest in our programs. These grant programs provide access to funds that may not be available through usual hospital operational budgets. From the Simulation Center to Emmi, from PARS to PEARL, these risk management and patient safety grant programs permanently provide opportunities for innovation and enhancement of patient safety efforts.