CommonSpirit Health Insurance Analysis & Coverage Guide
CommonSpirit Health, headquartered in Chicago, IL, operates within the healthcare industry since its founding in 2019. With over 10,000 employees and generating approximately $33 billion in revenue, it stands as a significant player in the healthcare sector. CommonSpirit Health provides a wide range of healthcare services, aiming to deliver high-quality care across its network.
Company Overview
Healthcare
10000+ employees
2019
Chicago, IL
$33B
54/100
Insurance Spend Analysis
Estimated Annual Spend
Based on industry benchmarks and company specifics, CommonSpirit Health's estimated annual insurance spend may range from $50 million to $100 million.
Industry Average
$40 million to $120 million
Savings Opportunity
Exploring captive insurance options or increasing deductibles may provide cost savings while maintaining appropriate coverage levels.
Primary Risk Factors
Professional Liability
Cyber Liability
Property Damage
Workplace Injuries
Regulatory Compliance
Recommended Coverage Types
general-liability
Recommended: $20 million to $30 million
Premium: $100,000 to $300,000 annually
professional-liability
Recommended: $50 million to $100 million
Premium: $1 million to $5 million annually
cyber-liability
Recommended: $50 million to $100 million
Premium: $500,000 to $2 million annually
workers-compensation
Recommended: Statutory requirements vary by state
Premium: $2 million to $5 million annually
commercial-property
Recommended: $100 million to $200 million
Premium: $500,000 to $1.5 million annually
industry-specific-coverage
Recommended: Varies based on specific exposures
Premium: Dependent on specific coverage elements
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