With so many medical malpractice insurance companies to choose from, how do you know which one is right for you? Quite simply, it depends on what you expect from a company and your policy. That’s where my expertise as an independent medical malpractice insurance broker proves advantageous. My role is to listen to what doctors want, then find solutions to match those expectations.

Even though policies from MedPro tend to cost more than other A rated insurance carriers, MedPro is a prime example of the phrase, “you get what you pay for”. There are many reasons why doctors, surgeons, and other medical professionals prefer to purchase medical malpractice insurance policies from this well-established carrier.

Keep reading to learn why I often include MedPro insurance policies when presenting solutions to my clients

As an independent medical malpractice insurance broker who always considers the best interests of my clients, I only recommend medical malpractice insurance carriers that receive an “A” rating or higher from A.M. Best, the industry’s leading credit rating organization. Scores from A.M. Best indicates an insurance company’s ability to meet its financial obligations and range from A++ (Superior) to B+. MedPro (and its subsidiaries) have a long history of being awarded a superior score of A++ year after year, projecting a favorable long-term operating performance and significant market position for the company. This means you’ll never have to worry about the company suddenly becoming financially insolvent, putting your practice at risk.

In fact, they practically invented it. In 1899, Alpheus P. Buchman, MD and Miles F. Porter, MD teamed up to offer one of the country’s first pre-paid legal defense services for doctors. In 1907, Byron H. Somers and Charles M. Niezer left the company and founded The Medical Protective Company, which eventually bought out its competitor. While the name has undergone several changes throughout the last century, its ability to provide outstanding medical malpractice defense for its clients remains the same. The company boasts over 400,000 claims managed since its beginning.

Headquartered in Fort Wayne, Indiana, MedPro was purchased by General Electric in 1998 and then again in 2005 by Warren Buffett’s Berkshire Hathaway for $825 million, a diversified Fortune 500 holding company “whose subsidiaries engage in insurance, freight rail transportation, energy generation and distribution, manufacturing, and retailing,” offering its clients unmatched stability in the medical malpractice insurance marketplace.

If you’re confused about what exactly to call the insurance company, you’re not alone. That’s because MedPro’s parent company, MedPro Group (formerly known as Medical Protective) continues to acquire healthcare liability insurers across the country in order to expand its award-winning service, and now offers solutions in all 50 states and D.C. Recent notable acquisitions include:

MedPro Group’s affiliates also include:

MedPro offers occurrence, claims-made and convertible claims-made coverage options to physicians. This means that doctors who choose MedPro have access to the industry’s widest variety of liability coverage options.

MedPro Group offers coverage to dentists, oral and maxillofacial surgeons, optometrists, podiatrists, chiropractors, physicians assistants, nurse practitioners, and certified registered nurse anesthetists through specialty products and services. They also offer insurance products and services to hospitals, nursing homes, ambulatory surgical centers, med spas, urgent care centers, and more. No matter your specialty, MedPro Group offers a solution.

In addition to their strong financial record, MedPro has a robust history of protecting its clients. The company boasts a 90% trial win rate; 80% of claims closed without payment, and a consent provision that gives doctors and other healthcare professionals control on whether or not to settle a claim. When doctors have consent to settle provision in their policy, MedPro explains, “We will never settle any case without the consent of the physician. It’s your money. Your name is on the policy. You should be the one making the decisions.” They even include prevention and education resources, including a video of a mock medical malpractice trial.

Overall, MedPro’s long-established financial strength, flexible policy options, and aggressive defense of its physicians make the company a top choice when considering medical malpractice insurance carriers. If you want to explore your options for liability insurance, contact MEDPLI for a quote. We can help you find the right policy from the A rated insurance carrier that best meets your unique needs.