Choosing a professional liability carrier is one of the most important practice decisions you will make. The key is to weigh your premium against the protection, service, financial strength and long-term stability of the carrier. You really do get what you pay for in Medical Professional Liability (MPL).
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Factors to consider
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How we rate |
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Expertise and record of service to area physicians
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We have covered physicians in California since 1975; in Idaho since 1976; in Alaska since 1977; in Hawaii since 1981
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Financial strength/security
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Best’s “A-“ [Excellent] rating
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Medical society sponsorships
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Endorsed by 11 county, state and medical specialty associations
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Competitive and stable rates
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We take the long view when setting rates in every effort to keep them stable and predictable. As a result, we consistently lose less than 1% of policyholders to our competitors every year.
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Not-for-profit company
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We are a not-for-profit carrier owned by our policyholder. Profits are returned to our policyholders.
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Dividends to policyholders
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Because of our excellent claims handling, favorable operating results and rigorous control of expenses, we have returned in excess of $245 million to policyholders since our inception.
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Percentage of claims resolved without payment to the plaintiff
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Almost 90%
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“Admitted” and “Regulated”
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These are features of companies like MIEC who must submit to the oversight and regulations of the state Department of Insurance where they issue policies
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Want more help in choosing a carrier? Read our Buyer’s Guide.