The availability and cost of medical malpractice insurance in some states has risen to crisis levels over the past few years.
While still offering traditional coverage, an interesting solution, is the insurance ‘reciprocal.’ These are entities that are capitalized by the insureds with management through an attorney-in-fact. With no shareholders to report to, these reciprocals do not have to build a “profit load” into their premiums and function much more like a mutual company.
The long-term effect of these reciprocal companies should be more competitive premiums along with a more stable company.
Please complete the worksheet below for a rate indication on the various options available or contact us and speak with one of our Medical Malpractice Specialists.