The Doctors Company has been working for years to expand into other states so that they could provide this important benefit for physicians in every state. Now, working hard to continue this trend, partnering with specialty societies like Plastic Surgery, Otolaryngology, Internal Medicine and Neurology has paid off in the form of a risk portfolio positioning the company well for the continued consolidation of physicians into medical groups. The Doctors Company not only has a developed and competitive, mature and complete medical group malpractice insurance policy, it also insures over 300 facilities in the United States.
It may just be that your medical facility can cover you as an M.D. as well as all of your employees. There are, ironically, at this time, also many small, single state insurers, risk retention groups, trying to add insured exposures. These companies are going to face some tough decisions. Competition from out of state Carriers and a trend toward facility, hospital delivered and controlled healthcare will inevitably require that these carriers ask if they can weather a storm of dwindling profit margins and the possibility of rehabilitation or reserve reduction. The Doctors Company is and has been in the position of purchasing single state carriers which had become bound and reduced in size. Texas Medical Liability Trust, Independent Nevada Doctors Insurance Exchange, Physicians Insurance Company, Princeton and Pediatric RRG have all been acquired or are looking. TDC now writes policies for the Pediatric Risk Retention Group and the Florida only Florida Insurance. Look closely at a multi state carrier like The Doctors Company for financial strength and growth. This coverage is meant to last you a very long time, the surplus and reserves and annual written premium trends are important financial indicators to examine.