Malpractice Insurance Can Be Rewarding-Who Knew?

We view malpractice insurance as a necessary professional expense, a “must-have” in today’s litigious society. You might be surprised to learn that some malpractice insurance companies give financial rewards and loyalty incentives to their insureds.

Dividend Credits -Several companies give a dividend on prior year’s coverage, once that year’s claims are closed and resolved. Any remaining premium dollars are returned to the insureds as a premium offset or a cash dividend.

Cash Retirement Allocations -Two major carriers allocate a percentage of each year’s premium to a retirement account and give a cash benefit to the insured upon retirement.

Stock Buy-Back -Several privately held insurance trusts and reciprocals have converted to stock insurance companies, and then purchased by a larger company. The physician founder-owners were compensated over the course of their coverage with dividends and then a stock buy-out. A recent transaction netted our clients a collective $1.7M.

For a more rewarding coverage experience, contact one of our agents today.

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