Medical Protective Finance Corporation

The Medical Protective Company, often simply called MedPro, is a prominent and long-standing player in the medical professional liability insurance industry. Founded in 1899, it boasts a rich history of serving healthcare providers across the United States, offering financial protection and risk management resources in an environment increasingly fraught with legal challenges.

MedPro's core business revolves around providing medical malpractice insurance, also known as professional liability insurance. This type of insurance safeguards physicians, dentists, hospitals, and other healthcare entities from financial losses resulting from claims of negligence or malpractice. These claims can arise from alleged errors in diagnosis, treatment, or other aspects of patient care.

The corporation's financial strength is a key factor contributing to its reputation and longevity. It is backed by Berkshire Hathaway, a global holding company renowned for its financial stability and prudent investment strategies. This affiliation provides MedPro with a robust financial foundation, ensuring its ability to meet its obligations to policyholders, even in the face of large-scale claims or economic downturns.

Beyond simply issuing insurance policies, MedPro emphasizes a proactive approach to risk management. They offer a range of resources and programs designed to help healthcare providers minimize their risk of exposure to malpractice claims. These resources may include educational materials, risk assessment tools, and consulting services tailored to specific medical specialties and practice settings. By investing in risk prevention, MedPro aims to reduce the likelihood of adverse events and ultimately lower the overall cost of healthcare liability.

MedPro’s commitment to its policyholders extends to a strong defense strategy when claims do arise. They employ experienced attorneys and claims professionals who specialize in medical malpractice litigation. Their approach involves thorough investigation, aggressive defense, and a focus on achieving the best possible outcome for their clients, whether through settlement, mediation, or trial.

The company understands the unique challenges faced by different types of healthcare providers and tailors its insurance products and services accordingly. They offer specialized coverage options for individual physicians, group practices, hospitals, and other healthcare organizations. This allows them to address the specific risks and liabilities associated with each setting.

In an era of increasing medical malpractice litigation and heightened scrutiny of healthcare practices, MedPro's role in protecting the financial well-being of healthcare providers remains crucial. Its long history, financial strength, risk management resources, and commitment to its policyholders position it as a significant force in the medical professional liability insurance market.