Medical Malpractice Insurance | A Better Alternative
Traditional medical malpractice insurance may be the most popular way to protect your medical practice, but it may not be the best choice for you.
Traditional insurance has significant drawbacks:
- Most malpractice insurance companies split their expertise between several different industries or states instead of focusing solely on what matters to you: medical malpractice protection in the state of California.
- These companies offer limited resources to help doctors to both manage risk and grow their practices.
That’s why the Cooperative of American Physicians, Inc. (CAP) offers a superior alternative.
CAP offers a great alternative to traditional medical malpractice insurance. We are a membership-based organization created by, and run exclusively by, physicians like you. We’ve spent nearly 40 years developing protection and valuable services that are uniquely tailored to fit the needs of solo and small group practices in California.
Financial Security
Since 1977, CAP has supported California’s finest doctors with our core product, the Mutual Protection Trust (MPT). MPT offers assurance, dependability, and financial stability for California physicians looking for secure, superior, and affordable medical professional liability protection.
The biggest difference between MPT and traditional malpractice insurance is that, under MPT, CAP physicians do not pay premiums. Instead, doctors pay assessments based on the on the collective cost of protecting their membership over a 12-month period.
Part of what keeps MPT rates so low is CAP’s high standards for membership. Our membership is composed of nearly 12,000 of California’s finest physicians. By only accepting the best, the risk of a claim being filed against a member is diminished – which helps keep our rates down.
With a time-proven financial arrangement and the high quality of our membership, our rates for protection are highly competitive. In other words, by joining CAP, your cost for malpractice coverage will likely go down.
What’s more, since 2006, MPT has earned an A+ (Superior) rating from A.M. Best Company. This rating is a strong testament to MPT’s financial stability.
Supplemental Benefits
CAP members receive MedGuard, CyberRisk, Employment Practices, disability, and term life insurance as part of their membership
Comprehensive Supplemental Insurance
CAP also offers our members supplemental insurance products, for purchase through CAP Physicians Insurance Agency, a wholly owned subsidiary of CAP, including:
- MEDEFENSE™ Plus
- Employment Practices Liability Insurance (EPLI
- Business Owner’s Policy
- Workers’ Compensation
- Miscellaneous Professional Errors and Omissions Insurance
Practice Management Resources
Our practice management resources are provided as part of the cost of membership and draw upon our 12,000 members’ collective experience and bargaining power, with programs like:
- Human Resources Hotline – CAP’s Senior Vice President of Human Resources is available to answer employment-related questions from physicians and office administrators.
- CAPSource – Our group-purchasing program provides discounted products and services for members’ practices.
- EHR Consultative Services – Our specialists advise members on selection, implementation, and security.
- Educational Webinars – We regularly offer webinars on vital subjects like payments and reimbursements, protecting your online reputation, and ICD-10.
Risk Management
CAP helps physicians prevent and manage adverse outcomes with programs like:
- CAP Cares – Our early intervention program provides round-the-clock support to CAP physicians in the event of an adverse outcome.
- Risk Management Institute – Our six-part online educational series gives office staff practical guidance in supporting physicians and helping to reduce risk.
- CME Risk Management Program – CAP offers free accredited continuing medical education (CME) courses to all CAP members.
Discover why CAP’s medical professional liability coverage is superior to traditional malpractice insurance.