As the nation’s largest physician-owned medical malpractice insurer, The Doctors Company has always been guided by our mission: To advance, protect, and reward the practice of good medicine.
Today, as healthcare delivery continues to undergo unprecedented change, it’s more important than ever to have a strong, trusted partner to help our members focus on what they do best—delivering care. That’s why we’re taking the mal out of malpractice insurance.
Innovative Coverage Solutions
The nation’s leading medical malpractice insurance coverage offers unique features—including MediGuard®, CyberGuard®, and the Tribute® Plan, our breakthrough financial benefit—that strengthen the practice of medicine while making it more rewarding. Our medical practice coverages are consultative, customized, and innovative to help groups of all sizes reduce and control costs, manage employee benefits, and guard against risk.
Our Board of Governors is comprised of physicians and healthcare leaders and distinguished executives of Fortune 100 companies—representing many of the nation’s leading banks, financial advisors, and property/casualty insurers.
With over $4.8 billion in assets, our financial strength gives us the power to protect our members today and tomorrow. Our member surplus is $2.1 billion, making us the strongest of any national physician-owned medical liability carrier, and we are rated A by A.M. Best Company and Fitch Ratings.
Through our subsidiaries, we offer a wide variety of additional insurance products and services. TDC Specialty Underwriters, Inc. provides nonadmitted insurance coverage and services for certain medical and long term care facilities, physician groups, non-standard physicians, managed care organizations, life sciences companies and clinical trials entities.
America’s most prestigious medical organizations recognize our efforts in support of doctors by endorsing or sponsoring The Doctors Company as their chosen medical liability insurance carrier. This honor is evidence of our continuing commitment to enabling doctors to provide superior patient care. Our work with these societies addresses emerging issues facing the profession and provides society members with significant benefits.
The Doctors Company Foundation
In 2008, we created The Doctors Company Foundation to support patient safety research and education programs through charitable grants. The Foundation works to improve the environment in which doctors and all healthcare providers practice.
Our Story: Founded and Led by Doctors
Over 40 years ago, as California was gripped by a medical malpractice insurance crisis, leading physicians came together to pass historic legislation on behalf of doctors and tort reform. In the wake of this achievement, The Doctors Company emerged as an entirely new type of insurance carrier—a carrier founded and led by doctors.
Malpractice lawsuits and jury awards in California skyrocketed during the 1970s, causing commercial insurance companies to raise rates by more than 300 percent or leave the market altogether. Thousands of physicians faced nonrenewal from their insurance companies, while others refused to provide care until the state addressed the crisis.
In May 1975, Governor Jerry Brown called a special session of the legislature. During that session, leading medical groups helped secure the passage of the Medical Injury Compensation Reform Act (MICRA), landmark legislation that has become the national model for effective and durable tort reform.
After its passage, several of MICRA’s leading proponents came together to establish a company that would continue the tradition of advocating for and protecting physicians. The Doctors Company founders recognized that an organization owned and led by physicians could focus on meeting the needs of its members rather than on answering the demands of outside stockholders. In addition, the member-owned structure meant that The Doctors Company would be uniquely aligned with physicians’ interests and in an ideal position to represent and advocate for physicians in political and legal settings.
The mission was clear: The Doctors Company would work relentlessly to advance, protect, and reward the practice of good medicine.
During the company’s inaugural year in 1976, 450 physicians subscribed as members. Today, we are the nation’s largest physician-owned medical malpractice insurer, protecting 82,000 members nationwide.
As we grow, we remain true to the principles that inspired our founders—ensuring that the doctor’s voice is heard, from the exam room, to the courtroom, to the nation’s capital.
We know medicine.
We know insurance.
Good Medicine. Covered.