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The CAP Cost Structure.
CAP Members do not pay premiums. Rather, they pay assessments
to cover the costs of claims and administration for each calendar
year. Assessments are determined by specialty, region and months
of coverage.
For new CAP Members, a portion of these payments are deposited into a tax deductible and fully refundable Trust account ( Initial Trust Deposit - ITD ). These deposits are in lieu of assessment payments.
Members also pay nominal dues to cover a variety of services
apart from professional liability coverage.
Discount Programs.
Physicians new to practice.
Physicians in practice for less than two years receive an extended period in which to pay the Initial Trust Deposit and an extended
assessment-free period.
Favorable Claims Discounts.
Assessment discounts are available to individual physicians and
to groups. At CAP all assessment discounts are earned through
good claims experience. Roughly 70% of CAP Members earn up to a 20% discount.
Qualifying groups may earn additional discounts depending on
claims experience and the size of the group.
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