Strengths
Coverages
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Cost Structure
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FAQs

25th Anniversary Issue of Bulletin

Why Join CAPMPT?

Savings & Service

Physicians join CAP•MPT because our Members save a lot of money. That's why the Trust was founded by physicians in the mid-seventies. Some have saved as much as 40% per year compared to the premiums they once paid to their insurance companies.

How is this possible?

Savings are a result of a combination of factors. First, we closely observe three key operating principles: careful Member selection, excellent claims management, and superior risk management. Our observance of these principles results in greater efficiency. Together with our innovative Trust structure, our operating efficiency has produced consistent savings. All of this is possible because of the active participation of our Members.

Strengths

We have historically accepted 80% of the physicians who have applied, a rate far lower than our competitors. Our underwriting staff assembles claims information and gathers references from current Members. Then a panel of Member physicians reviews each applicant and decides who will be admitted.

Our highly qualified claims specialists handle about 100 cases each, far lower than the industry average of 140. Before resolution, a committee of physicians evaluates each large claim. Smaller claims are evaluated by a physician and senior staff.

Our Members are defended by the finest defense attorneys in the state. In addition to our outside legal panel, we have a dedicated firm of 24 lawyers who work exclusively for our Members, defending 40% of our cases.

Part of our claims management philosophy includes alternative dispute resolution. Over 40% of our litigated cases are resolved through mandatory binding contractual arbitration, which saves about 37% in defense costs.

Every new CAP/MPT Member attends an award-winning risk management seminar for which 3 Category I CME credits are earned. In addition, our risk management staff visits Members' offices to provide important in-service training to staff.

Our Risk Management Department publishes a quarterly newsletter featuring timely and informative articles written by our members, attorneys and claims specialists.

The Trust Structure

The Trust assesses Members based on estimated claims payments and defense and administrative costs for a 12 month period. This is different from insurance companies, who charge premiums to pay anticipated costs well into the future. In return for lower annual malpractice protection costs, Members agree to pay additional assessments if actual costs exceed estimates. Conversely, if expenses are significantly lower than projections, the Members may receive a refund.

Members make many of the important decisions at CAP/MPT. Your fellow physicians decide Member acceptance and termination. Changes in coverage provisions, such as risk classification, are decided by a vote of the full membership. Physicians design and direct our award-winning, accredited educational programs.

Coverages

Professional Liability Coverage

Members receive Medical Professional Liability coverage through the Mutual Protection Trust (MPT). We cover solo and group physicians, their employees, and affiliated entities.

Two Additional forms of Coverage

As part of their membership, Members also receive MEDefense coverage and Employment Practices Defense Coverage (EPD) through group insurance annual policies purchased by the Cooperative of American Physicians (CAP).

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