MedMal Direct Insurance Company (MedMal Direct) is a direct-write

medical malpractice Medical malpractice is a legal cause of action that occurs when a medical or health care professional, through a negligent act or omission, deviates from standards in their profession, thereby causing injury or death to a patient. The neglige ...

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...

company headquartered in

Jacksonville Jacksonville is a city located on the Atlantic coast of northeast Florida, the most populous city proper in the state and is the List of United States cities by area, largest city by area in the contiguous United States as of 2020. It is the co ...

Florida Florida is a state located in the Southeastern region of the United States. Florida is bordered to the west by the Gulf of Mexico, to the northwest by Alabama, to the north by Georgia, to the east by the Bahamas and Atlantic Ocean, and ...

. MedMal Direct Insurance does not use independent brokers, but rather sells insurance coverage direct to the physicians through sales representatives, website, and direct

marketing Marketing is the process of exploring, creating, and delivering value to meet the needs of a target market in terms of goods and services; potentially including selection of a target audience; selection of certain attributes or themes to emph ...

. The company provides medical

professional liability insurance Professional liability insurance (PLI), also called professional indemnity insurance (PII) but more commonly known as errors & omissions (E&O) in the US, is a form of liability insurance which helps protect professional advice-, consulting, and ser ...

, regulatory compliance protection, and cyber-liability coverage directly to healthcare providers and healthcare facilities. The company enables physician practices in

, Georgia,

Illinois Illinois ( ) is a state in the Midwestern United States. Its largest metropolitan areas include the Chicago metropolitan area, and the Metro East section, of Greater St. Louis. Other smaller metropolitan areas include, Peoria and Rock ...

Missouri Missouri is a state in the Midwestern region of the United States. Ranking 21st in land area, it is bordered by eight states (tied for the most with Tennessee): Iowa to the north, Illinois, Kentucky and Tennessee to the east, Arkansas t ...

, North Carolina, Ohio, Oklahoma, Pennsylvania, and Texas to realize significant savings on one of their largest expenses – medical professional liability insurance premiums. MedMal Direct has over $54 Million in Admitted Assets and $17.7 Million in Surplus as of December 31, 2020. In 10 years, the company has grown its book of business to $21.2 Million in Direct Written Premium as of December 31, 2020, up from $20.1 Million in the year prior. With a Financial Stability Rating® of A, Exceptional from Demotech, Inc, MedMal Direct has the financial security to serve its policyholder while also backed by a panel of reinsurer partners with combined assets exceeding $280 billion, all of whom financial strength ratings of “A+” (Superior) or “A” (Excellent) from A.M. Best. These reinsurance relationships do not in any way guarantee the solvency of the company. However, as a licensed and admitted insurance company in Florida, the company is a member of the Florida Insurance Guaranty Association, which covers all Property and casualty insurers with a certificate of authority issued by the Florida Office of Insurance Regulation (OIR).

Management Team

* P. Butler Ball, Founder & Board Member * Melodee S. Dixon, President & Chief Executive Officer * Marc D. Hammett, Chief Financial Officer * T. Bryan Carter, Senior Vice President, Sales & Marketing

External links

* {{Jacksonville Corporations Laura Street Insurance companies based in Florida Financial services companies based in Jacksonville, Florida Liberty Mutual