Medicus Insurance Company

The Medicus Insurance Company specializes in providing liability insurance to physicians.

The Medicus Insurance Company has its company headquarters in Austin, Texas. The company offers coverage to physicians and surgeons. As of the fall of 2009, Medicus offers insurance to medical professionals in these states:

• Arkansas
• Arizona
• Georgia
• Indiana
• Illinois
• Iowa
• Kansas
• Mississippi
• Missouri
• Nevada
• Ohio
• Oklahoma
• Texas
• Utah
• Virginia
• West Virginia

Medicus is a stock insurance company that is backed by $30 million in assets. It is a stable company that is able to pay out on claims made against policyholders. The company has the ability to access additional capital as needed, so doctors and surgeons can feel confident about their decision to apply for coverage through Medicus.

Physicians and surgeons who are interested in applying for coverage from Medicus can do so through a number of independent agents working in states where the company is licensed to sell insurance. An application form can also be downloaded from the Medicus web site. The form can be submitted to the company by e-mail or by facsimile transmission.

The company offers financing options so that doctors can afford the premiums for their medical liability insurance. In many cases, the company can offer zero percent financing. If interest is charged on the premiums, the rate is determined by the quote the company has provided to the physician.

Doctors who are covered under a Medicus Insurance Company plan are subject to a "claims made" policy. This means that the physician's coverage starts immediately when the policy is issued.

The company considers that a claim has started as soon as an incident is reported by the insured physician. Medicus takes the position that early intervention by the company's team of attorneys and risk management experts can lead to an early resolution of the matter and decrease the chances of a lawsuit being filed.

Unlike other insurance companies that represent physicians, Medicus doesn't start settlement discussions without the consent of the insured. The doctor must give his or her consent to settle before the company can enter into any discussions to resolve the matter. Medicus takes the position that when an insurance company acts independently without getting the consent of the policyholder, this action indicates a lack of trust on the part of the insurance company.

Another policy provision offered by Medicus to the doctors it insures is an extended reporting period. This may also be referred to as a "tail." This benefit means that the doctor has coverage that extends beyond the end of the policy period. Policyholders can choose to buy a tail when his or her policy expires. Long-term policyholders who have been insured by the company for five years or more and who have turned 55 during that time are also eligible to get a tail from Medicus. Free tails are offered in cases of total disability or death.

Policyholders who are insured with the Medicus Insurance Company are encouraged to report medical incidents as they arise. The company will investigate the case and assign an attorney as appropriate. That way, the insured physician can get appropriate legal advice and possibly avoid a lawsuit.

To find out more about the Medicus Insurance Company and the coverage it provides, visit the company web site.

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