Coverys Specialty Insurance

Coverys is a national insurance company founded in 1975. It focuses on medical professional liability insurance and risk solutions for healthcare providers. The company holds an A.M. Best rating of A (Excellent) and has more than 50 years of experience protecting the healthcare community. Coverys helps medical professionals focus on patient care by managing insurance and risk.

The company serves a wide range of healthcare professionals and organizations. Its customers include physicians, surgeons, dentists, podiatrists, nurse practitioners, physician assistants, and certified nurse midwives. It also insures outpatient facilities, hospitals, health systems, accountable care organizations, and international organizations.

Coverys offers medical professional liability insurance as its core product. It also provides employer stop loss solutions, Medicare contractual risk protection, and provider excess loss insurance. Coverys Specialty Insurance Company was formed in 2015 to offer excess and surplus coverage for emerging healthcare delivery risks and trends.

Policyholders have access to RiskRx PRO. This is an integrated suite that combines proactive risk mitigation with claims resolution strategies. The program includes data-informed risk insights, real-time consultation with risk consultants, clinical risk assessments, and the REACT Program for support after adverse events.

The company also delivers risk management services, business analytics, education, and emotional support resources. Med-IQ is part of the Coverys family and provides accredited medical education. Coverys Consulting Services works with hospitals and large provider groups to improve patient safety and quality outcomes.

The organization includes several underwriting companies. Medical Professional Mutual Insurance Company traces its roots to a 1975 state joint underwriting association in Massachusetts. Other entities include ProSelect Insurance Company, Preferred Professional Insurance Company, Coverys Risk Retention Group, and international operations through Coverys International and Coverys London.

Coverys operates with a mission to support and protect the healthcare community. It promotes diversity, equity, and inclusion, and through the Coverys Community Healthcare Foundation, it has awarded over 31 million dollars in charitable contributions and grants to healthcare and community organizations.

Services

• Medical Professional Liability Insurance
• Employer Stop Loss Solutions
• RiskRx PRO
• Risk Management
• Business Analytics
• Claims Management
• Education
• Emotional Support
• The REACT Program
• Coverys Consulting Services