About our client
Dr. Federico is one of the founding members of MPIE who has worked to eliminate the fear of expensive malpractice insurance.
We are true partners, working together to offer fair settlements when appropriate and in the defense of unfortunate results in the face of good medical care.
Before we formed MPIE, the fear that the cost of buying malpractice insurance would drive me out of business was one of the last things I thought about before going to bed and first things I thought about in the morning.
As an OB/GYN, I was paying $28,000 for $100,000 worth of insurance, that is correct, 28k for 100k with the prediction that prices would double in the next year. The premiums now 25 years later are roughly the same, but the coverage I have is for 10 times that amount. In addition to this, the subscribers’ savings accounts have reaped unexpected and unpredicted investments that no company offers, yes, income on top of insurance, both for a price that is very competitive.
A great benefit and one of the reasons for the success of this company is the common defense of claims theory (insuring both the hospital and the physicians that work there). It eliminates the finger-pointing that goes on between hospitals and other physicians when a claim occurs. We are true partners, working together to offer fair settlements when appropriate and in the defense of unfortunate results in the face of good medical care. We have developed an early response system to identify a potential lawsuit before it is filed and have been able to successfully help injured patients without exposing them or us to the legal system.
Educational programs based on findings gleaned from case investigation have benefitted future patients and have helped physicians avoid unfortunate errors.
Dom Federico, MD