The Doctors Company
The Doctors Company is the largest US physician-owned medical malpractice insurer, providing professional liability coverage and risk management services to over 200,000 physicians, surgeons, dentists, advanced practice clinicians, and hospitals across all 50 states, now combined with the acquired ProAssurance subsidiary.
- Company typePrivate
- Founded1976
- HeadquartersNapa, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What The Doctors Company does
The Doctors Company is the nation's largest physician-owned medical malpractice insurer, founded in 1976 in Napa, California, and operating as a reciprocal interinsurance exchange under the TDC Group holding structure. The company provides medical professional liability insurance and ancillary coverage to more than 100,000 members pre-acquisition and more than 200,000 healthcare professionals and organizations post-ProAssurance, spanning individual physicians and surgeons, dentists, advanced practice clinicians (NPs, PAs, CRNAs, CNMs), and hospitals and health systems across all 50 states. The combined entity holds $12 billion in assets as of the June 2026 ProAssurance close and carries an "A" financial strength rating from both AM Best and Fitch.
Core products include medical, dental, advanced-practice clinician, telehealth, and hospital/health system malpractice insurance, plus a portfolio of practice coverages: MediGuard and MediGuard PLUS (regulatory risk), D&O, E&O, EPLI, property/general liability, and workers' compensation. Underlying technology includes the proprietary AIDE platform (built on 50 years of claims data, converting unstructured documents into structured information and projected to cut claims processing times by 50 percent), the Technology Assisted Underwriting (TAU) program, and an enterprise-wide Microsoft Copilot deployment. Revenue is generated primarily through recurring annual professional liability premiums supplemented by specialty lines, with up to 10 percent of premiums returned to eligible members as dividends ($500 million cumulative to date, $14.3 million announced for 2026). Distribution combines direct inside sales, member self-service portal, and an independent agent/broker network, supported by a 50-state regulatory advocacy program and member loyalty incentives (Tribute Plan, with over $200 million paid to retiring physicians).
The Doctors Company firmographics
Firmographics- Name
- The Doctors Company
- Legal name
- The Doctors Company
- Website
- https://thedoctors.com
- Company type
- Private
- Founded year
- 1976
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- The Doctors Company is the largest US physician-owned medical malpractice insurer, providing professional liability coverage and risk management services to over 200,000 physicians, surgeons, dentists, advanced practice clinicians, and hospitals across all 50 states, now combined with the acquired ProAssurance subsidiary.
- Ownership category
- akta.pro rank
The Doctors Company industry classification
Industry- Product category
- Medical Malpractice Insurance
- NAICS
- Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Carriers (5241)
- SIC
- Fire, Marine & Casualty Insurance (6331)
- akta.pro primary industry
- Medical Malpractice Liability (FSAJADAK)
- akta.pro secondary industries
- Healthcare Professional Liability (Med Mal) (FSAJAGAE), Professional Liability (Errors & Omissions) (FSAJADAB)
Keywords
Where The Doctors Company is headquartered
LocationHeadquarters
- HQ city
- Napa
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
The Doctors Company business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Medical Professional Liability Insurance Premiums: Recurring premium payments from physicians, surgeons, dentists, and other healthcare professionals for medical malpractice insurance coverage. Premiums are the primary revenue stream, with pricing based on specialty, claims history, and coverage limits.
- Specialty Insurance Lines: Additional insurance products including hospitals and health systems coverage, management liability (D&O), errors and omissions, property and general liability, workers' compensation, and employment practices liability.
- Dividend Returns: The company returns profits to members in the form of dividends. Total dividends declared to date amount to $500 million, with eligible members receiving up to 10% of their premiums back.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Custom medical malpractice insurance quotes based on individual physician risk profile |
| Subscription | Annual | Multiyear dividend program returning premium to members |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels12 records
The Doctors Company product offering
Product offeringCore offering
The Doctors Company underwrites and sells medical professional liability (malpractice) insurance and ancillary practice coverages to physicians, surgeons, dentists, advanced practice clinicians, hospitals, health systems, and telehealth providers in the United States. As a physician-owned reciprocal interinsurance exchange operating under TDC Group, it bundles coverage with risk management, patient safety resources, claims defense, and the Tribute Plan retirement loyalty rewards, distributing through direct sales and independent agents and brokers.
Product overview
The Doctors Company is the nation's largest physician-owned medical malpractice insurer, offering a comprehensive suite of insurance and risk management solutions. The core product portfolio includes medical malpractice insurance for physicians, surgeons, dentists, advanced practice clinicians (nurse practitioners, physician assistants, certified nurse-midwives, certified registered nurse anesthetists), and hospitals/health systems. The company also provides Telehealth Coverage and practice management coverages including MediGuard (regulatory risk coverage for administrative actions), MediGuard PLUS, Management Liability (D&O), Errors and Omissions, Health and Disability, Employment Practices (EPLI), Property and General Liability, and Workers' Compensation. TDC Group includes TDC Specialty Underwriters and Healthcare Risk Advisors. Beyond insurance, the company offers Patient Safety Resources with monthly Malpractice Risk Review reports, INSIGHT Programs, Surviving Litigation Seminars, and Accredited Education (CME). The company has invested in AI technology including the AIDE Platform for claims processing and the Technology Assisted Underwriting (TAU) program. The Tribute Plan provides loyalty rewards to members upon retirement.
Differentiator
Problem solved
Functional benefit
Brands
- TDC Specialty Underwriters: Specialty insurance underwriting division within TDC Group
- Healthcare Risk Advisors
- MediGuard
- MediGuard PLUS
- Tribute Plan
- The Doctor's Advocate
- The Dentist's Advocate
- The Practitioner
Products and services
- Medical Malpractice Insurance for Physicians, Surgeons, and Groups Primary professional liability coverage for physicians, surgeons, and medical groups against malpractice claims; flagship product offering comprehensive protection with consent-to-settle guarantee and Tribute Plan retirement rewards for individual practitioners and group practices across all medical specialties.
- Dental Malpractice Coverage
Quantifiable outcome
- Claims processing times reduced by 50 percent using AIDE platform
- +5 more outcomes
Companies that use The Doctors Company
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles4 records
The Doctors Company technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature3 records
The Doctors Company partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- ProAssurance CorporationcoreProAssurance Corporation was acquired by The Doctors Company for $1.3 billion and will operate as a wholly owned subsidiary while a review process determines the optimal operating structure for the combined entity. ProAssurance's common stock has been deregistered from the SEC and delisted from NYSE. The acquisition creates one of the largest medical professional liability insurers in the US.
- MicrosoftcoreMicrosoft Copilot has been deployed across the enterprise, achieving process step reductions of up to 90 percent in some workflows. This represents a significant enterprise-wide AI adoption initiative under the leadership of COO Deepika Srivastava.
- TDC GroupcoreThe Doctors Company is part of TDC Group, which includes TDC Specialty Underwriters and Healthcare Risk Advisors. TDC Group serves the full continuum of healthcare from individual physicians to academic medical systems and provides the organizational structure for all group companies.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
The Doctors Company competitors and assessment
Company assessmentDirect peers
- Medical Protective (MedPro): One of the oldest and largest U.S. physician-focused medical malpractice insurers, providing MPL coverage to individual physicians, groups, and healthcare systems. Directly competes with The Doctors Company in the physician-ownership and specialty-defended segment of MPL.
- NORCAL Group (now part of ProAssurance): Physician-owned MPL insurer serving individual physicians, medical groups, and healthcare facilities. Closely comparable mutual-style medical malpractice product offering to The Doctors Company, particularly in California.
- Coverys: Healthcare-focused liability insurer providing medical professional liability, general liability, and related coverages to hospitals, physicians, and healthcare professionals. Directly comparable MPL product set and target customer base.
- MagMutual: Physician- and hospital-owned medical professional liability insurer offering MPL, medical office, and workers' compensation to healthcare providers. Closely comparable mutual/owner-driven MPL model.
- MLMIC (Medical Liability Mutual Insurance Company): Physician-owned MPL mutual insurance company serving New York-based physicians, surgeons, and healthcare providers. Highly comparable physician-owned reciprocal-style MPL product set.
- ProAssurance Corporation: Direct competitor MPL insurer for physicians, healthcare facilities, and hospitals acquired by The Doctors Company in June 2026 for $1.3B. Now a wholly owned subsidiary, historically one of the closest peers in physician MPL coverage.
Broad incumbents
- CNA Financial: Large national P&C insurance carrier with healthcare professional and general liability lines, including MPL coverage as part of a broader commercial insurance portfolio. Overlaps with The Doctors Company in healthcare liability but operates across many additional lines.
- Chubb: Global P&C and specialty insurer offering professional liability (including healthcare MPL) as part of a broad portfolio for healthcare organizations and individual providers. Overlaps in MPL but as a sub-line of larger commercial insurance offerings.
- Travelers: Large national P&C insurer with a healthcare professional liability product line targeted at hospitals and large healthcare systems. Overlaps with The Doctors Company's hospital system segment as part of a much broader commercial book.
Others
- Healthcare Risk Advisors (HRA) - TDC Group: Wholly owned TDC Group subsidiary providing risk management consulting to healthcare organizations. Sister entity within The Doctors Company's group structure; comparable only as ecosystem participant, not competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
The Doctors Company social profiles
Digital presenceThe Doctors Company compliance and trust
Trust signalCompliance4 records
The Doctors Company financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Doctors Company leadership team
Management profileNumber of profiles
Profiles12 records
The Doctors Company subsidiaries and ownership
Company hierarchySubsidiaries3 records
The Doctors Company funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The Doctors Company M&A and investment
M&A and investmentM&A3 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The Doctors Company
What does The Doctors Company do?
The Doctors Company underwrites and sells medical professional liability (malpractice) insurance and ancillary practice coverages to physicians, surgeons, dentists, advanced practice clinicians, hospitals, health systems, and telehealth providers in the United States. As a physician-owned reciprocal interinsurance exchange operating under TDC Group, it bundles coverage with risk management, patient safety resources, claims defense, and the Tribute Plan retirement loyalty rewards, distributing through direct sales and independent agents and brokers.
Is The Doctors Company a public or private company?
The Doctors Company is a private company. It is classified as management employee owned and is currently operating.
When was The Doctors Company founded?
The Doctors Company was founded in 1976. It employs 501 to 1,000 people.
Where is The Doctors Company based?
The Doctors Company is headquartered in Napa, United States, in the North America region.
How does The Doctors Company make money?
Three revenue lines are on record. Medical Professional Liability Insurance Premiums are the primary driver. The others are specialty Insurance Lines and dividend Returns.
Who are The Doctors Company's main competitors?
Direct peers on record are Medical Protective (MedPro), NORCAL Group (now part of ProAssurance), Coverys, MagMutual, MLMIC (Medical Liability Mutual Insurance Company) and ProAssurance Corporation. Broad incumbents are CNA Financial, Chubb and Travelers. Healthcare Risk Advisors (HRA) - TDC Group is listed as an others.
Does The Doctors Company have an API?
No public API is recorded for The Doctors Company.
What industry is The Doctors Company in?
The Doctors Company's product category is Medical Malpractice Insurance. Its primary akta.pro industry code is FSAJADAK, Medical Malpractice Liability, with a secondary code of FSAJAGAE, Healthcare Professional Liability (Med Mal). Its NAICS code is 524126 and its SIC code is 6331.