Medical Liability Mutual Insurance Co

What Medical Liability Mutual Insurance Co does

Medical Liability Mutual Insurance Company (MLMIC) is a New York-based medical professional liability insurance carrier founded in 1975 and operating exclusively within New York State. The company writes occurrence and claims-made malpractice policies for individual physicians, surgeons, dentists, oral surgeons, advanced practice providers, allied health professionals, physician groups, and hospitals, with primary limits up to $1.3M/$3.9M for physicians and $2M/$6M for dentists. MLMIC is the only AM Best A+ (Superior)-rated admitted insurance company predominantly writing medical malpractice in New York, and has served over 100,000 healthcare practitioners over its 50-year history. It operates as a wholly-owned subsidiary of Berkshire Hathaway following the 2018 acquisition by National Indemnity Company.

MLMIC's core platform combines insurance underwriting with an integrated risk management and analytics suite. Products include the SILO program for employed physicians, Analytics & Insights (custom claims reports and specialty-specific loss analysis built on a ten-year database of 19,000+ cases), 24/7 Consultative Services, and CME+ continuing education programs offered at no additional cost to policyholders. The company maintains dedicated claims offices in Latham, Buffalo, Syracuse, New York City, and Long Island, and its legal department handles approximately 5,000 policyholder questions per year. Distribution combines direct sales (800-ASK-MLMIC), online rapid application portals, paper applications, broker channels, and Preferred Savings Programs offering up to 30% combined premium discounts through partnerships with MSSNY, NYSDA, MagnaCare, CDPHP, Northwell Health, CAIPA, Catholic Health, and other purchasing groups. Pricing varies by specialty, county, limits, and claims history, with structured discounts for new doctors (up to 50%), part-time practitioners (up to 50%), risk management course completion, claims-free history, and prompt payment.

Name

Medical Liability Mutual Insurance Co

Legal name

MLMIC Insurance Company

Website

https://mlmic.com

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

251–500 employees

Short description

MLMIC is a New York-only medical professional liability insurer, founded in 1975 and owned by Berkshire Hathaway, serving over 100,000 physicians, dentists, groups, and hospitals with occurrence and claims-made malpractice coverage, integrated risk management, and CME programs.

Ownership category

akta.pro rank

Product category

Medical Professional Liability Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Healthcare Professional Liability (Med Mal) (FSAJAGAE)

akta.pro secondary industry

Medical Malpractice Liability (FSAJADAK)

Keywords

• Medical malpractice insurance
• Professional liability coverage
• Medical risk management
• Healthcare claims defense
• Dental malpractice insurance

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Medical Professional Liability Insurance Premiums: MLMIC generates revenue through insurance premiums from physicians, surgeons, groups, hospitals, and dentists. Policies include occurrence and claims-made coverage options. Premium pricing varies by specialty, county of practice, policy limits, claims history, and membership in qualifying organizations through Preferred Savings Programs.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels8 records

Core offering

MLMIC Insurance Company underwrites and sells medical professional liability (malpractice) insurance to physicians, surgeons, dentists, advanced practice providers, physician groups, and hospitals in New York State. Coverage is offered on both occurrence and claims-made bases with primary limits up to $1.3M/$3.9M for physicians and $2M/$6M for dentists, supplemented by risk management analytics, consultative services, and no-cost CME+ programs.

Product overview

MLMIC Insurance Company offers a comprehensive medical professional liability insurance platform primarily serving New York healthcare professionals. The core offerings include physician medical malpractice insurance (with occurrence and claims-made options up to $1.3M/$3.9M), group and hospital coverage, and dental malpractice insurance (endorsed by NYSDA, up to $2M/$6M). Supporting the insurance products, MLMIC provides an integrated suite of risk management services including Analytics & Insights (custom claims reports and loss analysis), Consultative Services (24/7 expert guidance), CME+ programs (continuing education at no cost), and the SILO program for employed physicians. The company also offers Preferred Savings Programs through multiple partner organizations for up to 30% premium savings. Publications including The Scope and The Albany Report provide ongoing industry intelligence. All offerings are backed by Berkshire Hathaway with an AM Best A+ Superior rating.

Differentiator

Problem solved

Functional benefit

Brands

• MLMIC Preferred Savings Programs: Discount programs offering up to 30% savings on premiums through partnerships with medical societies and healthcare organizations including MSSNY, MagnaCare, CDPHP, Northwell Health, CAIPA, Catholic Health, Corinthian Medical IPA, Doctor.com, IPA NY, NYMGMA, and others.
• SILO
• MLMIC Dental

Products and services

• Medical Malpractice Insurance - Physicians Professional liability insurance for physicians and surgeons practicing in New York, offering both occurrence and claims-made coverage options with primary limits up to $1.3M/$3.9M and optional tail/nose coverage.
• Group & Hospital Coverage Customized medical professional liability solutions for physician groups and hospitals, providing comprehensive protection for employed physicians through risk-sharing options and settlement authority.
• Dental Malpractice Insurance Professional liability insurance for dentists, dental anesthesiologists, and oral surgeons in New York, endorsed by NYSDA, with limits up to $2M/$6M and a $50 first-year flat-rate premium for qualifying new dentists.
• Analytics & Insights Risk management service providing custom claims reports, specialty-specific loss analysis, and review of MLMIC's claims experience to help policyholders identify liability trends and potential exposures.
• Consultative Risk Management Services 24/7 access to risk management advice and guidance from MLMIC experts who help practices and facilities develop or enhance patient safety and risk reduction programs.
• CME+ Continuing Medical Education Continuing medical education platform offering New York-focused risk management courses with CME, MOC, and Continuing Certification Credit, available to policyholders at no additional cost and qualifying them for premium discounts.
• SILO (Self-Insurance for Employed Physicians) Customized insurance program for employed physicians, featuring analytics, risk mitigation, an early intervention team, claims data analytics, and integrated claim services for employer organizations.
• Preferred Savings Programs Discount programs offered through partner organizations (MSSNY, MagnaCare, CDPHP, Northwell Health, CAIPA, Catholic Health, Corinthian Medical IPA, Doctor.com, IPA NY, NYMGMA) that provide qualifying policyholders up to 30% premium savings.
• Excess Liability Program Additional coverage providing an extra $1,000,000/$3,000,000 limit added to the required primary limit at no additional cost for qualifying policyholders.

Quantifiable outcome

• Up to 30% premium savings through Preferred Savings Programs for qualifying physicians
• +3 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

20 partnerships are on record, tiered core and minor.

• Medical Society of the State of New York (MSSNY)coreGTM or Marketing PartnerMSSNY and MLMIC work together to bring New York's #1 medical liability insurance to more physicians through Preferred Savings Programs. Qualifying MSSNY Purchasing Group members receive an exclusive 10% discount with potential total savings up to 30%. MSSNY is also listed as endorsing MLMIC.
• New York State Dental Association (NYSDA)coreGTM or Marketing PartnerMLMIC is the only dental professional liability program endorsed by the New York State Dental Association (NYSDA). Active NYSDA members receive a 5% premium reduction on their dental malpractice insurance.
• MagnaCarecoreGTM or Marketing PartnerMagnaCare and MLMIC partner through Preferred Savings Programs offering qualifying MagnaCare participating physicians an exclusive 10% discount with potential total savings up to 30%.
• CDPHPcoreGTM or Marketing PartnerCDPHP and MLMIC partner through Preferred Savings Programs offering qualifying CDPHP Purchasing Group members an exclusive 10% discount with potential total savings up to 30%.
• Northwell Health (Care Physicians Risk Purchasing Group)coreGTM or Marketing PartnerNorthwell Health through its Care Physicians Risk Purchasing Group partners with MLMIC offering qualifying members an exclusive 10% discount with potential total savings up to 30%. Note: Northwell Health is not affiliated with MLMIC Insurance Company.
• CAIPA CarecoreGTM or Marketing PartnerCAIPA Care, LLC Risk Purchasing Group and MLMIC partner offering qualifying CAIPA Care physician members an exclusive 15% discount with potential total savings up to 30%. Alliant is the program administrator.
• Catholic Health Physician Partners (CHPP IPA)coreGTM or Marketing PartnerCatholic Health Physician Partners and MLMIC partner through CHPP IPA Risk Purchasing Group offering qualifying members an exclusive 10% discount with potential total savings up to 30%. Alera Group is the program administrator.
• Corinthian Medical IPAminorGTM or Marketing PartnerCorinthian Medical IPA and MLMIC partner offering qualifying Corinthian providers an exclusive 10% discount with potential total savings up to 30%. PriMed Consulting is the program administrator.
• Doctor.comminorGTM or Marketing PartnerDoctor.com and MLMIC partner offering qualifying Doctor.com members an exclusive 10% discount with potential total savings up to 30%. Acadia is the program administrator.
• Independent Practice Association of New York (IPA NY)minorGTM or Marketing PartnerIPA NY and MLMIC partner offering qualifying Independent Practice Association of New York Purchasing Group members an exclusive 10% discount with potential total savings up to 30%. Risk Strategies Company is the program administrator.
• New York Medical Group Management Association (NYMGMA)minorGTM or Marketing PartnerNYMGMA and MLMIC partner offering qualifying NYMGMA members through its network of practice administrators an exclusive 10% discount with potential total savings up to 30%.
• Iroquois HealthcarecoreGTM or Marketing PartnerIroquois Healthcare is listed as an endorsing organization of MLMIC Insurance Company.
• Healthcare Association of New York State (HANYS)coreGTM or Marketing PartnerHANYS is listed as an endorsing organization of MLMIC Insurance Company.
• Medical Group Management Association (MGMA)coreGTM or Marketing PartnerMGMA is listed as an endorsing organization of MLMIC Insurance Company.
• HFMA (Healthcare Financial Management Association)coreGTM or Marketing PartnerHFMA is listed as an endorsing organization of MLMIC Insurance Company.
• Nassau County Dental SocietycoreGTM or Marketing PartnerOne of over 10 NY dental societies and associations that proudly endorse MLMIC for dental malpractice insurance.
• Suffolk County Dental SocietycoreGTM or Marketing PartnerOne of over 10 NY dental societies and associations that proudly endorse MLMIC for dental malpractice insurance.
• New York County Dental SocietycoreGTM or Marketing PartnerComponent district dental society that is among those endorsing MLMIC dental malpractice coverage.
• Bronx County Dental SocietyminorGTM or Marketing PartnerComponent district dental society that is among those endorsing MLMIC dental malpractice coverage.
• Queens County Dental SocietyminorGTM or Marketing PartnerComponent district dental society that is among those endorsing MLMIC dental malpractice coverage.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Market position

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/mlmic
• Facebookfacebook.com/profile.php?id=61560180295881
• LinkedInlinkedin.com/company/mlmic
• Instagraminstagram.com/mlmic_insurance_company

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Medical Liability Mutual Insurance Co