What Pro Mal Insurance does

Pro Mal Insurance is a private specialty insurance carrier headquartered in Beachwood, Ohio, founded in 2016 to address what it terms the "Medical Malpractice Cannabis Gap" — the exposure faced by licensed healthcare professionals whose standard malpractice policies typically exclude claims arising from drugs not approved by the FDA, including cannabis (a Schedule 1 substance). The company underwrites and distributes a single core product, the Affirmative Cannabis Wrongful Acts Policy, a supplemental professional liability policy that provides explicit coverage for cannabis-related medical advice claims, with optional limits up to $1 million per occurrence / $2 million aggregate, up to five years of retroactive coverage, and a $0 deductible option. The policy is structured not to be restricted by federal cannabis prohibitions, distinguishing it from primary malpractice carriers that exclude Schedule 1 drug-related claims.

The product is bundled with Risk Management Services — evidence-based cannabis education and policy updates — for a $250 annual fee, and supported by a dedicated claims department and online self-serve quote tool. Distribution is conducted inside-sales led via phone, email, and web forms, with parallel acquisition through at least six medical association partnerships (including the Association of Cannabinoid Specialists, Ohio and Florida medical marijuana physician associations, Physicians Cannabinoid Council, and Doctors for Cannabis Regulation) that offer Pro Mal as a member benefit. Coverage is available to licensed healthcare professionals in all 50 U.S. states and territories.

The business model is recurring subscription: individually underwritten insurance premiums plus a flat $250 risk management fee, generating annual revenue per policyholder in the low thousands at most. The company operates with 1–10 employees, no disclosed institutional funding, and no parent company, functioning as an independent specialty MGA-class operation reliant on association partnerships for customer acquisition and on its proprietary risk pool for underwriting stability.

Name

Pro Mal Insurance

Legal name

Pro Mal Insurance

Website

https://promalinsurance.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Pro Mal Insurance, founded 2016 in Beachwood, Ohio, underwrites supplemental professional liability insurance for licensed U.S. healthcare professionals facing the "Medical Malpractice Cannabis Gap," distributed across all 50 states via direct sales and medical association partnerships.

Ownership category

akta.pro rank

Product category

Medical Malpractice Insurance

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Healthcare Professional Liability (Med Mal) (FSAJAGAE)

Keywords

• Cannabis malpractice insurance
• Medical professional liability
• Supplemental malpractice coverage
• Healthcare cannabis insurance
• Cannabis risk management

Headquarters

HQ city

Beachwood

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premiums: Supplemental professional liability insurance premiums charged to healthcare professionals. Premiums are based on proprietary underwriting criteria considering individual profile such as specialty and practice location. Policyholders benefit from group purchasing power through the larger risk pool.
2. Risk Management Fee: A Risk Management fee of $250 is paid by policyholders, providing access to evidence-based cannabis education and risk management strategies.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Pro Mal Insurance underwrites and sells a supplemental professional liability insurance policy that provides affirmative coverage for cannabis wrongful acts committed by licensed healthcare professionals. The policy is designed to fill the Medical Malpractice Cannabis Gap created when primary malpractice carriers exclude Schedule 1 drug-related claims, and is paired with evidence-based cannabis risk management education and a dedicated claims intake process.

Product overview

Pro Mal Insurance operates as a single-product insurance company offering an Affirmative Cannabis Wrongful Acts Policy — a supplemental professional liability insurance product designed specifically to fill the 'Medical Malpractice Cannabis Gap.' This core policy covers healthcare professionals for claims arising from medical advice related to cannabis use, with optional limits up to $1 million per occurrence / $2 million aggregate. The company provides associated service touchpoints including a Personalized Quote Tool, Risk Management Services (for a $250 fee), and a Claims Reporting system. Coverage is available to licensed healthcare professionals in all 50 U.S. states and territories. The company also offers educational partnerships through the Association of Cannabinoid Specialists for continuing education courses.

Differentiator

Problem solved

Functional benefit

Products and services

• Affirmative Cannabis Wrongful Acts Policy Supplemental professional liability insurance providing affirmative coverage for claims arising from medical advice related to cannabis use, designed to fill the Medical Malpractice Cannabis Gap for licensed healthcare professionals. Optional limits up to $1 million per occurrence / $2 million aggregate, with a $0 deductible option available.
• Personalized Quote Tool Online form-based tool enabling healthcare professionals to request personalized quotes for cannabis wrongful acts coverage.
• Claims Reporting Service Online form and dedicated claims department (888-972-5378, Fax: 216-861-2957) for reporting cannabis-related incidents and wrongful act claims under the Affirmative Cannabis Wrongful Acts Policy.
• Risk Management Services Evidence-based cannabis education and risk management support included with policy coverage for a $250 fee, providing updates on policies and procedures related to cannabis medicine and the Endocannabinoid System, developed in partnership with the Association of Cannabinoid Specialists.

Quantifiable outcome

• 69% of healthcare professionals have patients asking about or requesting cannabis
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Association of Cannabinoid SpecialistscoreGTM or Marketing PartnerStrategic partnership with the Association of Cannabinoid Specialists to provide affirmative cannabis insurance coverage as a member benefit and to offer their evidence-based cannabis education programs including the Comprehensive Medical Cannabis Bundle course.
• Ohio Medical Marijuana Physicians AssociationcoreGTM or Marketing PartnerPartnership offering Pro Mal Insurance as a member benefit to Ohio-based physicians specializing in medical marijuana, addressing cannabis malpractice coverage gaps for their members.
• Association for Cannabis Health Equity and MedicinecoreGTM or Marketing PartnerPartnership to provide cannabis-specific malpractice insurance coverage and education to association members focused on cannabis health equity and medicine.
• Physicians Cannabinoid CouncilcoreGTM or Marketing PartnerPartnership providing Pro Mal Insurance coverage as a member benefit to physicians seeking cannabinoid education and cannabis-related liability protection.
• Doctors for Cannabis RegulationminorGTM or Marketing PartnerPartnership with organization advocating for cannabis legalization and regulation to provide member physicians with cannabis malpractice coverage options.
• Florida Medical Marijuana Physicians AssociationcoreGTM or Marketing PartnerPartnership offering Pro Mal Insurance as a member benefit to Florida physicians specializing in medical marijuana recommendations and treatment.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Coverys: Medical professional liability insurer with a strong focus on physician and hospital coverage. Comparable as a broad incumbent in healthcare professional liability addressing the same customer segment Pro Mal serves, with traditional cannabis exclusions.
• ProAssurance Corporation: Specialty property and casualty insurer with a significant medical professional liability franchise. Comparable as a broad incumbent healthcare malpractice carrier targeting the same physicians and medical groups Pro Mal serves.
• Healthcare Providers Service Organization (HPSO): Provider of professional liability and risk management products to individual healthcare professionals. Comparable as a broad incumbent malpractice and risk management provider serving the same SMB/individual healthcare professional segment Pro Mal targets.
• The Doctors Company: Largest physician-owned medical malpractice insurer in the U.S. Comparable because it provides professional liability coverage to the same pool of healthcare professionals that Pro Mal insures; it is a broad incumbent whose policies typically exclude cannabis-related wrongful acts, which Pro Mal explicitly covers.
• Hallmark Financial Services: Specialty property and casualty insurer with niche professional liability programs. Comparable as a broad specialty insurer capable of underwriting program business in medical-adjacent professional liability lines.
• CM&F Group: Long-standing provider of professional liability insurance for individual healthcare professionals. Comparable as a broad incumbent malpractice carrier for individual physicians and allied health professionals, the same core persona Pro Mal addresses.
• Aspen Insurance: Specialty property and casualty insurer with a strong professional liability and excess/surplus lines franchise. Comparable as a broad specialty insurer with the underwriting capacity and E&S distribution that Pro Mal's product sits adjacent to.
• NORCAL Group: Medical professional liability insurer providing claims-made and occurrence coverage to physicians and healthcare groups. Comparable as a broad incumbent malpractice carrier serving the same medical professional market that Pro Mal insures.
• MedPro Group: Healthcare professional liability carrier serving physicians, dentists, and other clinicians nationwide. Comparable as a broad incumbent malpractice provider serving the same healthcare professional customer base that Pro Mal targets, and currently does not affirmatively cover cannabis-related acts.
• MLMIC Insurance Company: New York-based medical liability mutual serving physicians, dentists, and hospitals. Comparable as a broad incumbent malpractice insurer for healthcare professionals, providing overlapping professional liability protection without affirmative cannabis coverage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/pro-mal-insurance

Revenue estimate

Valuation estimate

Number of profiles

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 Pro Mal Insurance