Medical Trust

Medical Trust Rates

The Trust seeks to offer the lowest premium over the long term to all of our members.

Our Trust is able to offer competitively priced insurance to its member physicians due to our underwriting of new members, claims philosophy, and low expenses. The Trust seeks to offer the lowest premium over the long term to all of our members. Part of the reason for the low overhead is there is no middle-man.  The Trust is operated by South Pinellas Management Company which sells the policies. Thanks to careful management, the Trust's expenses have averaged less than 12% of premiums paid.  This compares favorably to the average expense factor for an insurance company of over 20%. That means that on average at other insurance companies, only 80% of the funds collected are available for the payment of claims.  In the case of the Trust, with expenses of less than 12%, more than 88% of premiums collected are available to pay claims or to be returned to member physicians. 

The Trust is also intensely local, operated by physicians for physicians in Pinellas County.  While other companies pull in and out of Florida, writing professional liability insurance like they do homeowners insurance, the Trust will be here for physicians as long as the physicians want the Trust to exist for their benefit

Our Medical Malpractice Insurance Rates are among the lowest in Florida