POLICYHOLDER BENEFITS
Surplus/Reinsurance
Our policyholders have peace of mind knowing we have a conservative premium-to-surplus ratio of 4:1, and more surplus than any other Missouri mutual. We’re also the only medical professional liability insurer that’s backed by $36 Billion in reinsurance from Lloyd’s and two other “A” rated reinsurers for claims over $200K.
Keystone Capital®
A member savings program offered by Keystone Mutual, Keystone Capital® allows the Board of Directors to set aside a certain amount for each policyholder as a percentage of their premium. So long as they remain with Keystone Mutual and have not had a claim, they will be awarded this amount upon their retirement.
Low Risk Specialties
We’re only insurer that focuses on only 12 lower risk medical specialties, determined through proprietary analysis. Our policyholders are part of an exclusive group insured with only other physicians like them – lower risk doctors from similar specialties with good underwriting histories. This gives you more security and rate stability.
Choice of Defense Counsel
Keystone Mutual has thoroughly researched all Missouri medical malpractice defense counsel and identified several that are the best. All policyholders are able to meet their counsel and select who they want for their representation.
Cyber Liability/Medefense Coverage
Through our exclusive agency, Cogeris Insurance Group, we offer two key protections to give you more peace of mind. Comprehensive data security and privacy insurance covers you in the event of cyber threats and breaches – including extortion and multimedia liability. Medefense coverage protects you in the event of Medicare or Medicaid billing audits and investigations. This coverage starts with $50,000 Limits, and can be extended to $1M in coverage.
Unlimited, Free Legal Advice
Policyholders are encouraged to contact Keystone Mutual should they have a risk management issue; this resource is available 24/7. We at Keystone are confident that offering this service to our policyholders is the best way to mitigate risk – addressing risks proactively before they become an issue, thereby maintaining lower premiums for our policyholders.
Consent to Settle Plus®
Keystone Mutual takes Consent to Settle® further than any other insurer. Our policyholders may appeal our request to settle, first to the Claims Committee. The Committee is comprised of three members including two physician peer members. If the Claims Committee disagrees with claims staff, Keystone will not ask for settlement consent. If the Claims Committee does agree, the physician has a second opportunity to appeal to the Appellate Committee, which is again comprised of three different members including two physician peer members. Only after both Committees agree that a claim should be settled will we ask the policyholder for consent to settle.
