Business Details
50+ Years
experience
Trusted Medical Malpractice Insurance & Legal Defense
Founded in 1975 by a group of Tennessee physicians, SVMIC has grown into the premier provider of medical malpractice insurance in the Southeast. As a mutual company owned by our policyholders, we prioritize physician needs through aggressive legal defense, financial stability, and member-driven decision-making. Our team of over 140 experts in law, claims, and risk management delivers personalized support, including 24/7 access to in-house attorneys for medico-legal consultations. With a 40-year A (Excellent) rating from A.M.Best and over $821 million in policyholder surplus, we combine deep industry knowledge with innovative resources like our Compliance Center and tailored education programs. Our Mutual Value Plan rewards long-term members, while physician-led forums ensure our services evolve with practitioner feedback. For 50 years, we've protected 24,000+ physicians across 11 states, embodying core values of integrity, collaboration, and unwavering service to the medical community.
Services
Medical Malpractice Insurance
Legal Defense Representation
Risk Management Consulting
Compliance Resources
Physician Education Courses
Member Benefits Programs
Details
- Year established: 1975
Highlights and features
- We offer 50 years of physician-led insurance expertise
- Our mutual ownership structure aligns with policyholder interests
- Aggressive legal defense reduces settlements by 30% vs. competitors
- Over $821 million in policyholder surplus ensures financial stability
- Real-time access to in-house medico-legal attorneys
Associations and certifications
- A.M. Best Company (A Excellent rating)
What people say
Aggressive legal defense
Physician-owned structure
Valuable practice resources
30% fewer settlements
Real-time attorney access
Services
Medical Malpractice Insurance
We provide specialized liability coverage tailored for physicians and healthcare providers. Our policies include aggressive legal defense, risk management resources, and financial protection with over $821 million in policyholder surplus. As a mutual company owned by policyholders, our coverage prioritizes medical professionals' unique needs while maintaining a 40-year A (Excellent) rating from A.M. Best Company.
Legal Defense Representation
Our in-house legal team offers 24/7 medico-legal consultation and courtroom defense. With 30% fewer settlements than industry averages, we combine physician-owned perspective with legal expertise to protect medical professionals. Services include case strategy development, deposition preparation, and trial representation focused on preserving practitioners' reputations and licenses.
Risk Management Consulting
We deliver proactive strategies to minimize liability exposure through customized practice evaluations. Our consultants provide guidance on documentation standards, patient communication, and compliance protocols. This includes access to our Compliance Center resources and educational programs designed to enhance patient safety while reducing malpractice risks across various medical specialties.
Physician Education Courses
Our continuing education programs address evolving legal and clinical challenges faced by healthcare providers. Offered in multiple formats, these courses cover topics like documentation best practices, risk mitigation strategies, and regulatory compliance. Developed with physician input, our curriculum combines medical expertise with legal insights to improve practice safety and reduce liability exposure.
Member Benefits Programs
We share our mutual success through exclusive benefits including the Mutual Value Plan loyalty program. Members receive practice management resources, educational materials, and financial rewards based on tenure. Our physician-led forums ensure benefits evolve with practitioner needs, offering tools for practice efficiency, patient safety improvements, and professional development opportunities.
People
John H. Mize
President & CEO
John H. Mize leads SVMIC with actuarial expertise and deep understanding of physician needs. As a Fellow of the Casualty Actuarial Society and credentialed member of the American Academy of Actuaries, he drives strategic growth while maintaining the company's mutual mission of protecting healthcare providers.
Michael A. Ricciardelli
Chief Financial Officer
Michael A. Ricciardelli oversees SVMIC's financial operations with CPA credentials and extensive insurance industry experience. He ensures fiscal responsibility and transparency in managing over $821 million in policyholder surplus, supporting the company's 40-year A (Excellent) rating from A.M. Best Company.
Stephen A. Dickens
Vice President, Risk & Practice Management
Stephen A. Dickens provides risk management leadership as a Fellow of the American College of Medical Practice Executives. With legal and healthcare administration expertise, he develops resources to help physicians reduce liability exposure through improved practice protocols and compliance strategies.
Questions
What makes SVMIC different from other malpractice insurers?
As a mutual company owned by physicians, we combine industry expertise with member-driven priorities. Our aggressive legal defense approach reduces settlements by 30% compared to competitors, and we share profits through our Mutual Value Plan loyalty program.
How does SVMIC support policyholders during legal claims?
Our in-house legal team provides 24/7 medico-legal consultation and courtroom representation. Policyholders receive personalized support from attorneys who understand both medical practice and legal challenges faced by healthcare providers.
What risk management resources are available?
We offer practice evaluations, compliance guidance, and educational programs through our Compliance Center. These resources help physicians implement documentation standards and communication strategies to reduce liability exposure across various specialties.
Which states does SVMIC serve?
We provide malpractice insurance in Alabama, Arkansas, Georgia, Kentucky, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, and Virginia, with specialized understanding of regional medical liability environments.
How does SVMIC maintain financial stability?
With over $821 million in policyholder surplus and a 40-year A (Excellent) rating from A.M. Best Company, we maintain strong financial reserves through prudent risk management and conservative investment strategies to ensure long-term protection for physicians.
Reviews (1)
Pt Repo
May 18, 2021
Report
Critical: Professionalism Judy Musgrove is a horrible human being to work with. It feels like she doesnt care about anyone other than herself. If you've ever worked with someone conniving, back stabbing, and straight out thief you know how it feels.
