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Coverys builds comprehensive medical professional liability insurance solutions, serving as a national leader in safeguarding healthcare professionals and organizations. The company offers a wide array of customizable insurance coverage, complemented by specialized risk mitigation services and advanced risk analytics. Through its integrated RiskRx® PRO suite, Coverys equips clients with proactive strategies and powerful claims resolution, ultimately aiming to enhance patient outcomes and support quality care delivery.
The company's foundational entity, Medical Professional Mutual Insurance Company (ProMutual), was established in 1975 by an act of the Massachusetts Legislature. This formation as a Joint Underwriting Association addressed a critical market need, emerging during a period when commercial insurers were largely withdrawing from the medical malpractice insurance landscape in Massachusetts. This legislative response provided essential stability and continuity of coverage for healthcare providers facing significant challenges.
Coverys primarily serves healthcare professionals, including individual physicians, surgeons, hospitals, and larger healthcare systems. Its overarching mission is to support and protect the healthcare community, allowing providers to concentrate on patient care without undue burden from professional liability risks. The company envisions a future where its offerings and community initiatives continue to improve patient safety, promote healthy lifestyles, and foster improved clinical outcomes across the healthcare spectrum.
Key people at Coverys.
Key people at Coverys.
Coverys has 2 tracked investments across 2 companies. The latest tracked deal is $4.0M Other Equity in Osmosis - Knowledge Diffusion in June 2019.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jun 11, 2019 | Osmosis - Knowledge Diffusion | $4.0M Other Equity | Aydin Senkut | Figure Eight Investments, FundRx, Alan Patricof, LearnStart, Social Starts |
| Jun 1, 2019 | Osmosis | $4.0M Series A | Felicis Ventures | Adeyemi Ajao, Boost VC, Expon Capital, Andrew Wheeler, Bernardo Hernandez, OAK HC/FT, Plug & Play Ventures, Primetime Partners, Nicholas Shekerdemian, Charlie Songhurst, Greg Kidd, Mandeep Singh, Martin Varsavsky, Omid Ashtari, Paul Forster, Peter Pastewka, Figure Eight Investments, FundRx, Greycroft, LearnStart, Social Starts |