JACKSONVILLE, Fla., Aug. 18, 2015 (GLOBE NEWSWIRE) -- Jacksonville-based MedMal Direct Insurance Company (MedMal Direct) has been recognized in the top 20 percent of Inc. 5000’s fastest growing private companies in America. Every year, Inc. Magazine publishes their “5000 list,” providing insight into revenue growth and development of U.S privately held companies. MedMal Direct is honored to receive the 929th ranking on the 34th annual release of the list. This achievement puts MedMal Direct in the company of brands such as Microsoft, Vizio, Intuit, Chobani, Oracle, Zappos.com and many other well-known names who gained early exposure as members of the Inc. 5000.
"The story of this year's Inc. 5000 is the story of great leadership. In an incredibly competitive business landscape, it takes something extraordinary to take your company to the top," says Inc. President and Editor-In-Chief Eric Schurenberg. "You have to remember that the average company on the Inc. 5000 grew nearly six-fold since 2012. Business owners don't achieve that kind of success by accident."
Since 2011 MedMal Direct has experienced 480% revenue growth – ending 2014 with more than $14 million in annual premium. “We are honored to be recognized by Inc. Magazine and thrilled to be in the company of these elite brands. Our dedication to impacting physicians’ bottom line, while providing the coverage they need and superior customer service, has set us apart,” said Butler Ball, CEO of MedMal Direct. This is MedMal Direct’s 1st appearance on the list. Besides ClaimProtector® (Medical Professional Liability Insurance), MedMal Direct offers DirectTail® Coverage (stand-alone “tail coverage” for healthcare providers), CyberProtector® and ComplianceProtector® lines.
About MedMal Direct Insurance Company: MedMal Direct Insurance Company (MedMal Direct) is the only multi-state medical malpractice insurance carrier to exclusively offer its policies direct to physicians. The company enables physician practices in Florida, Georgia, Illinois, Missouri, North Carolina, Ohio, Texas and Pennsylvania to realize significant savings on one of their largest expenses – medical professional liability insurance premiums. MedMal Direct has earned and maintains a Financial Stability Rating® of A, Exceptional, from Demotech, Inc. and is backed by a panel of A.M. Best A (Excellent) and A+ (Superior) rated international reinsurers with $425 billion in assets, including Liberty Mutual Insurance Company. Visit MedMalDirect.com for more information.