Medical malpractice insurance is a type of professional liability insurance that covers medical providers for allegations of professional negligence related to the services they render to patients.

Requirements and/or limits for medical malpractice insurance coverage vary by state. However, in almost every state, employers and third party payors/insurers requires coverage.

Some Employers Provide Coverage, Some Do Not

It is imperative for a physician, when taking a new position, to find out if you will be required to purchase your own medical malpractice insurance coverage or if it will be provided to you by your employer.

If you are in need of coverage, or would like to know the limits in your state, feel free to contact us.

Most physicians purchase the minimum level of coverage required by their state and/or institution. However, it is important to understand all of the limits associated with your policy and make sure that you feel comfortable with that level of coverage and understand if/when you may be required to pay any additional costs, fees and/or damages above those limits, should you incur a claim.If you would like to discuss the limits in your state and/or you are considering additional coverage, give us a call.

Many factors influence the cost of medical malpractice insurance, including:

• Location
• Medical Specialty
• Procedures Performed
• Years in Practice
• Claims History
• Regulatory or Disciplinary Actions
• Applicable Discounts