It’s the nature of medicine; complications occur. Make sure you and your practice are properly covered when allegations arise.
We partner with industry-leading insurers committed to supporting healthcare professionals.
Medical Malpractice Insurance
Who we provide cover for
We specialize in customizing comprehensive malpractice insurance tailored to the unique needs of medical professionals across a broad spectrum of healthcare roles and institutions, including:
- Doctors
- Surgeons
- Nurses
- Retiring Physicians
- Residents
- Medical Students
- Practices, Hospitals & other Healthcare Facilities
What medical malpractice insurance covers
Medical malpractice coverage (a specific type of professional liability insurance designed for medical professionals) addresses liability that may arise from covered claims related to errors in diagnosis, treatment, aftercare, or overall health management. This insurance is also commonly referred to as medical liability insurance.
Various plans are available, such as occurrence, claims made, and modified claims made coverage through top-rated insurers, ensuring medical professionals receive the protection they need.
How much does medical malpractice insurance cost?
Premiums vary based on several factors, including but not limited to: specialty, procedures, hours, claims history, entity type, and geographic litigation patterns.
We’re committed to putting your needs first and helping you manage costs proactively.
“I don’t know what good rates are, Physicians Insurance do.”
Jeff Greenberg , MD, MBA, Firefly Health
Request a free, no-obligation quote today
Is it time to examine your current policy? Remember, what you don’t know can hurt you.
The simplest way to mitigate risk is through thorough preparation. At Physicians Insurance, we are best placed to help enhance your preparedness.
With our extensive experience and deep industry knowledge, we are confident in our ability to tailor a competitively priced insurance program that addresses your unique needs.
Simply complete the form to request a free, no-obligation quote, and we will contact you to discuss your options.
FAQs
What is medical malpractice insurance?
Medical malpractice insurance is essential for protecting against claims that arise from allegations of errors in diagnosis, treatment, aftercare, or health management. It provides a safety net if a lawsuit occurs, especially in high-risk specialties.
Who needs medical malpractice insurance?
Medical malpractice insurance is not required in every state, but it is a prudent decision for all medical professionals. Carrying this insurance helps safeguard against potential claims and ensures the stability and integrity of your practice.
Which states require medical malpractice insurance?
Medical malpractice insurance is not mandatory in every state. However, there are several states including Colorado, Connecticut, Kansas, Massachusetts, New Jersey, Rhode Island, and Wisconsin that require physicians to carry and maintain it.
It is beneficial to periodically review your coverage, assess the reasons for your choices, and discuss any current options that might be relevant. This ensures you are up-to-date with changing medico-legal conditions and aware of insurance requirements specific to your state.
Is medical malpractice insurance the same as professional indemnity?
While both protect against negligence claims related to professional services, medical malpractice insurance specifically covers healthcare providers against claims of medical negligence or harm caused to patients due to improper care or errors.
Does umbrella insurance cover medical malpractice?
Umbrella insurance generally extends the limits of an existing liability policy, but it typically does not cover medical malpractice by default.
Is medical malpractice insurance tax deductible?
Yes, for most healthcare professionals, medical malpractice insurance premiums are tax deductible as a business expense. This helps reduce the overall cost of carrying insurance by lowering taxable income, but it’s always best to consult with a tax advisor to understand specific deductions applicable to your situation.
What kinds of physicians do you find cover for?
We source insurance coverage for a wide range of medical professionals within the healthcare industry, including Bariatric Surgeons, Emergency Physicians, Family Physicians, Neurosurgeons, Oral Surgeons, Orthopedic Surgeons, Plastic Surgeons, Primary Care Doctors, General Surgeons, and VA Physicians. Our services are designed to meet the diverse needs of these specialists through customized malpractice insurance quotes.
What must be proven in a claim?
For a claim to be proven the following criteria must all be present:
- There must exist a duty of care,
- breach of that duty of care,
- direct connection between the injury and the breach of duty, and
- actual damages.
RELATED INFORMATION
Physicians Insurance can explore solutions for your practice entities, hospitals and healthcare facilities.
Entity coverage is most often designed to cover vicarious professional liability exposures, while hospital and facility policies are typically designed to cover the risk from both vicarious professional liability and general liability.
Critical to the healthcare process, allied health professionals complement physicians’ overall quality of care.
Whichever role you play in the multifaceted healthcare industry, Physicians Insurance will customize professional liability coverage for your physician assistants, nurse practitioners and other advanced practice professionals.
Even in non-clinical roles, allegations can occur. And, when they do, you need E&O coverage to protect you and your assets.
For non-clinical activities, such as consulting in the pharmaceutical world, expert witness work in the courts, or paper reviews of medical files (i.e. workers compensation claim file reviews), Physicians Insurance can assist you to obtain tailored miscellaneous E&O coverage for your protection.