Medical Malpractice Insurance
Medical malpractice insurance is the most critical coverage for any healthcare provider. It protects physicians, surgeons, and other practitioners from claims alleging negligence, misdiagnosis, surgical errors, or failure to treat.
Occurrence vs. Claims-Made Policies
Occurrence Policy
Covers any incident that occurs during the policy period, regardless of when the claim is filed — even years later. More expensive but provides permanent protection.
Claims-Made Policy
Covers claims filed during the policy period. Requires "tail coverage" (extended reporting period) when you retire, change carriers, or close your practice. Lower initial premiums but requires ongoing management.
Malpractice Cost by Specialty
| Specialty | Typical Annual Cost |
|---|---|
| Family Medicine / Internal Medicine | $5,000–$15,000 |
| Pediatrics | $4,000–$12,000 |
| Psychiatry | $3,000–$8,000 |
| General Surgery | $20,000–$50,000 |
| OB/GYN | $30,000–$80,000 |
| Orthopedic Surgery | $25,000–$60,000 |
| Neurosurgery | $50,000–$100,000+ |
What Medical Malpractice Covers
- Misdiagnosis or delayed diagnosis
- Surgical errors and complications
- Medication errors and adverse reactions
- Failure to obtain informed consent
- Birth injuries and obstetric claims
- Anesthesia complications
- Legal defense costs (even for frivolous claims)
Why Compare Quotes?
Malpractice rates vary dramatically between carriers and states. Insura works with carriers specializing in medical risk to find competitive rates for your specialty and practice size.
