Frequently Asked Question:

How much does medical malpractice insurance cost?

Insurance Type
Related Industries
Healthcare Services
Related Coverages
Medical Malpractice

The Short Answer

It depends mostly on your specialty and state. High-risk surgical specialties pay many times what primary care or psychiatry pays, and rates in some states run far above others.

The Full Answer

No two quotes look alike, because carriers price on several factors at once:

  • Specialty and the procedures you perform
  • State and county, driven by local tort law and verdict history
  • Your claims history
  • Limits, commonly $1 million per claim and $3 million aggregate
  • Claims-made vs. occurrence, and the year of a claims-made step-up

Many carriers also offer credits for new-to-practice physicians, part-time schedules and completed risk management courses. A broker can compare those credits across carriers, which you can’t do with a single direct quote.

Related Questions

Tail coverage, or an extended reporting endorsement, lets a claims-made policy keep responding to claims filed after the policy ends. You need it when you leave a claims-made policy without prior acts coverage from the next carrier.

Claims-made covers claims filed while your policy is active. Occurrence covers incidents that happened during the policy period, even if the claim comes years later.

Yes — restaurants process card payment data through point-of-sale systems daily, and a breach affecting customer payment information typically isn’t covered under general liability, which is why cyber liability is now considered standard for the industry.

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