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.