Frequently Asked Question:

Is medical malpractice insurance required by law?

Insurance Type
Related Industries
Healthcare Services
Related Coverages
Medical Malpractice

The Short Answer

Only a few states require it by statute. In practice, nearly every hospital, health system and many payers require it before you can work or bill.

The Full Answer

Most states don’t mandate malpractice insurance for physicians. A few require it outright or require participation in a state patient compensation fund, which comes with minimum coverage limits.

The bigger requirement is contractual. Hospitals require proof of coverage for privileges, usually at $1 million / $3 million. Many insurance networks and employers ask for the same. Going without coverage also puts your personal assets at risk in a lawsuit.

Check with your state medical board for current rules, and talk with your broker about what your hospitals and payers require.

Related Questions

Generally yes. Workers’ compensation is required in most states once you have employees, and delivery drivers and setup crews face some of the highest injury exposure in a rental business.

Party rental insurance premiums are driven mainly by inventory value, annual rental revenue, delivery operations, and claims history. Liberty prices each program from your operation rather than a flat rate.

Yes, in most cases. Personal auto policies often limit or exclude vehicles used for business, so trucks and trailers that deliver rental inventory generally need commercial auto coverage.

Contact Us

More questions? Talk to an Expert

Contact Liberty to work with an expert that can answer all your questions.