There is no standard figure. The range is usually set by your specialty and the procedures you perform, the requirements of any hospital, facility, or credentialing body you work through, whether the policy is written on a claims-made or occurrence basis and how any tail is handled, and the claim severity pattern in your field. Facility and credentialing requirements are often the practical floor. Because these are specific to the practice, review your individual needs with a licensed agent or qualified advisor.
Related FAQs
It's advisable to review your policy annually or whenever there is a significant change in your practice, such as new services offered or changes in patient volume ...
Yes, some policies offer retroactive coverage for incidents that occurred before the policy's start date. It's important to discuss this with your insurance provider.
In many states and by many medical institutions, having medical malpractice insurance is a legal requirement for practicing medicine. Check with your local regulations to ensure compliance ...
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