There is no standard figure. The range is usually set by your specialty and the procedures you perform, and by the requirements of any hospital, facility, or credentialing body you work through. It also depends on whether the policy is written on a claims-made or occurrence basis, 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
Annually, and any time the practice changes what it does. Adding a procedure, adding an advanced practice provider you supervise, opening a second location, or treating patients by telehealth ...
To the retroactive date on your declarations, and no further. A claims-made policy names a date, and an incident that occurred before it is outside the coverage even if ...
On a claims-made policy, the answer depends on what you buy at the end. A claims-made form responds to claims reported while it is in force, so cancelling it ...
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