Maryland Medical Professional Liability Insurance Market Summary

Medical Mutual of Maryland insures nearly 1 out 3 doctors in Maryland. However, doctors in Maryland now have many options for malpractice insurance from “A” rated carriers. Some of the top carriers trusted by Maryland physicians in 2019 include:

  • Medical Mutual

  • The Doctors Company

  • Medical Protective

  • ProAssurance

  • Aspen American Insurance Company

  • NORCAL Group

While Medical Mutual is a popular choice, many savvy private practice owners opt for coverage through The Doctors Company, NORCAL, Aspen American, ProAssuance, or MedPro. All of these carriers have a strong track record of defending Maryland doctors.

Each carrier uses its own proprietary methods of setting rates, thus rates vary from carrier-to-carrier, as well as specialty-to-specialty.

Malpractice Insurance Rates for Maryland Doctors

Malpractice Insurance rates in Maryland are higher than the national average. When insurance companies set rates, they consider location, specialty, and past claims history as some of the key factors in determining a rate for a physician malpractice insurance policy. Practices located in Baltimore pay more than the rest of the state. Each malpractice insurance policy is underwritten individually, but the following rates are estimates to give you an idea of costs by specialty.

Orthopedic Surgeons’ malpractice insurance premiums are in the neighborhood of $35,000 per year. Maryland internists and family doctors can expect to pay around $6,000-$9,000 per year for a policy with an “A” rated carrier providing $1,000,000/$3,000,000 limits of liability. Malpractice insurance for a Maryland Anesthesiologist would range from $9,000-$15,000. Maryland Plastic Surgeons pay around $25,000-$30,000.

To inquire about your own personalized quote, contact us.

Maryland Statute of Limitations – 5 years

According to Maryland Courts & Judicial Proceedings Code section 5-109, a medical malpractice lawsuit must be filed within five years of the time that the injury was committed, or within three years of the date the injury was discovered, whichever comes first. As a physician, it’s important to keep in mind that you will need tail coverage when your claims-made policy expires.

  • the standard deadline set by Michigan gives an individual two years from the date on which the alleged medical error was committed to file a lawsuit

  • if the injury is not discovered within the two-year deadline, the claim must be filed within six months of the discovery (or when it should have been discovered)

  • the state’s “statute of repose” requires that a claim be filed no more than six years after the date on which the underlying malpractice was committed, regardless of when the existence of the claim was discovered

  • the “statute of repose” does not apply to cases of malpractice fraud or when “there has been permanent loss of or damage to a reproductive organ resulting in the inability to procreate”

  • specific guidelines exist for minors who have suffered an injury based on the type of injury and the age of the child

  • Michigan’s Wrongful Death Act doesn’t specify an amount of time in which a wrongful death claim must be made. “Rather, any action filed under the Wrongful Death Act ‘borrows’ the statute of limitations that applies to the underlying cause of action”

Tail Insurance for Maryland Physicians

Tail coverage is an important aspect of the physician malpractice insurance equation. Obtaining tail coverage may be necessary when you are changing jobs. Employers typically cover their employed doctors while they work there, but the physician is usually responsible for obtaining tail coverage upon their departure. Your tail policy will cost approximately 200% of the expiring premium. For example, an orthopedic surgeon’s tail premium would be around $70,000 (assuming a $35,000 annual premium).

Since tail is a major expense, it’s important to be prepared to pay a large sum at the time you are changing jobs. MEDPLI can help you budget in advance. Contact us before you notify your employer of your resignation, so you can get head start.

When and why is tail insurance necessary?

Most malpractice insurance policies are written on a claims-made basis, which means the coverage is effective based on when the claim is actually made, not when the incident occurred. This is why you need tail coverage when your employer stops paying for your claims-made policy. Example below.

Example: Dr. Smith worked for ABC Medical Group of Maryland (fictitious name) from July of 2014 to April of 2019. The ABC Medical Group provided malpractice insurance to Dr. Smith while she was employed, but requires Dr. Smith to handle her own tail. Now she must get her own tail coverage for the period of concern (July 2014-April 2019). No claims have been made against Dr. Smith, but there is still potential that she could be sued up to 5 years after the last patient encounter, because the statute of limitations is 5 years for Maryland medical malpractice lawsuits. Dr. Smith would be wise to contact MEDPLI in her situation, because MEDPLI helps physicians cover their tail, while saving as much as 20% off of the quote provided by ABC Medical Group’s insurance carrier.

Closing Remarks

In summary, doctors in Maryland have many good options for their professional liability insurance. Not only does price matter to you, but the financial strength of your carrier is important – because your certificate of insurance is only as good as the company which stands behind you. Opt for Medical Professional Liability Insurance from an “A” rated carrier.

You can visit our get a quote page, email info@medpli.com or call 800-969-1339 to talk to a medical professional liability insurance specialist. MEDPLI helps private practices and doctors changing jobs with their claims-made and standalone tail insurance.

MEDPLI is proud to serve doctors, and we aim to make your Medical Malpractice Insurance easy for you.