Virginia: Medical Malpractice Insurance Requirements for 2020 Virginia state law does not require practicing physicians to be covered by medical malpractice insurance. However, many Virginia-based hospitals, outpatient surgical facilities, and health care centers require providers, as a condition of credentialing, to carry malpractice insurance with liability limits that match or exceed the [...]
Georgia: Medical Malpractice Insurance Requirements for 2020 Georgia state law does not require physicians to carry medical malpractice insurance. However, Georgia's laws do stipulate that patients have the right to ask their doctor if they carry medical malpractice insurance. The state’s Patient Right to Know Act also requires physicians to disclose to [...]
New Jersey: Medical Malpractice Insurance Requirements for 2020 New Jersey is one of the few states that require doctors to carry a minimum amount of medical malpractice insurance. In addition to being a state requirement, some hospitals and other facilities require that visiting doctors have medical malpractice coverage. New Jersey’s legal insurance [...]
Maryland: Medical Malpractice Insurance Requirements for 2023 Maryland physicians are not legally required to carry medical malpractice insurance. If a physician chooses to forego coverage, they are required to notify their patients in writing at the time of the patient’s first visit, and as part of obtaining the patient’s informed consent for [...]
New York State: Medical Malpractice Insurance Requirements for 2020 New York state does not legally require that practicing physicians carry medical malpractice insurance. However, general hospitals in New York usually do require that physicians maintain professional liability insurance before granting privileges. The liability amount required by NYS hospitals is usually $1,300,000 per [...]
In my last blog post, I wrote about the dangers of choosing a financially insecure provider for your medical malpractice insurance. Typically, you can find out who these insecure carriers are because of their less than stellar A.M. Best rating. But did you know some carriers aren’t rated at all? Before [...]
On February 11, 2019, Capson Physician Insurance Company was placed into rehabilitation by the State of Texas. At one time an up-and-coming star of the medical malpractice insurance industry, three years of operating losses and dwindling capital forced regulators to intervene. On the outset, Capson seemed like a thriving company, but by June [...]
As a physician, your time is valuable! When you apply for new medical staff privileges or change jobs, you face a mountain of paperwork for credentialing. Within those papers, a section will ask you to supply details of your Medical Professional Liability Insurance (aka Med PLI or Malpractice Insurance). Securing the right malpractice [...]
Medical malpractice insurance provides asset protection to doctors in the event they are sued for professional negligence (errors or omissions). Another term used for this type of coverage is Medical Professional Liability Insurance, the inspiration for the MEDPLI name. All practicing physicians in the United States should have some type of protection against [...]
The average malpractice lawsuit incurs $30,000 in defense costs, while some cases incur legal expenses upwards of $100,000. Does malpractice insurance cover legal fees? Yes. Your medical professional liability insurance policy will cover the legal expenses when defending you against claims of malpractice. If it does not, you have a very weak policy and [...]
