Your limits of liability are the maximum amount your carrier will pay out under your policy. Â Most doctors carry $1,000,000 per claim/$3,000,000 aggregate limits for professional liability. Â This means the most the carrier will pay is $1,000,000 per claim, not more than $3,000,000 in total.
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About the Author: Max Schloemann
Max Schloemann is a medical malpractice insurance broker helping physicians and surgeons secure Medical Professional Liability coverage. A Magna Cum Laude graduate of Southern Illinois University’s College of Business, he was named Outstanding Management Senior.
Max began his career in 2008 at an industry-leading firm and founded MEDPLI in 2017 to guide private practice doctors and physicians in transition through the complexities of malpractice insurance.
Outside of work, Max, his wife Kristen (a Physician Assistant), and their four kids enjoy the outdoors and attending the kids’ sporting events. For malpractice insurance questions, you can contact Max here.