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 the Georgia Composite Medical Board whether they have malpractice insurance.
Though Georgia does not legally require medical malpractice insurance, most hospitals and medical facilities do require it of their resident physicians. Typical elected insurance minimums are $1,000,000 per occurrence and $3,000,000 per policy year. If your specialty is high-risk, such as it is for surgeons and OB/GYNs, higher coverage amounts are usually preferred.
Georgia: Medical Malpractice Insurance Outcomes for 2019
The total medical malpractice payout in Georgia for 2019 was $103,596,500.
TOTAL PAYOUT VS. OUTCOME
TYPE OF INJURY
PAYOUTS BY PATIENT TYPE
PAYOUTS BY PATIENT GENDER
GEORGIA MEDICAL MALPRACTICE INSURANCE RATES BY SPECIALTY
|Specialty||Approximate Rate||Minimum Rate||Maximum Rate|
|Cardiovascular Disease Minor Surgery||$19,000||$11,000||$22,000|
|Family Practice No Surgery||$12,000||$7,000||$16,000|
|Gastroenterology No Surgery||$14,000||$10,000||$21,000|
|Internal Medicine No Surgery||$12,000||$7,000||$16,000|
|Neurology No Surgery||$16,000||$10,000||$21,000|
|Obstetrics and Gynecology Major Surgery||$65,000||$50,000||$74,000|
|Ophthalmology No Surgery||$9,000||$5,000||$12,000|
|Orthopedic Surgery No Spine||$34,000||$18,000||$47,000|
|Pediatrics No Surgery||$13,000||$10,000||$16,000|
|Radiology – Diagnostic||$16,000||$9,000||$22,000|
*State filed rates from 2016
Whether you are an OB/Gyn in Atlanta, a Dermatologist in Savannah, or an Anesthesiologist in Augusta, MEDPLI will help you secure cost-effective medical malpractice insurance from an A-rated carrier. MEDPLI works with solo doctors and small groups of physicians practicing any specialty. If you’re a physician working in Georgia and looking for medical malpractice insurance, please request a quote.
MEDPLI offers tail insurance, group coverage, private practice malpractice coverage, and more. See our Products & Services page to find out how we can help you.