Top 5 Malpractice Insurance Carriers in New Jersey
We recommend carriers with an AM Best “A” or higher rating. An A-rating indicates financial strength, long-term solvency, and an established history of protecting New Jersey physicians.
2025 New Jersey Malpractice Insurance Rates by Specialty
These rate estimates are for informational purposes only and are based on the NJ standard limits of $1,000,000 for Each Claim / $3,000,000 Aggregate per year in coverage.
Quotes require a completed application and underwriter approval. Contact us for a custom estimate if you don’t see your specialty.
| Specialty | 2025 Annual Premium |
2025 Tail Premium |
|---|---|---|
| Anesthesiology | $18,000 | $36,000 |
| Cardiovascular Disease– Minor Surgery | $21,000 | $42,000 |
| Dermatology– No Surgery | $10,000 | $20,000 |
| Emergency Medicine | $35,000 | $70,000 |
| Family Practice– No Surgery | $14,000 | $28,000 |
| Gastroenterology– No Surgery | $17,000 | $34,000 |
| General Practice– No Surgery | $14,000 | $28,000 |
| General Surgery | $47,000 | $94,000 |
| Internal Medicine– No Surgery | $14,000 | $28,000 |
| Neurology– No Surgery | $20,000 | $40,000 |
| Obstetrics and Gynecology– Major Surgery | $85,000 | $170,000 |
| Occupational Medicine | $9,000 | $18,000 |
| Ophthalmology– No Surgery | $10,000 | $20,000 |
| Orthopedic Surgery– No Spine | $50,000 | $100,000 |
| Pathology– No Surgery | $13,000 | $26,000 |
| Pediatrics– No Surgery | $14,000 | $28,000 |
| Pulmonary Disease– No Surgery | $19,000 | $38,000 |
| Psychiatry | $9,000 | $18,000 |
| Radiology – Diagnostic | $19,000 | $38,000 |
New Jersey Medical Malpractice Payouts From 2015-2023
Types of Professional Liability Insurance for New Jersey Physicians
Types of Professional Liability Insurance for New Jersey Physicians
Physicians in New Jersey can choose between these two primary types of medical malpractice insurance:
- Provides coverage for incidents that occurred during the policy period IF the claim is filed while the policy is still active. If a claim is filed after the policy ends, that claim is NOT covered.
- Typically, it offers lower premiums at the start of the policy, but rates increase yearly as the policy matures.
- Physicians must obtain tail insurance coverage when a claims-made policy ends to ensure protection against future claims related to incidents that occurred during the policy period. Tail insurance premiums require a one-time cash payment equal to approximately 200% of the claims-made policy’s annual premium.
- Provides coverage for incidents that occurred during the policy period, regardless of when a claim is reported to the carrier.
- Typically, it offers more costly premiums at the start of the policy, but the rate stays constant throughout the policy’s duration.
- Physicians do not need tail coverage when an occurrence policy ends.
In 2023, New Jersey physicians were held liable for 347 medical malpractice payouts.
- Average Payout: $557,149
- Total Payout: $193,330,750
(Source: National Practitioner Data Bank)
Does New Jersey Have Damage Caps for Medical Malpractice Lawsuits?
Economic and non-economic damages are not capped in the state of New Jersey, but punitive damages are regulated and shall not exceed the greater of $350,000 or five times the amount of compensatory damages.
New Jersey Statute of Limitations for Medical Malpractice Claims
In New Jersey, the statute of limitations for medical malpractice claims is 2 years from the date of injury, wrongful death, or discovery of the injury.
Exceptions:
- For birth-related injuries, claims can be filed until the child’s 13th birthday.
- For minors, the limitations are tolled until age 18, allowing claims to be filed until the plaintiff’s 20th birthday.
- Fraudulent concealment by the defendant.
- Continuous treatment may be grounds for an extension.
- Plaintiff’s mental incapacity.
Why New Jersey Doctors Partner with MEDPLI
We exclusively broker medical malpractice insurance, focusing daily on making the professional liability process less burdensome and expensive for doctors.
With MEDPLI, New Jersey physicians:
MEDPLI helps doctors in every specialty.
Whether you’re a Cardiologist in Newark or an Audiologist in Asbury Park, MEDPLI will provide you with premier coverage at a competitive rate. Call 800-969-1339 or Request a Quote.
