Table of Contents
Top 5 Medical Malpractice Insurance Companies 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 NJ physicians and suregons.
What is the Cost of Medical Liability and Malpractice Insurance in New Jersey?
What is the Cost of Medical Liability and Malpractice Insurance in New Jersey?
These rate estimates are for informational purposes only and are based on the NJ standard limits of $1,000,000 per claim and $3,000,000 aggregate per year.
Quotes require a completed application and underwriter approval. Contact us for a custom estimate if you don’t see your specialty.
Average Cost of Medical Malpractice Insurance
by Specialty in New Jersey
(2026 data, $1M/$3M coverage)
| Specialty | 2026 Annual Premium |
2026 Tail Premium |
|---|---|---|
| Anesthesiology | $18,360 | $36,720 |
| Cardiovascular Disease– Minor Surgery | $21,420 | $42,840 |
| Dermatology– No Surgery | $10,200 | $20,400 |
| Emergency Medicine | $35,700 | $71,400 |
| Family Practice– No Surgery | $14,280 | $28,560 |
| Gastroenterology– No Surgery | $17,340 | $32,680 |
| General Practice– No Surgery | $14,280 | $28,560 |
| General Surgery | $47,940 | $95,880 |
| Internal Medicine– No Surgery | $14,280 | $28,560 |
| Neurology– No Surgery | $20,400 | $40,800 |
| Obstetrics and Gynecology– Major Surgery | $86,700 | $173,400 |
| Occupational Medicine | $9,180 | $18,360 |
| Ophthalmology– No Surgery | $10,200 | $20,400 |
| Orthopedic Surgery– No Spine | $51,000 | $102,000 |
| Pathology– No Surgery | $13,260 | $26,520 |
| Pediatrics– No Surgery | $14,280 | $28,560 |
| Pulmonary Disease– No Surgery | $19,380 | $38,760 |
| Psychiatry | $9,180 | $18,360 |
| Radiology – Diagnostic | $19,380 | $38,760 |
Have a question? Get fast answers from a U.S.-based MEDPLI agent. Call 1-800-969-1339 or email info@medpli.com.
Average Medical Malpractice Payouts in New Jersey From 2015-2024
In 2024, New Jersey physicians were held liable for 644 medical malpractice payouts.
- Average Payout: $543,448
- Total Payout: $349,980,750
(Source: National Practitioner Data Bank)
Professional Liability Insurance Options 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 higher premiums at the start of the policy, but the rate remains constant throughout the policy’s duration.
- Physicians do not need tail coverage when an occurrence policy ends.
Does New Jersey Medical Malpractice Damage Caps?
Economic and non-economic damages are not capped in New Jersey. Still, punitive damages are regulated and shall not exceed the greater of $350,000 or five times the amount of compensatory damages.
What Is the New Jersey Statute of Limitations for Medical Malpractice?
In New Jersey, the statute of limitations for medical malpractice claims is 2 years from the date of injury, wrongful death, or the date of 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.
Canceled or Non-Renewed? MEDPLI Is Your Best Ally.
New Jersey Physicians & Surgeons 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:
New Jersey Medical Malpractice Insurance FAQ
Medical malpractice insurance costs in New Jersey vary widely depending on your specialty, claims history, and coverage limits. Lower-risk specialties may pay tens of thousands per year, while high-risk fields such as OB-GYN, surgery, or anesthesiology often see significantly higher premiums.
Since New Jersey is considered a higher-risk malpractice state, rates tend to be above the national average.
New Jersey does not require physicians to carry medical malpractice insurance by law. However, most hospitals, healthcare systems, and group practices require coverage for credentialing and employment. Carrying malpractice insurance is also considered standard risk protection for practicing physicians in the state.
MEDPLI works with New Jersey doctors to find coverage that meets hospital requirements without overpaying for unnecessary limits.
Several factors influence malpractice insurance costs in New Jersey, including your medical specialty, years of experience, prior claims, coverage limits, practice setting, and whether your policy is claims-made or occurrence-based. Geographic location and patient volume can also play a role.
We simplify the process by reviewing multiple carriers at once, helping physicians find coverage that fits both their risk profile and budget.
Get Your Quote for Medical Malpractice Insurance in New Jersey
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.
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About the Author
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.
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