Cardiologists deliver a wide variety of care and need customized medical malpractice insurance solutions that consider their practice’s diversity.
Interventional cardiologists, electrophysiologists, and other cardiac specialists are more likely to face a lawsuit than many other types of doctors.
A recent Medscape study on cardiology malpractice claims reported that 65% of cardiologists have been named as a defendant in a malpractice lawsuit
Nearly half of cardiologists reported being sued more than one time.
The average payout for cardiology malpractice verdicts in favor of the plaintiff from 2010 to 2015 was $2,266,745.50.
The surest way to protect yourself from lawsuit damages and attorney fees is by maintaining comprehensive medical malpractice insurance from an A-rated carrier. MEDPLI helps cardiologists save up to 28% on their insurance premiums. Contact us today to get a quote for your cardiologist medical malpractice insurance.
Why Cardiologists Need Medical Malpractice Insurance
Because of the diversity of the specialty, common cardiology malpractice claims include both diagnostic and procedural allegations. Cardiologists tend to be sued for:
wrongful death
complications from treatment/surgery
failure to diagnose/delayed diagnosis
poor outcome/disease progression
failure to treat/delayed treatment
abnormal injury
medication errors
poor documentation
According to a Medscape survey from 2019, cardiologists involved in a malpractice lawsuit reported that it took between 1-5 years to fully resolve the claim. When asked what they would do differently in the future, the top two responses cited were:
better documentation
spending more time with the patient and their family
The right medical malpractice insurance will ensure that you and your practice are protected from numerous factors in the event of a malpractice claim. These are:
Monetary damages awarded to the plaintiff
Attorney’s fees
Many states require cardiologists to carry malpractice insurance, but not all. Most hospitals require it if you want admitting privileges.
Cardiologist Medical Malpractice Insurance Rates
All cardiologists should review their policy with a qualified insurance broker to ensure that the correct medical malpractice coverage is in place for invasive, noninvasive, and/or interventional cardiology services.
Rates for cardiologist medical malpractice insurance vary widely by location and every practice is unique. Mature claims-made estimates below are for informational purposes only. Occurrence coverage may be available. Request a quote from MEDPLI today to explore occurrence and claims coverage options.
| State | City | Premium Estimate | Limits of Liability |
|---|---|---|---|
| AL | Birmingham | $10,000 | $1,000,000/$3,000,000 |
| AR | Little Rock | $10,000 | $1,000,000/$3,000,000 |
| AZ | Phoenix | $15,000 | $1,000,000/$3,000,000 |
| CA | Los Angeles | $10,000 | $1,000,000/$3,000,000 |
| CO | Denver | $15,000 | $1,000,000/$3,000,000 |
| CT | Bridgeport | $15,000 | $1,000,000/$4,000,000 |
| DE | Wilmington | $15,000 | $1,000,000/$3,000,000 |
| DC | Washington DC | $25,000 | $1,000,000/$3,000,000 |
| FL* | Miami | $30,000 | $1,000,000/$3,000,000 |
| FL* | Miami | $20,000 | $250,000/$750,000 |
| GA | Atlanta | $15,000 | $1,000,000/$3,000,000 |
| HI | Honolulu | $15,000 | $1,000,000/$3,000,000 |
| IA | Des Moines | $10,000 | $1,000,000/$3,000,000 |
| ID | Boise | $10,000 | $1,000,000/$3,000,000 |
| IL | Chicago | $30,000 | $1,000,000/$3,000,000 |
| KS | Wichita | $10,000 + KS HCSF | $200,000/$600,000 |
| KY | Louisville | $15,000 | $1,000,000/$3,000,000 |
| IN | Indianapolis | $10,000 + IN PCF | $250,000/$750,000 |
| LA | New Orleans | $10,000 + LA PCF | $1,000,000/$3,000,000 |
| MA | Boston | $15,000 | $1,000,000/$3,000,000 |
| MD | Baltimore | $20,000 | $1,000,000/$3,000,000 |
| ME | Portland | $10,000 | $1,000,000/$3,000,000 |
| MI | Detroit | $20,000 | $1,000,000/$3,000,000 |
| MO | St. Louis | $15,000 | $1,000,000/$3,000,000 |
| MN | Minneapolis | $10,000 | $1,000,000/$3,000,000 |
| MS | Jackson | $15,000 | $1,000,000/$3,000,000 |
| MT | Billings | $15,000 | $1,000,000/$3,000,000 |
| NC | Charlotte | $5,000 | $1,000,000/$3,000,000 |
| ND | Fargo | $5,000 | $1,000,000/$3,000,000 |
| NE | Omaha | $10,000 | $1,000,000/$3,000,000 |
| NH | Manchester | $20,000 | $1,000,000/$3,000,000 |
| NM** | Albuquerque | $20,000 + NM PCF | $200,000/600,000 |
| NJ | Newark | $20,000 | $1,000,000/$3,000,000 |
| NV | Las Vegas | $20,000 | $1,000,000/$3,000,000 |
| NY | Manhattan, NY | $45,000 | $1,300,000/$3,900,000 |
| OH | Columbus | $15,000 | $1,000,000/$3,000,000 |
| OK | Oklahoma City | $10,000 | $1,000,000/$3,000,000 |
| OR | Portland | $10,000 | $1,000,000/$3,000,000 |
| PA | Philadelphia | $20,000 + MCARE | $500,000/$1,500,000 |
| RI | Providence | $10,000 | $1,000,000/$3,000,000 |
| SC | Charleston | $10,000 | $1,000,000/$3,000,000 |
| SD | Sioux Falls | $5,000 | $1,000,000/$3,000,000 |
| TN | Nashville | $10,000 | $1,000,000/$3,000,000 |
| TX* | Houston | $10,000 | $200,000/$600,000 |
| TX* | Houston | $15,000 | $1,000,000/$3,000,000 |
| UT | Salt Lake City | $10,000 | $1,000,000/$3,000,000 |
| VA | Virginia Beach | $15,000 | $2,500,000/$7,500,000 |
| VT | Burlington | $10,000 | $1,000,000/$3,000,000 |
| WA | Seattle | $10,000 | $1,000,000/$3,000,000 |
| WI | Milwaukee | $10,000 + PCF | $1,000,000/$3,000,000 |
| WV | Charleston | $15,000 | $1,000,000/$3,000,000 |
| WY | Cheyenne | $15,000 | $1,000,000/$3,000,000 |
*These states offer limit options
** Only Occurrence; no Claims-Made coverage