We help psychiatrists find medical malpractice insurance that fits their practice.
The psychiatrist-patient relationship is one of the most intimate in the field of professional health care. Although psychiatrists take pride in providing quality healthcare that makes the world a better place, they are still at risk of a medical malpractice claim. According to Medscape, 41% of psychiatrists report being named in at least one malpractice suit.
Psychiatrist Medical Malpractice Insurance Rates
Rates for psychiatrist medical malpractice insurance vary widely by location and the size of the practice. Mature claims-made estimates below are for informational purposes only. Occurrence coverage may be available. To get your personalized rate estimate, please request a quote.
| State | City | Premium Estimate | Limits of Liability |
|---|---|---|---|
| AL | Birmingham | $17,000 | $1,000,000/$3,000,000 |
| AR | Little Rock | $17,000 | $1,000,000/$3,000,000 |
| AZ | Phoenix | $20,000 | $1,000,000/$3,000,000 |
| CA | Los Angeles | $16,000 | $1,000,000/$3,000,000 |
| CO | Denver | $19,000 | $1,000,000/$3,000,000 |
| CT | Bridgeport | $19,000 | $1,000,000/$4,000,000 |
| DE | Wilmington | $20,000 | $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 | $25,000 | $250,000/$750,000 |
| GA | Atlanta | $19,000 | $1,000,000/$3,000,000 |
| HI | Honolulu | $19,000 | $1,000,000/$3,000,000 |
| IA | Des Moines | $16,000 | $1,000,000/$3,000,000 |
| ID | Boise | $16,000 | $1,000,000/$3,000,000 |
| IL | Chicago | $25,000 | $1,000,000/$3,000,000 |
| KS | Wichita | $17,000 + KS HCSF | $200,000/$600,000 |
| KY | Louisville | $18,000 | $1,000,000/$3,000,000 |
| IN | Indianapolis | $16,000 + IN PCF | $250,000/$750,000 |
| LA | New Orleans | $16,000 + LA PCF | $1,000,000/$3,000,000 |
| MA | Boston | $20,000 | $1,000,000/$3,000,000 |
| MD | Baltimore | $17,000 | $1,000,000/$3,000,000 |
| ME | Portland | $16,000 | $1,000,000/$3,000,000 |
| MI | Detroit | $25,000 | $1,000,000/$3,000,000 |
| MO | St. Louis | $18,000 | $1,000,000/$3,000,000 |
| MN | Minneapolis | $15,000 | $1,000,000/$3,000,000 |
| MS | Jackson | $18,000 | $1,000,000/$3,000,000 |
| MT | Billings | $18,000 | $1,000,000/$3,000,000 |
| NC | Charlotte | $14,000 | $1,000,000/$3,000,000 |
| ND | Fargo | $14,000 | $1,000,000/$3,000,000 |
| NE | Omaha | $17,000 | $1,000,000/$3,000,000 |
| NH | Manchester | $22,000 | $1,000,000/$3,000,000 |
| NM** | Albuquerque | $20,000 + NM PCF | $200,000/600,000 |
| NJ | Newark | $22,000 | $1,000,000/$3,000,000 |
| NV | Las Vegas | $22,000 | $1,000,000/$3,000,000 |
| NY | Manhattan, NY | $38,000 | $1,300,000/$3,900,000 |
| OH | Columbus | $17,000 | $1,000,000/$3,000,000 |
| OK | Oklahoma City | $16,000 | $1,000,000/$3,000,000 |
| OR | Portland | $16,000 | $1,000,000/$3,000,000 |
| PA | Philadelphia | $22,000 + MCARE | $500,000/$1,500,000 |
| RI | Providence | $16,000 | $1,000,000/$3,000,000 |
| SC | Charleston | $15,000 | $1,000,000/$3,000,000 |
| SD | Sioux Falls | $14,000 | $1,000,000/$3,000,000 |
| TN | Nashville | $16,000 | $1,000,000/$3,000,000 |
| TX* | Houston | $16,000 | $200,000/$600,000 |
| TX* | Houston | $18,000 | $1,000,000/$3,000,000 |
| UT | Salt Lake City | $15,000 | $1,000,000/$3,000,000 |
| VA | Virginia Beach | $18,000 | $2,500,000/$7,500,000 |
| VT | Burlington | $16,000 | $1,000,000/$3,000,000 |
| WA | Seattle | $16,000 | $1,000,000/$3,000,000 |
| WI | Milwaukee | $16,000 + PCF | $1,000,000/$3,000,000 |
| WV | Charleston | $18,000 | $1,000,000/$3,000,000 |
| WY | Cheyenne | $18,000 | $1,000,000/$3,000,000 |
*These states offer limit options
** Only Occurrence; no Claims-Made coverage
Why Psychiatrists Need Medical Malpractice Insurance
Fortunately, psychiatrists are less likely to be sued for malpractice than physicians from most other specialties.
When they are named in a lawsuit, however, the most common cause of a claim is suicide or attempted suicide. Psychiatrists also tend to be sued for:
There are three types of malpractice cases that are especially relevant to the psychiatrist-patient relationship:
There are basic steps psychiatrists can take to protect themselves and their practices from financial harm. Robust documentation and clear and specific treatment records are two essentials. Psychiatry MMC has an extensive list of specific behaviors that psychiatrists should avoid to reduce their risk of a lawsuit.
The right medical malpractice insurance will also protect you from multiple factors in the event of a lawsuit. These are:
Though many (not all) states have no legal requirement for psychiatrists to carry liability insurance, 93% of psychiatrists report having medical malpractice insurance.
MEDPLI believes that helping others helps us change the world for the better, too. We are motivated by the success of our clients and the well-being of their patients, and we’re proud to help psychiatrists in individual and small groups find what they need for their practices to thrive.