Psychiatrist Medical Malpractice Insurance

Psychiatrist Reviewing Medical Malpractice Insurance Policies In Her Office

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.

MEDPLI helps match psychiatrists with tailored policies for individual and group practices at the best rates possible. Contact us today to get a quote for your psychiatrist medical malpractice insurance and save up to 28% on your insurance premiums.

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:

  • poor outcome/disease progression

  • failure to treat/delayed treatment

  • errors in medication administration

There are three types of malpractice cases that are especially relevant to the psychiatrist-patient relationship:

  • Exploitation of the relationship – such as becoming involved in a sexual relationship with a patient or allowing a patient to pay for treatment through personal favors

  • Third party liability – such as failing to warn the intended victim of a attack that the patient disclosed to you

  • Improper prescriptions – such as prescribing medications without obtaining informed consent or performing related testing and monitoring

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:

  • Monetary damages awarded to the plaintiff

  • Attorney’s fees

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.

Canceled or Non-Renewed? MEDPLI Is Your Best Ally.

Don’t settle for inadequate coverage and exorbitant rates.

Even when you are denied coverage, our insurance brokers can find you the right malpractice insurance solution at the lowest possible rate.


Get a fast quote for psychiatrist medical malpractice insurance.

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