Virginia: Medical Malpractice Insurance Requirements for 2020
Virginia state law does not require practicing physicians to be covered by medical malpractice insurance. However, many Virginia-based hospitals, outpatient surgical facilities, and health care centers require providers, as a condition of credentialing, to carry malpractice insurance with liability limits that match or exceed the cap on damages. Virginia’s cap on medical malpractice damages increases every year; for 2020, the liability cap per injury is set at $2,450,000 and will reach $2,950,000 by 2030.
Typical elected insurance minimums are $1,000,000 per occurrence and $3,000,000 per policy year. If your specialty is high-risk, such as it is for surgeons and OB/GYNs, higher coverage amounts are usually preferred.
Virginia: Medical Malpractice Insurance Outcomes for 2019
TOTAL PAYOUT
The total medical malpractice payout in Virginia for 2019 was $31,474,350.
TOTAL PAYOUT VS. OUTCOME
TYPE OF INJURY
PATIENT AGE
PAYOUTS BY PATIENT TYPE
PAYOUTS BY PATIENT GENDER
VIRGINIA MEDICAL MALPRACTICE INSURANCE RATES BY SPECIALTY
| Specialty | Approximate Rate | Minimum Rate | Maximum Rate |
|---|---|---|---|
| Anesthesiology | $13,000 | $10,000 | $18,000 |
| Cardiovascular Disease Minor Surgery | $17,000 | $12,000 | $24,000 |
| Emergency Medicine | $28,000 | $19,000 | $38,000 |
| Family Practice No Surgery | $12,000 | $8,000 | $18,000 |
| Gastroenterology No Surgery | $14,000 | $10,000 | $18,000 |
| General Practice No Surgery | $12,000 | $8,000 | $18,000 |
| General Surgery | $41,000 | $19,000 | $53,000 |
| Internal Medicine No Surgery | $13,000 | $9,000 | $18,000 |
| Obstetrics and Gynecology Major Surgery | $58,000 | $32,000 | $86,000 |
| Occupational Medicine | $7,000 | $6,000 | $9,000 |
| Ophthalmology No Surgery | $8,000 | $5,000 | $14,000 |
| Orthopedic Surgery No Spine | $32,000 | $19,000 | $43,000 |
| Pediatrics No Surgery | $12,000 | $8,000 | $18,000 |
| Psychiatry | $9,000 | $6,000 | $14,000 |
| Radiology – Diagnostic | $15,000 | $10,000 | $22,000 |
*State filed rates from 2016
We help doctors all across Virginia – OB/GYNs in Richmond, cardiologists in Norfolk, surgeons in Charlottesville, and more. If you’re a Virginia-based doctor in need of medical malpractice insurance, request a quote today.
MEDPLI offers tail insurance, group coverage, private practice malpractice coverage, and more. See our Products & Services page to find out how we can help you.
