Neurosurgeons put themselves at risk every day in the operating room. When performing such complex procedures, it’s equally as important to have coverage in the event something goes wrong as it is to have the proper education behind you to carry out the procedure.
Unfortunately, we can’t predict the future. We can, however, ensure that we have all our bases covered in the event a complication does arise. Medical malpractice insurance for neurosurgeons may be costly, but it can be even more costly for physicians to go without it. Let’s discuss further why neurosurgeon malpractice insurance is so important to physicians and why it’s worth the cost.
Neurosurgery is High-Risk in Nature
Neurosurgery is an incredibly complex, high-pressure, and delicate sect of medicine and is one of the most challenging in the industry. Because neurosurgery is so complex in nature, it is also naturally high-risk. Recent studies have revealed that neurosurgeons are generally sued more often than any other type of physician – nearly 20 percent of neurosurgeons face a claim annually and 80 percent are expected to encounter a claim at some point throughout their career.
Although neurosurgeons work safely and responsibly, there is always potential for harm during a neurosurgery procedure. Whether you’re hit with a claim due to a mistake you made during a procedure or you’re dealing with a flippant patient, your medical malpractice insurance will be there to act as a safety net.
What Neurosurgery Medical Malpractice Insurance Covers
Your neurosurgery malpractice insurance will cover some or all costs associated with defending you against a malpractice lawsuit. In addition, your malpractice insurance will cover any damages that may be awarded to the plaintiff if you are found liable, as well as any attorney fees.
Common concerns neurosurgeons are frequently sued for include:
- Delayed diagnosis or treatment
- Improper pre-operative and post-operative care
- Misdiagnosis of a condition
- Surgical errors
- Unnecessary surgical procedures
Having comprehensive medical malpractice insurance as a neurosurgeon is crucial to ensuring you have a safety net behind you in the event something goes wrong. According to recent studies (2006 – 2016), the average payment for cases that settled was nearly $380,000 and the average award for cases tried was more than $405,000.
Medical Malpractice Insurance Rates for Neurosurgeons
Because neurosurgeons are the most likely of all medical specialties to be sued for malpractice, their insurance rates tend to be higher than most. The overall cost of your medical malpractice insurance will ultimately depend on the state in which you live, the limits of your liability, and the type of surgery you perform.
To get a personalized rate based on your individual needs, we encourage you to request a free quote from eQuoteMD today. We are proud to house the largest network of medical malpractice insurance companies in the nation, ensuring you get the comprehensive coverage you need to practice medicine soundly.
Neurosurgeon Medical Malpractice Insurance Near Me
At eQuoteMD, we understand the importance of having comprehensive, reliable medical malpractice insurance as a high-risk medical practice. Neurosurgeons can greatly benefit from having a safety net behind them, ensuring they have coverage in the event of an emergency. We are proud to offer a wide range of resources to help physicians and providers alike find the perfect medical malpractice insurance company for them at an affordable rate.