Medical Malpractice Insurance
In today’s highly litigious society, physicians who perform surgery are at a higher risk of being implicated in a medical malpractice lawsuit. Doctors who specialize in general surgery are no exception. General surgeons will usually experience lower medical malpractice insurance premiums than cardiovascular surgeons or neurosurgeons, however, the cost for coverage of general surgery can still be very high. According to the American Medical Association, roughly 5% of physicians classify themselves as general surgeons.
Statistics for Surgeon Medical Malpractice
- Almost 50% of malpractice claims that go to trial involve a surgeon.
- According to the National Practitioner Data Bank, there are between 4,000 to 5,000 surgery related surgery-related medical malpractice payouts every year.
- The current mean surgery related medical malpractice payout in the United States is $222,285, up from $172,172 in the 1990s.
- There is an average delay of 5.56 years between the surgery that leads to a claim and a payout of said claim.
If the type or number of procedures carried out by general surgeons dramatically changes during a policy period, they must let their insurance company know. Your personal independent broker will ensure your coverage has been changed accordingly and that you are able to maintain adequate coverage for your medical practice.
eQuoteMD is your trusted partner when it comes to connecting you to the best General Surgery malpractice insurance coverage. Get your quote today! If you have any questions, you can contact our experts at our main office in St. Louis, Missouri, at (855) 823-5283.
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