South Dakota Medical Malpractice Insurance

The Basics

  • 3 companies comprise 75% of the market.
  • 74 companies totaling $16,845,380 in direct written premium.
  • Number of Physicians: 1,874.
  • Population of South Dakota 2012: 833,354.

Tort Reform

South Dakota has a $500,000 cap on malpractice awards for non-economic damages such as pain and suffering. There is no cap for economic damages, which would include lost wages and medical expenses. Another type of limitation in malpractice suits is South Dakota’s periodic payment rule, which allows a judge to order installment payments in cases where there are over $200,000 in future damages rather than requiring that it be paid as a lump sum. South Dakota also uses a comparative fault rule where the damages can be reduced if the plaintiff is found to be partially at fault. In those cases the award is reduced by a percentage of fault determined by the jury.

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Statute of Limitations

A patient has 2 years from the date of the incident to file a medical malpractice claim in South Dakota. As with most states there are some exceptions to this rule. In the case of minors, the statute of limitations is extended to one year after the patient’s 18th birthday.

Liability Limits

South Dakota, like most states, does not have legally mandated minimum limits of liability coverage a doctor must carry. However, with non-economic damage awards that can be as much as $500,000 in addition to compensatory damages and punitive damages, it is advisable for most doctors to have standard $1M/$3M coverage limits.

Coverage for all medical specialties in South Dakota.

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Summary of the South Dakota Medical Malpractice Insurance Market

Overall South Dakota is one of the most favorable states for physicians practicing medicine. The frequency and severity of medical malpractice claims is relatively low and remains stable. Although the medical malpractice insurance market in South Dakota is dominated by one large carrier, physicians do have choices for coverage and premiums are lower there than average. With significant medical malpractice reforms in place this environment should continue over the next few years.