Skip to ContentSkip to Footer

Medical Malpractice Insurance

Surgeons during medical procedure.

Medical malpractice coverage is an essential part of practicing medicine. Medical professional liability insurance, also called medical malpractice insurance, protects doctors and other licensed healthcare providers from liability for bodily injury, property damage, mental anguish, and other types of personal injury associated with wrongful practices.

A high percentage of a healthcare provider’s premium dollar goes toward defense and containment expenses. Unfortunately, medical malpractice insurers spend a great deal of money investigating and defending claims involving adverse patient outcomes that did not result from negligence.

Types of Malpractice Insurance

The basic medical malpractice insurance types are:

  • Claims made: The policy in effect at the time the claim is reported responds to the loss.
  • Occurrence made: This type of policy covers losses occurring during the policy period, regardless of when the claim is made, and even if the policy has been canceled when the claim is reported.
  • Convertible claims made: This is a particular type of claims-made policy that allows the insured to convert claims-made coverage to occurrence coverage without paying for tail coverage.

Cost of Medical Malpractice Insurance

The cost of medical malpractice insurance varies, depending on a number of factors, including:

  • Location of practice (costs vary from state to state)
  • Type of practice (the risk of malpractice claims is higher for some specialties)
  • Amount of coverage needed

Our agent at The B.I.G. Insurance Agency in New Caney, Texas, can help you keep your medical malpractice insurance costs down while ensuring that you have the protection you need in today’s litigious environment.

Instant Surety Bond Quotes
Get A Quote

* indicates required fields

This field is for validation purposes and should be left unchanged.

Customer Reviews
5/5

Great friendly service!!!

MP
Michael P
5/5

I've recently got a car loan from State Farm an they were really friendly, the...

nenaflores90
nenaflores90
5/5

Santos provides great service. He helped me understand my insurance needs and...

Matthew Reyes
Matthew R
5/5

Santos is an honest, hardworking family man who strives to provide excellent...

A
agutie6481
5/5

Very informative and helpful. Santos explains all types of insurance offered...

YD
Yesenia D