OB/GYN Medical Malpractice Insurance
There have been significant improvements to the liability climate for OB/GYNs during the last decade. Claims frequency is at an all-time low, the average cost of all paid obstetric claims has decreased and the average indemnity payment for a neurologically impaired infant has shrunk by 11 percent. According to statistics from the Medical Liability Monitor’s Annual Rate Survey, the cost of medical malpractice insurance for OB/GYNs has been downward since 2003. Now is the time for OB/GYNs to take advantage of the improving medical liability climate.
What is Medical Malpractice Insurance for Obstetricians/Gynecologists?
Medical professional liability insurance is a type of professional liability insurance designed to protect licensed healthcare professionals from potential malpractice claims. Doctors in the OB/GYN field should carry medical malpractice insurance to protect their careers and finances. Costs associated with defending lawsuits related to such claims are also covered under most malpractice insurance coverage plans.
Importance of OB/GYN Malpractice Insurance
One reason obstetrics and gynecology doctors are more likely to be sued is their exposure to more inherent risks than other areas of medical practice. Increased rates of risk exposure create more opportunities for litigation to arise. OB/GYN is responsible for a wide range of women’s healthcare including testing, diagnosing, treating, and preventing serious medical conditions. They also work with expectant mothers throughout their pregnancies, during childbirth, and postpartum. Malpractice insurance protects doctors working diligently to provide medical expertise for those under their care.
Cost of Malpractice Insurance for OB/GYNs
Obstetricians/Gynecologists (OB/GYNs) pay among the highest premiums for medical professional liability insurance coverage in all of medicine. An OB/GYN who practices in a major metropolitan area can expect to pay an annual premium in the neighborhood of $100,000 to $200,000. This has influenced many to see fewer high-risk obstetric patients, reduce the number of gynecological surgeries they perform, exit private practice in favor of hospital employment, or move their practice to an area with a more favorable liability climate. Our historic med-mal rates show the cost that an OB/GYN pays for their insurance in every state.
Factors that Affect Malpractice Insurance Premiums:
Practice Location
Amount of coverage needed
- More coverage means a higher premium
Type of policy preferred
- Every policy is different, every medical practitioner has different needs
Medical specialty
- Higher-risk specialties that require unique expertise will naturally have higher premiums
Working hours
- Longer working hours ( more strained individuals) will have higher premiums
Previous malpractice claims history
- If you have a history of claims, insurance companies will see you as a higher risk and require a higher premium to cover you
Dig deeper into how much medical malpractice insurance costs.
Save Money on OB/GYN Malpractice Insurance
Working with a medical malpractice insurance agent/ broker can save you money on your insurance premiums. Obstetrician/Gynecologist medical malpractice insurance brokers shop for the best available policies to determine which ones are best suited for your unique needs at the lowest cost. In the medical malpractice insurance industry, agent commissions are already built into your premium. You pay the same amount for coverage whether you use an agent or purchase directly from the insurance company. Let us be your advocate.
How Does the Medical Malpractice Agent Process Work?
- You will submit your information through a secure medical malpractice insurance quote form.
- You can always call us and speak to an agent immediately.
- A veteran OB/GYN malpractice insurance broker will be assigned to you.
- We shop your physician malpractice insurance to every major malpractice insurance company.
- Your insurance agent will take the time and go over all of your options with you, explaining everything to make certain you make the right decision.
- We get you your insurance policy at the best price with a major insurance company.
- At renewal time: We start the shopping process all over again, getting you quotes from all the major malpractice insurance companies to again make certain you’re properly priced.
Why Obstetrician/Gynecologists Physicians Choose Cunningham Group for Coverage
Cunningham Group provides a personalized experience at no cost to ensure you are with the best insurance fit for you and your needs. OB/GYN physicians practice across a wide variety of settings and states vary in rules and regulations, making it important for our insurance agents to take the time to get to know your unique practice and employment situation. This way, our agents can find you the most appropriate family medicine doctor malpractice insurance policy to ensure you are covered adequately. We do this by working with all of the major medical malpractice insurance carriers in your state. These relationships with top insurance carriers allow us to get you the best price.
Be sure to ask your insurance agent if you qualify for any professional discounts. You may qualify for a discount if you are “new to practice,” have not had a recent claim, and/or are willing to complete an online risk management course with your carrier.
Cunningham Group has helped thousands of OB/GYN doctors find the right malpractice coverage. We have access to different options in your state to ensure you get the right coverage.
Our service costs you nothing. In the medical malpractice insurance industry, agent commissions are already built into your premium. You pay the same amount for coverage whether you use an agent or purchase directly from the insurance company. Let us be your advocate. Request your free Obstetrician/Gynecologist malpractice insurance quote now.
The Ultimate Medical Malpractice Insurance Guide
We’ve created the ultimate medical malpractice insurance guide for doctors that can answer almost any question you may have — either before you buy or while you have an active policy. This guide applies to all healthcare professionals in every state.
Click here to view some of the testimonials other OB/GYNs have made on behalf of the Cunningham Group.
Resources for OB/GYNs
Obstetrics & Gynecology (journal)
American Congress of Obstetricians and Gynecologists
Obstetrics & Gynecology Articles – Medscape
American Journal of Obstetrics & Gynecology
Central Association of Obstetricians and Gynecologists
American Board of Obstetrics and Gynecology
Association of Professors of Gynecology and Obstetrics
North American Society for Psychosocial Obstetrics and Gynecology
Ultrasound in Obstetrics & Gynecology