It’s vitally important to purchase surgeon malpractice insurance as the absence of sufficient liability coverage from malpractice claims can lead to your total bankruptcy. Nexus Insurance Services takes care of its clients, giving doctors the opportunity to find insurance policy that absolutely fits their budget and coverage needs; we also let surgeons be focused on their practice while we are settling the application procedure.
We have to admit that OB/GYN’s and anesthesiologists are paying the highest insurance premiums. Still surgeons are not the exception. For example, Minnesota has the lowest malpractice rates for doctors but they are largely depended upon the specialty. The average price malpractice insurance for surgeons runs up to $10,000 per year.
Malpractice liability insurance rates in California depend upon demographics, thus average rates vary greatly from place to place and insurance for surgeons can vary from $22,000 to $34,000 per year.
Among the average cost states we can single out Pennsylvania. Rates for medical malpractice insurance differentiate according to demographic and claims differences in major insurers. In 2009 annual surgeon malpractice insurance costs was $28,000 at least and more than $55,000 per year at most.
Nevada is considered to be the highest cost state for malpractice insurance; on the other hand, doctors in this state have the highest salaries in comparison to professionals in any other states.
Florida is the second state distinguished by the high rates of liability insurance for doctors. Moreover, the difference between the lowest and the highest price in this state varies more widely than in any other state. General surgeons can pay in between $90,000 and $175,000 per year. Isn’t that astonishing numbers, is it?