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What is Medical Malpractice Insurance?

Medical malpractice insurance is a form of protection for the medical community in the case of a lawsuit or claim against a health care provider. Most health care providers need to buy professional liability insurance as required by state law. Physicians usually buy their insurance from a commercial company or a physician-owned mutual company, individual, or through a group practice. Premiums for malpractice insurance vary with the provider's degree of risk, but experience rating is not widely used. Insurers set premiums on a prospective basis based on:


  1. Their expected payouts for providers in a particular risk group
  2. The uncertainty surrounding this estimate
  3. Their expected administrative expenses and future investment and income
  4. The profit rate they seek

Several important recent shifts in the liability insurance market have affected how much health care providers pay for insurance and the amount of exposure they face. Call us today to find out how you can stay in control--as an owner--and retain up to 40 percent of your malpractice premiums.

  • In Florida, it is estimated that about five percent of physicians carry no liability coverage1.

  • A recent estimate suggests that claims costs amounted to about 55.6 billion dollars in 20081.

1 The Robert Wood Johnson Foundation: Understanding Medical Malpractice Insurance: A Primer by Michelle M. Mello, J.D., Ph.D., M.Phil. January 2008.