malpractice insurance for OB/GYNs

malpractice insurance for OB/GYNs

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why do OB/GYNs need insurance?

Obstetricians/Gynecologists run a particularly high-risk of potential for malpractice claims. This is because of the complex nature of the work and the high stakes involved in pregnancy and reproductive health. The key areas where they are vulnerable to being sued for malpractice are:

  1. Pregnancy and Childbirth Complications: OB/GYNs can face lawsuits for issues that arise during pregnancy and childbirth. These include birth injuries to the baby or mother, such as cerebral palsy or Erb’s palsy linked to delivery. Allegations can include failure to anticipate birth complications, improper handling of a distressed fetus, or failure to perform a cesarean section in a timely manner.
  2. Misdiagnosis or Delayed Diagnosis: This can include a failure to diagnose reproductive cancers, ectopic pregnancies, or other gynecological conditions in a timely manner. Worsening conditions and adverse outcomes usually result and patients will take legal action.
  3. Surgical Errors: OB/GYNs frequently perform surgeries such as cesarean sections, hysterectomies, and other reproductive surgeries. Errors during these procedures can lead to severe complications, such as infections, excessive bleeding, or damage to nearby organs.
  4. Inadequate Treatment: Ineffective or inappropriate treatment of gynecological conditions can result in patient harm and malpractice lawsuits. This could include mismanagement of medications, inadequate follow-up, or incorrect medical advice.
  5. Failure to Obtain Informed Consent: OB/GYNs must ensure that patients are fully aware of the risks associated with different treatments and procedures. Failure to obtain proper informed consent before proceeding with a procedure can lead to claims, especially if complications arise.
  6. Errors in Fertility Treatments: Including mistakes in administering fertility treatments or procedural errors during interventions like IVF. These can lead to significant emotional and physical harm, resulting in malpractice claims.
  7. Failure to Monitor or Follow-up: Failing to monitor the patient’s condition adequately during pregnancy or after surgical procedures can lead to complications being missed or improperly managed, leading to potential lawsuits.
  8. Breach of Confidentiality: Given the sensitive nature of obstetrics and gynecology, a breach in patient confidentiality can lead to serious personal distress and litigation.
  9. Discrimination or Bias in Treatment: Any perceived discrimination based on things like race, age, or sexual orientation, can lead to complaints and legal action against a physician.

Ob/gyn medical malpractice insurance is crucial to protect you against the financial risks associated with these potential claims. It covers legal defense costssettlements, and judgments, providing financial security and peace of mind.

Westwood works with different insurance companies, to source the most suitable insurance for OB/GYNs at the best price. Contact us today.

how much is malpractice insurance for OB/GYNs?

The average cost of malpractice insurance for OB/GYNs can vary significantly depending on your location. Lower rates can be found in places like Birmingham, Alabama, where the estimated annual cost is $45,000 for coverage with limits of liability at $1,000,000/$3,000,000.

In Little Rock, Arkansas, the premium estimate is slightly higher at $50,000 with the same liability limits. In major metropolitan areas like Los Angeles, California, and Miami, Florida, the premiums are around $50,000 to $100,000, with varying liability limits.

The ob gyn malpractice insurance cost peaks In states like Washington, D.C., reaching around $120,000 for similar coverage. Conversely, in states like Iowa and Idaho, the premiums are relatively lower, ranging from $35,000 to $40,000.

Other factors influencing the cost of malpractice insurance includes the local legal environment, the frequency of medical malpractice claims, and the availability of state-run patient compensation funds.

It’s important to note that these are just general estimates and actual rates can vary based on your individual circumstances and coverage options you choose.

A history of claims can also have an impact on the average malpractice insurance cost for an ob gyn. Insurance companies will typically raise rates to cover the perceived additional risk or may decline insurance altogether. If you face these challenges, there are alternative options available.

Click here to contact Westwood Insurance and obtain personalized rate estimates tailored to your specific practice and location.

what types of insurance do OB/GYNs need?

Commercial Auto Insurance

Commercial Auto Insurance

This is relevant for OB/GYNs who use a vehicle for your practice-related work. This insurance covers you against auto accidents, theft, and other vehicle-related incidents.

Workers Compensation Insurance

Workers Compensation Insurance

Workers Compensation Insurance is usually mandated by law. It protects OB/GYN practices and employees in case of work-related injuries or illnesses.

Cyber Liability Insurance

Cyber Liability Insurance

Cyber liability insurance covers OB/GYNs against financial losses associated with data breaches, cyber attacks, and other cyber incidents. Insurers will usually conduct  rigorous testing of your online system to fix vulnerabilities as part of this policy.
General Liability Insurance

General Liability Insurance

This is necessary for OB/GYNs with their own facilities. It covers medical expenses, compensation and attorney fees resulting from bodily injuries and property damage your facility or organization could be legally responsible for.

Business owner's policy (BOP insurance)

Business owner's policy (BOP insurance)

A Business Owner’s Policy (BOP) is a comprehensive insurance package designed for OB/GYNs with small to medium-sized businesses. It provides a blend of liability protection and property insurance.

Professional Liability Insurance

Professional Liability Insurance

Professional Liability Insurance overs any negligence or mistakes made by the individual OB/GYNs during their practice. It differs from General Liability insurance, which covers the practice itself. 

Contact Michael Richards now

Michael Richards, President of Westwood Insurance Group

Michael specializes in insurance for Orthopedic Surgeons. You can call him or one of the team on the number below or fill out the form and he will get your message directly:

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General Liability Insurance

Protecting healthcare organizations against increasingly crippling litigation.

Professional Liability Insurance

Protecting medical professionals against increasingly crippling litigation.

Medical Malpractice Insurance

Protecting medical professionals against increasingly crippling litigation.

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Protecting healthcare organizations & professionals against cyber attacks.

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