malpractice insurance for physicians

a physician checks a patient. Insurance is essential for physicians like this

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Quick Quote – Malpractice Insurance for Physicians

why do physicians need malpractice insurance?

One in every three physicians will be sued for medical malpractice. This harsh reality for US physicians is highlighted by the latest analysis conducted by the American Medical Association (AMA). The study, released in 2022, sheds light on the fact that a significant number of doctors, approximately 31.2% of U.S. physicians, reported being sued at some point in their professional journeys.

AMA President, Dr. Jack Resneck Jr., emphasizes that even the most highly skilled and capable physicians in the country may encounter a medical liability claim at some juncture in their careers. Importantly, he stresses that being sued doesn’t necessarily indicate medical errors.

The AMA’s analysis brings forth a compelling insight into the legal landscape physicians navigate. Notably, two-thirds of civil liability claims are dropped, dismissed, or withdrawn without any determination of fault when physicians are sued. However, a number of cases do go to trial and result in large compensation payouts to plaintiffs.

The study underscores the importance of physicians being properly covered by medical malpractice (professional liability insurance. It also underscores the importance of working with a specialist broker like Westwood Insurance who can compare the policies of a number of different insurance carriers and select the most suitable one for physicians depending on their circumstances.

how much is medical malpractice insurance for physicians?

A physician examines a patient. Malpractice insurance is essential for physicians, due to the risk of being sued.

The average cost of Medical Malpractice Insurance for physicians is $7,500 a year. However, the costs vary widely depending on a number of factors, including the state you operate in, the size of your practice and any previous claims that have been filed against you. More details on malpractice insurance cost.

Insurance carriers are constantly reevaluating their risks depending on external factors, such as legislation that allows venue shopping, the size of jury awards in different venues etc. Carriers may withdraw from markets altogether, or raise prices relative to the risk they face.

For this reason, Westwood Insurance Group regularly conduct interviews with the underwriters with different carriers, to keep up-to-date with changes in their policies, so we can source the most suitable policy for physicians depending on their circumstances. Get a quote now



what types of insurance do physicians need?

General Liability Insurance

General Liability Insurance

This is necessary for Physicians with their own facilities. It  covers medical expenses 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 Medical Professionals with small to medium-sized businesses, providing a blend of liability protection and property insurance.

Professional Liability Insurance

Professional Liability Insurance

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

Commercial Auto Insurance

Commercial Auto Insurance

This is relevant for Physicians who use a vehicle for your practice-related tasks. 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, to protect Physicians practices and their employees in case of work-related injuries or illnesses.

Cyber Liability Insurance

Cyber Liability Insurance

Covers you 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.

Contact Michael Richards now

Michael Richards, President, Westwood Insurance Group

Michael specializes in insurance for physicians. 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:

we've got you covered

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.

Cyber Liability Insurance

Protecting healthcare organizations & professionals against cyber attacks.

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insurance for hospitals

Hospital Insurance typically covers all or part of the potential liability for hospital services. It includes medical malpractice, accidents involving hospital employees and equipment, care during surgery or any other invasive treatment, after-hours care arrangements by staff who need help with their children and more.

insurance for long term care facilities

Long term care facilities must protect themselves against potential liability arising from incidents within their facility. Westwood can help you negotiate a package tailored to your long term care facility client.

traditional insurance products

Westwood have fostered exceptional relationships with underwriters and we go to great lengths to keep abreast of their latest products, changes in requirements and restrictions, including having weekly calls with the carriers, which you can see here, by joining our insurance insider group.

    Insurance products at Westwood Insurance Group

    You can find more information on the Insurance Products main page.

    If you have any questions on the different policies, check out our Insurance FAQ’s

    alternative structures

    Westwood President, Michael Richards has extensive experience in setting up alternative structures for larger clients. Here are some examples:


    If you think your client could be large and stable enough to benefit from starting or participating in a captive or has a special need for another alternative structure, contact Michael Richards now by phone: 855 351 7487.