Medical Malpractice Insurance for Florida Physicians

Edgewood Healthcare Advisors

Medical Malpractice coverage is one of the most crucial, yet most complicated lines of insurance that healthcare providers purchase. Medical malpractice insurance carriers issue policies to protect physicians, clinics, and healthcare facilities in the event that a patient files a claim alleging negligence resulting in injury or harm.

Our team connects Florida physicians and physicians groups with comprehensive medical malpractice insurance protection at a competitive price. When you trust Edgewood Healthcare Advisors for your medical malpractice insurance needs, our strong relationships with the top medical malpractice carriers in the country become your advantage.

Meet the Team

We Understand the Florida Medical Malpractice Environment

Florida doctors and surgeons have choices when it comes to medical malpractice insurance. We make sure you select the right kind of insurance with the features you need and the competitive premium rates you want.

Coverage for Every Practice Specialty in Florida

When Searching for Medical Malpractice Insurance, Keep in Mind:

Liability Limits in Florida

Physicians in Florida typically carry limits of liability $250,000 per occurrence and $750,000 aggregate per policy period (1 year). Florida hospitals may require doctors to purchase a higher limit of liability to gain the right to obtain admitting privileges or to provide contract work for a hospital. Your broker can provide valuable support and insight on the matter of appropriate limits.  Unlike most other states Physicians in Florida are not required to carry medical malpractice insurance. However, there are strict procedures that must be followed if a physician opts not to purchase coverage including posting a bond to cover any potential claim.

Medical Malpractice Rates in Florida

On average, medical malpractice insurance rates in Florida tend to be as much as 20 – 50% higher than in other states. Rates vary by practice specialty and what features physicians choose to include in their coverage, or whom they choose as a carrier. Based on the historical risk profile Florida is broken down into multiple geographic territories all with varied pricing. The knowledge and experience of a broker experienced in placing medical malpractice insurance in Florida ensures you obtain the best pricing and policy structure for your given specialty and territory.

Types of Carriers in Florida

In Florida, there are two distinct types of insurance providers offering medical malpractice insurance; admitted carriers and non-admitted carriers. The main difference between the two is in how each is licensed and regulated in Florida.  There are certain considerations in determining which path is most appropriate and your broker should be able to guide you through the process.  There are a broad range of all carriers writing coverage in Florida and our access to virtually all of the markets writing in Florida ensures you obtain a competitive program.

Types of Coverage

As is the case in many other states, medical malpractice insurance in Florida falls into three broad categories: claims-made coverage, occurrence coverage and tail coverage. We can help you navigate through these.  Most carriers in Florida are not currently offering Occurrence coverage although we do have access to some Occurrence options and they can be very useful in particular situations such as Moonlighting.

Guaranty Fund Protection

Physicians insured by carriers licensed in the state of Florida are protected against carriers becoming insolvent by the Florida Insurance Guaranty Associating which is designed as a safety net should an admitted carrier become insolvent.  Coverage can be available for up to $300,000 or the policy limit if lower and is subject to a deductible. Non admitted carriers and RRGs are not protected by the Guaranty Association.

Summary

There are a broad array of Medical Professional Liability carriers accepting new business in  Florida. Whether you are currently insured and seeking alternatives or starting a policy for the first time an experienced Florida insurance broker can simplify the process and ensure you obtain the best product at the best price.  We welcome the opportunity to work with you. Contact us today.

Contact Matt LeBlanc at or (860) 521-8555 to get a free, no obligation premium comparison from multiple, A-rated carriers.