Medical Malpractice Insurance for Massachusetts 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 Massachusetts 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.
We Understand the Massachusetts Medical Malpractice Environment
Massachusetts 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 Massachusetts
|New to practice physicians||Part time doctors
|Medical society and professional association members||Complicated risks|
|New healthcare ventures||Board certified doctor applicants|
When Searching for Medical Malpractice Insurance, Keep in Mind:
Liability Limits in Massachusetts
Massachusetts requires physicians to carry a minimum level medical malpractice insurance of $100,000 per occurrence and $300,000 in aggregate per year/policy period. Due to this, malpractice insurers are required to provide insurance to all healthcare providers and not exclude any specialty or practice. Limits of $1,000,000 per occurrence and $3,000,000 in aggregate are more common though. Massachusetts 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.
Medical Malpractice Rates in Massachusetts
On average, medical malpractice insurance rates in Massachusetts tend to be as much as 20-40% higher than other states. Rates vary by practice specialty and what features physicians choose to include in their coverage, or whom they choose as a carrier. The knowledge of a broker experienced in placing medical malpractice insurance in Massachusetts ensures you obtain the best pricing and policy structure for your given specialty and territory.
Types of Carriers in Massachusetts
In Massachusetts, 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 Massachusetts. 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 Massachusetts and our access to virtually all of the markets writing in Massachusetts ensures you obtain a competitive program.
Types of Coverage
As is the case in many other states, medical malpractice insurance in Massachusetts falls into three broad categories: claims-made coverage, occurrence coverage and tail coverage. Some carriers also offer a product referred to as a Modified Claims Made Policy, which combines aspects of occurrence and claims-made policies. These policies often come with tail coverage automatically included. We can help you navigate and understand these types of policies.
The Massachusetts Insurers Insolvency Fund (“MIIF”)
The Massachusetts Insurers Insolvency Fund (“MIIF”) is a non-profit, unincorporated association of all Massachusetts-licensed property and casualty insurers. It was created by the Massachusetts legislature to provide protections to Massachusetts policyholders and claimants in the event an insurance company becomes insolvent. MIIF pays covered claims for only admitted carriers. Non admitted carriers and Risk Retention Groups (RRGs) are not protected by MIIF.
There are a broad array of Medical Professional Liability carriers accepting new business in Massachusetts. Whether you are currently insured and seeking alternatives or starting a policy for the first time an experienced Massachusetts 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.
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