Medical malpractice insurance
Medical malpractice insurance protects physicians against lawsuits by patients for treatment or surgery. In 2007, it was reported that the average internist pays $74,855 per year and the average general surgeons pays $299,420 per year in medical malpractice insurance.
States that require medical malpractice insurance for licensure are:
- Georgia (for optometrists who use drugs)
- New Jersey
- Rhode Island
Florida requires physicians to prove that they can pay a $250,000 award. New Jersey has no statutory requirement, but the Board of Medical Examiners insists on coverage of $1 million per case and $3 million per year. Ohio lacks a statutory requirement, but imposes an administrative rule mandating that any physician lacking malpractice insurance must have signed consent by all non-emergency patients agreeing to treatment by a physician who lacks malpractice insurance.
States that require medical malpractice insurance in order for a physician to benefit from an awards caps are:
- Nevada (this state does not appear on some lists)
- New Mexico
- New York (this state does not appear on some lists)
States that require medical malpractice insurance as a condition of holding hospital privileges:
- See "Hospital not liable for uninsured doctor" by Amy Lynn Sorrel, AMNews June 18, 2007.
- This list is from 2012, and may change from time to time. Please check the most current laws before making a decision.