Neurosurgeon Medical Malpractice Insurance
Neurosurgery is a medical specialty that focuses on the nervous system, including the brain, spine, and nerves throughout the body, and the diagnosis and treatment of disorders that affect it. In the U.S. neurosurgeons are required to complete a one-year internship before a five or six-year residency in neurosurgery, and then pass an exam to become board certified in neurosurgery.
What is Medical Malpractice Insurance for Neurosurgeons?
Medical professional liability insurance is a type of professional liability insurance designed to protect licensed healthcare professionals from potential malpractice claims. Doctors practicing in the neurosurgeon field should carry medical malpractice insurance to protect their career and their finances. Costs associated with defending lawsuits related to such claims are also covered under most malpractice insurance coverage plans.
Why is Neurosurgeon Medical Malpractice Insurance Important?
Neurosurgeon physicians are presented with a unique set of risks among healthcare providers when it comes to malpractice. Neurology is a high-stakes career that can have serious consequences for a patient, including paralysis, brain damage, or even death.
Neurosurgeon malpractice insurance protects doctors’ careers and their livelihoods.
Cost of Malpractice Insurance for Neurosurgeons
Neurosurgeons are classified by medical malpractice insurers as having a very high likelihood of facing lawsuits for malpractice. Accordingly, physicians in the specialty must pay premiums that are among the highest of any specialty. In 2005, the average premium across the nation was more than $100,000 and in some states, premiums were over $300,000. Premiums vary widely based on the location of the practice; states with hostile legal climates carry the highest premiums, while rural states and states with tort reform come in at the low end of the spectrum.
Neurosurgery cases also pay the most to claimants of any specialty. Dig deeper into how much medical malpractice insurance costs.
Factors that Affect Malpractice Insurance Premiums:
Amount of coverage needed
- More coverage means a higher premium
Type of policy preferred
- Every policy is different, every medical practitioner has different needs
- Higher-risk specialties that require unique expertise will naturally have higher premiums
- Longer working hours ( more strained individuals) will have higher premiums
Previous malpractice claims history
- If you have a history of claims, insurance companies will see you as a higher risk and require a higher premium to cover you
Save Money on Neurosurgeon Malpractice Insurance
Working with a medical malpractice insurance agent/ broker can save you money on your insurance premiums. Neurosurgeon medical malpractice insurance brokers shop for the best available policies to determine which ones are best suited for your unique needs at the lowest cost. In the medical malpractice insurance industry, agent commissions are already built into your premium. You pay the same amount for coverage whether you use an agent or purchase directly from the insurance company. Let us be your advocate.
How Does the Medical Malpractice Agent Process Work?
- You will submit your information through a secure medical malpractice insurance quote form.
- You can always call us and speak to an agent immediately.
- A veteran neurosurgeon malpractice insurance broker will be assigned to you.
- We shop your physician malpractice insurance to every major malpractice insurance company.
- Your insurance agent will take the time and go over all of your options with you, explaining everything to make certain you make the right decision.
- We get you your insurance policy at the best price with a major insurance company.
- At renewal time: We start the shopping process all over again, getting you quotes from all the major malpractice insurance companies to again make certain you’re properly priced.
Why Neurosurgeon Physicians Choose Cunningham Group for Coverage
Cunningham Group provides a personalized experience at no cost to ensure you are with the best insurance fit for you and your needs. Neurosurgeon physicians practice across a wide variety of settings and states vary in rules and regulations, making it important for our insurance agents to take the time to get to know your unique practice and employment situation. This way, our agents can find you the most appropriate family medicine doctor malpractice insurance policy to ensure you are covered adequately. We do this by working with all of the major medical malpractice insurance carriers in your state. These relationships with top insurance carriers allow us to get you the best price.
Be sure to ask your insurance agent if you qualify for any professional discounts. You may qualify for a discount if you are “new to practice,” have not had a recent claim, and/or are willing to complete an online risk management course with your carrier.
Cunningham Group has helped thousands of neurosurgeon doctors find the right malpractice coverage. We have access to different options in your state to ensure you get the right coverage.
Our service costs you nothing. In the medical malpractice insurance industry, agent commissions are already built into your premium. You pay the same amount for coverage whether you use an agent or purchase directly from the insurance company. Let us be your advocate. Request your neurosurgeon malpractice insurance quote now.
The Ultimate Medical Malpractice Insurance Guide
We’ve created the ultimate medical malpractice insurance guide for doctors that can answer almost any question you may have — either before you buy or while you have an active policy. This guide applies to all healthcare professionals in every state.
Neurosurgeon Malpractice Insurance Tort Reforms
With premiums in the specialty so high, neurosurgeons will want to do everything possible to help stabilize the medical liability legal climate and bring down premiums. Physicians should support efforts to establish tort reform measures, like statutes of limitations for malpractice suits and limits on awards to plaintiffs for non-economic damages.
Important Resources for Neurosurgeons
AANS/CNS Washington Committee for Neurological Surgery
Journal of Neurosurgery
Women in Neurosurgery
American Association of Neurological Surgeons
Congress of Neurological Surgeons
Journal of Neurology, Neurosurgery & Pshychiatry
Clinical Neurology and Neurosurgery