Kansas Malpractice Insurance
Table of Contents
- How to buy medical malpractice insurance in Kansas.
- How to save money on your malpractice insurance.
- How much does medical malpractice insurance cost in Kansas?
- Medical malpractice requirements in Kansas.
- Best medical malpractice insurance companies in Kansas.
- Why partner with Cunningham Group in Kansas?
- Historic medical malpractice insurance rates in Kansas – since 2000.
- History of malpractice insurance in Kansas.
- Resources for Physicians.
Kansas Malpractice Insurance
The Kansas malpractice insurance landscape is considered very friendly to physicians. Not only does the state have moderate medical malpractice insurance rates, it has many carriers to choose from.
Our 2021 Physician Buyers Guide for purchasing malpractice insurance in Kansas gives you the information necessary to obtain the strongest, most financially secure policy at the best price. When shopping for coverage, you need a full view of the Kansas marketplace to find the company that best fits your situation. Choose a broker that can offer multiple quotes from all the major malpractice insurance companies in Kansas.
How to buy malpractice insurance in Kansas.
The best way to buy malpractice coverage is to work with a reputable malpractice insurance broker in Kansas who can generate multiple quotes. Your broker will walk you through the lengthy insurance application and underwriting process. Click to get medical malpractice insurance quotes from every major Kansas malpractice insurance company.
Typically, the malpractice insurance purchasing process goes like this:
- Submit your information for your free medical malpractice insurance quote from every major insurance company in Kansas.
- One of our veteran malpractice insurance agents who specializes in the Kansas market will contact you to learn more about your specific needs.
- We shop your coverage to every major insurance company in Kansas.
- We present you with a number of insurance quotes and give you the information necessary to make an educated and informed decision. Don’t worry. We’re here every step of the way, helping you get the best price with the best company.
At renewal time, we restart the process of shopping your coverage among every major carrier to keep your policy properly priced.
How to save money on your malpractice insurance.
- The easiest way to save money on your medical malpractice insurance policy is by working with a broker who has the access to generate quotes from every major insurance company, offering an accurate view of the marketplace. As one of the top brokers in Kansas, we can guide you through the application and underwriting process so you’re confident you secured the best price with the right insurer for your situation.
- The most common limits in Kansas are $1 million/$3 million. Limits of liability play a major role in determining the overall cost of your policy. Some companies will offer lower limits to save you money. We don’t recommend this. We want your risks fully indemnified so you never have to pay an award out of pocket. Let us save you money by shopping your coverage rather than skimp on protection.
- Check out our 7 secrets your medical malpractice insurance agent won’t tell you page to get insider information on buying coverage in Kansas.
How much does medical malpractice insurance cost in Kansas.
Rates for physician malpractice insurance don’t vary much depending on where you practice within the state. Most major insurance companies classify Kansas as a single territory, which means your specialty’s base rate does not vary depending on your practice address. But rates do vary from insurer to insurer, so you still want multiple quotes to get an accurate view of the marketplace. This is one of the many reasons it’s important to work with an insurance agency that specializes in medical malpractice insurance. Below are mature, base rates with no credits or discounts. We typically get our clients a 30-50% reduction from these rates:
- Internal Medicine Average Rate $4,717
- General Surgeon Average Rate $14,982
- OB/gyn – Average Rate $22,588
The cost of your malpractice coverage can vary greatly due to a number of factors, including your claims history, the type of patient interactions you have, the insurance company you are placed with and more. Cunningham Group created this premium estimation tool by drawing from its database of thousands of physician clients. Below are five malpractice estimation premium buckets to gauge how expensive your coverage should be. The buckets are numbered 1 to 5 — with #1 being the least expensive and #5 the most costly.
Medical malpractice requirements in Kansas.
Limits of Liability: The most common limits of liability in Kansas are $200,000 per claim with an annual aggregate cap of $600,000.
Most hospitals require a physician carry malpractice insurance prior to granting admitting privileges. Some of the hospital systems requiring this include, but are not limited to, Ascension Via Christi St. Francis in Wichita, The University of Kansas Hospital in Kansas City, and the Menorah Medical Center in Overland Park.
Best Medical malpractice insurance companies in Kansas.
- Medical Protective
- The Doctors Company
Why partner with Cunningham Group?
Partnering with Cunningham Group will give you a full view of the Kansas marketplace.. Our veteran insurance agents average 10+ years of industry experience. Let us help you secure medical malpractice insurance quotes from every major insurance company in Kansas.
Historic Medical Malpractice Insurance Rates in Kansas for Physicians.
Brief History and other important facts of medical malpractice insurance in Kansas
Kansas has passed many medical malpractice reforms over the years, beginning with the 1976 Health Care Provider Insurance Availability (HCPIA) Act. The HCPIA required all hospitals and healthcare workers to purchase claims-made professional liability insurance and to participate in the funding of the newly-created Health Care Stabilization Fund (HCSF) by paying a surcharge on their medical liability insurance. Kansas physicians must also purchase tail coverage from the HCSF upon retirement or if they move to another state. The Kansas HCSF is one of only eight patient compensation funds in the country. It provides medical malpractice coverage in excess of the primary insurance requirement of $200,000 per claim/$600,000 per year. Healthcare providers are required to participate in the fund, and must choose one of three options for additional coverage: $100,000/$300,000, $300,000/$900,000 or $800,000/$2.4 million. Healthcare providers are charged a surcharge on their premium based on the option that they choose, with the surcharge funding the HCSF.
In 1986, Kansas amended the HCPIA Act, adding a limit of $1 million on total damages, including a $250,000 cap on noneconomic damages. The Kansas Supreme Court has since ruled caps on damages to be unconstitutional.