Mississippi Malpractice Insurance

Mississippi enjoys a stable medical malpractice landscape with comparatively low premiums.

Our 2021 Physician Buyers Guide for purchasing malpractice insurance in Mississippi 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 Mississippi 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 Mississippi.

How to buy malpractice insurance in Mississippi.

The best way to buy malpractice coverage is to work with a reputable malpractice insurance broker in Mississippi 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 Mississippi malpractice insurance company.

Typically, the malpractice insurance purchasing process goes like this:

  1. Submit your information for your free medical malpractice insurance quote from every major insurance company in Mississippi.
  2. One of our veteran malpractice insurance agents who specializes in the Mississippi market will contact you to learn more about your specific needs.
  3. We shop your coverage to every major insurance company in Mississippi.
  4. 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.
  5. 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 Mississippi, 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 Mississippi 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 Mississippi.

How much does medical malpractice insurance cost in Mississippi.

Rates for physician malpractice insurance don’t vary much depending on where you practice within the state. Most major insurance companies classify Mississippi as a single territory, which means your specialty’s base rate does not vary depending on your practice address. But 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:

Mississippi

  • Internal Medicine Average Rate $2,993
  • General Surgeon Average Rate $20,529
  • OB/gyn – Average Rate $28,227
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Medical malpractice requirements in Mississippi.

Limits of Liability: The most common limits of liability in Mississippi are $1 million per claim with an annual aggregate cap of $3 million.

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, University of Mississippi Hospital in Jackson, Pascagoula Hospital, and North Mississippi Medical Center in Tupelo.

Best Medical malpractice insurance companies in Mississippi.

  1. Medical Protective
  2. The Doctors Company
  3. NORCAL
  4. ProAssurance
  5. Medical Assurance Company of Mississippi Inc.

Why partner with Cunningham Group?

Partnering with Cunningham Group will give you a full view of the Mississippi 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 Mississippi.

Historic Medical Malpractice Insurance Rates in Mississippi for Physicians.

Brief History and other important facts of medical malpractice insurance in Mississippi.

Prior to reforms enacted late in 2002, Mississippi had such high malpractice insurance rates that some physicians were retiring early or moving to states with better liability climates, causing a physician shortage in many parts of the state. Rural areas were hit hardest; most cities with a population under 20,000 had no access to an obstetrician and specialists were becoming increasingly scarce. Since passing reforms, the situation has slowly been improving in Mississippi. According to a 2015 report from the Association of American Medical Colleges (AAMC), Mississippi currently has the fewest active physicians per capita of any state, at only 184.7 physicians per 100,000 residents. But, this is a substantial improvement from the AAMC’s 2011 report, which showed only 159.4 active physicians per 100,000 residents in Mississippi.

Tort Reform in Mississippi

During a special session of the state legislature called in late 2002, Mississippi passed a slew of reforms to help ameliorate the problem of high liability rates and resulting physician shortages. The ensuing legislation, House Bill 2 (HB2) included a $500,000 cap on noneconomic damages, required plaintiffs to give defendants 60-days written notice before filing a medical malpractice lawsuit, abolished joint liability for noneconomic damages for defendants found to be less than 30 percent at fault and required plaintiff attorneys to consult with an expert prior to filing a claim. A separate bill passed during the same session, House Bill 19 (HB 19) ended the practice of venue shopping in Mississippi.

In a 2004 special session, Mississippi Governor Haley Barbour ushered a comprehensive civil justice reform bill through the state legislature. House Bill 13 (HB 13) expanded the 2002 medical liability reforms through provisions such as a “hard limit” of $500,000 on noneconomic damages in medical malpractice court cases, removing exceptions for piercing the cap that were part of the original legislation. Additionally, HB13 further tightened the requirements against venue shopping and completely abolished joint liability for all defendants.