does anyone have a list that shows the avg malpractice insurance/yr for each specialty?
extremely variable by state (even county) and type of malpractice policy purchased. Among other types of professional liability insurance, the two main ones people talk about are "claims made" (only covers you while you still work for the same practice) or "occurrence" (covers you for life, even if you change jobs), along with your prior work history.
probably should check with your state medical society for local info.
here's the link to one carrier in nys -- you can play around with it and see what your premium could be.
Ouch.You selected an Occurrence policy for the specialty of Neurosurgery practicing in Kings county.
The annual premium for this type of policy is $267,837
Just remember, that medical malpractice insurance will be the cheapest your first year out of school and will become progressively more expensive each year until a certain number of years has passed. This has to do with the fact that you have treated less patients and thus is less likely that you will be sued. Remember, that you also have to maintain malpractice insurance after you retire for a certain number of years, this is called tail coverage.
you're describing a "claims made" policy. it starts out relatively cheaper but by year 5 or 6, not so much.
an occurence policy is expensive from the get-go, you pay the same amount each your but it covers you forever.
but the pre-allo board probably isn't the best place for this thread. cost of a case of beer is much more relevant at this point, as a previous poster mentioned
What is the benefit of having an occurence policy rather than a claims made policy?