Malpractice Insurance?

[Katatonic]

I scan the Pathology boards fairly often but I've never seen anything about malpractice insurance, so I hope I don't get flamed for this, I'm simply asking out of ignorance🙂

Do pathologists need malpractice insurance? If so, how much does it usually cost a month? Is it a different kind than that of, say, an emergency room doc? What about Forensic Pathologists?

Thanks for any info. I was just thinking that with a monthly payment on loans for like 20-30 years, how much extra will be coming out of my (hopefully future) paycheck for insurance?

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[b&ierstiefel]

I scan the Pathology boards fairly often but I've never seen anything about malpractice insurance, so I hope I don't get flamed for this, I'm simply asking out of ignorance🙂

Do pathologists need malpractice insurance? If so, how much does it usually cost a month? Is it a different kind than that of, say, an emergency room doc? What about Forensic Pathologists?

Thanks for any info. I was just thinking that with a monthly payment on loans for like 20-30 years, how much extra will be coming out of my (hopefully future) paycheck for insurance?

Pathologists also need malpractice insurance however the costs aren't as high as in other fields such as OB-GYN or Anesthesiology. In the academic settings, pathologists are covered. Here it's through CRICO. We don't directly pay premiums but at the same time, we are not paid as high as private practice pathologists. I would imagine things are different in that setting, especially in the setting of small groups. I'll defer those details to those with more experience in that setting.

 

[Katatonic]

Thank you for the reply. So in an academic setting (does that mean you are a professor, or that you work at a teaching hospital?) the insurance is covered for you as part of the contract = no monthly payment.

 

[b&ierstiefel]

Thank you for the reply. So in an academic setting (does that mean you are a professor, or that you work at a teaching hospital?) the insurance is covered for you as part of the contract = no monthly payment.

Yeah, academics generally means being an instructor/asst prof/assoc prof/prof at a teaching hospital. As far as I know, there are no monthly payments for malpractice insurance in that setting...I may be wrong though since I'm still in residency/fellowship.

 

[pathdoc68]

In a private practice - the group usually pays. Premuiums increase with each year of practice, first several of years it is like 2k, then 4K then 6K - it varies quite abit by state. Watch out for responsibility for tail insurance!