Medical Sub-fields Recommended To Have Doctor Insurance
- Allergy and Immunology
- Diagnostic Radiology
- Emergency Medicine
- Family Medicine
- Internal Medicine
- Medical Genetics
- Nuclear Medicine
- Obstetrics and Gynecology
- Physical Medicine and Rehabilitation
- Preventitive Medicine
- Radiation Oncology
Essential Questions to Consider
- Does your state require doctors to have insurance?
- If not, do they have other requirements?
- Does your hospital require doctors to have insurance? Visiting doctors may need doctor insurance.
- How much does your employer’s coverage cover?
- What are the consequences of making a mistake in your sub-field?
- Are you liable for the actions of others in your hospital?
Liability Limit per Occurance
This is coverage for each claim/incident in a policy period.
Liability Limit in Aggregate
This is the total amount of coverage that your policy will payout within a given year.
Each claim will be subject to a deductible. This means you will spend money when a claim occurs before the insurance company will pay for the incident.
Many insurance plans are commonly bundled together for simplicity and a cheaper rate.
Business owner’s policy (BOP)
A popular option for small businesses like clothing boutiques that combines Commercial General Liability insurance with Commercial Property insurance, usually at a cheaper price than if the two were purchased separately.