Do anesthesiologists have malpractice insurance through their employers?
Most anesthesiologists work for a practice or medical facility, and their employer often will cover the cost of anesthesiologist malpractice insurance. Not all employers provide the coverage, though, so anesthesiologists should confirm that theirs does before forgoing their own policy.
Additionally, there are certain situations where anesthesiologists might want to purchase their own insurance even if they have some employer-provided coverage. Employer coverage might have lower limits than anesthesiologists would like, and those limits are normally spread across all of an employer’s physicians.
If anesthesiologists work as independent contractors, they might be less likely to receive coverage from their hiring practice or facility. Anesthesiologists may indeed have to purchase their own malpractice insurance.
Anesthesiologists who want help reviewing any employer-provided coverage should consult an insurance agent who specifically specializes in this type of medical malpractice. A specialized agent will be able to review an employer’s coverage, and make a recommendation as to whether additional protection is appropriate.
How much do anesthesiologists pay for malpractice insurance?
Premiums for medical malpractice insurance are almost never cheap. This is particularly true for anesthesiologists, because of the risks associated with their services. The rates that insurance companies charge for anesthesiologist malpractice insurance vary, though. Some of the details that can impact anesthesiologists’ premiums include years of experience, loss history, and chosen limits.
Because premiums vary, anesthesiologists should compare different policy options with an independent insurance agent. Unlike captive agents that work with a particular insurance company, independent agents don’t have to be loyal to any one insurer. They can compare rates and coverages from among different insurers.
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