Medical Malpractice Insurance for New York Physicians and 2025

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Answer: No. Medical malpractice is only for medical incidents. Professional liability covers medical malpractice as well as the business premises.
What is the Excess Medical Malpractice Insurance Program? It is a program that was established by the state of New York in 1986 to provide certain physicians with an additional layer of medical malpractice insurance coverage above the policy limits provided by primary malpractice coverage.
New York has the highest rate of medical malpractice in the U.S., with an average of 1.25 malpractice reports per practitioner between 1990 and 2023, ing to a study from personal injury law firm Gatti, Keltner, Bienvenu Montesi based on government records from the National Practitioner Data Bank.
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1. Except for specified limited circumstances where a physician has been disciplined, there is no statutory requirement at present that a physician practicing in New York carry professional liability insurance. 2.
Medical malpractice (or medical negligence) occurs when a doctor, health care professional, hospital or other health care facility fails to care for someone in ance with the accepted standards of the medical profession and the person is injured, becomes ill or a condition or illness worsens as a result.
There are two types of professional liability coverage available to PAs: occurrence and claims-made. Occurrence policies cover incidents that happen during the policy period without regard to when the claims are reported. Occurrence coverage provides protection for each policy period indefinitely.
Are You Required to Carry Malpractice Insurance in New York? In New York, you are not required to purchase medical malpractice insurance. Some choose not to buy insurance because they believe they will be able to pay for any legal fees from their operations.
Surgeons: Any physician doing invasive surgery will pay higher medical malpractice insurance rates than physicians performing no surgery. For the same reasons OB/GYNs pay more, surgeons pay higher rates too.

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