A unique aspect of the Massachusetts Medical Malpractice Insurance Market is that physicians and surgeons are required to have a medical professional liability insurance policy. Conversely, the Massachusetts malpractice insurers are required to make available to all healthcare providers their insurance products and not exclude any one specialty or scope of practice. Due to the requirement placed on the doctors in The Bay State one can imagine the competition among the physician insurers attempting to gather as much market share as possible. The largest portion of Massachusetts physicians and surgeons is insured by Coverys (previously ProMutual), representing approximately 40% of the market. All types of insurance companies are active in Massachusetts from standard, admitted insurers and Risk Retention Groups to excess and surplus-lines insurersâ€”all physicians and surgeons can find premium savings, those with claims, those without, and even those with Medical Board actions made against them.
Common Massachusetts policy features include:
- Claims-Made or Occurrence policy forms
- Full physician consent-to-settle
- AM Best Ratings of A- or better
- Defense Costs outside the limits
- Free tail upon retirement, death, or disability
- Complementary coverage for regulatory actions including: HIPAA/HITECH Violations, Medical Board license defense, Billing Errors & Omissions, Cyber Liability
Massachusetts Tort Reform
Massachusetts Tort Reform is not all encompassing; however, since 1986 this legislation has provided helpful limitations to medical liability lawsuits. Non-economic damages (i.e. Pain and Suffering) are capped at $500,000 and a three year statute of limitations is in place for filing these malpractice claimsâ€”this begins at the date of injury.
Major Malpractice Insurance Companies
- Medical Protective
- The Doctors Company
- Connecticut Medical Insurance Company
Medical Malpractice Insurance Rates By Specialty (Top 15)
Rates depend greatly on specialty. Physicians offering high-risk care, such as surgeons, have higher rates than doctors in lower-risk areas. Prices will vary, though, based on your claim history and location in addition to your specialty. Always talk to an insurance expert to get a more specific quote for your malpractice insurance.
Below are undiscounted state filed rate data averages across all territories for
$1m / $3m limits
* Please note that the above rates are state filed rates. It is not
uncommon for Gallagher Healthcare clients to receive up to 50% or more in discounts
from state filed rates. Please Request a Quote to receive a custom premium indication.
|Specialty||Average Rate||Min Rate||Max Rate||Count
|Internal Medicine No Surgery||$12,697||$7,955||$15,796||7363
|Pediatrics No Surgery||$9,556||$6,652||$14,339||2386
|Family Practice No Surgery||$11,836||$6,652||$14,516||1775
|Radiology - Diagnostic||$14,926||$8,389||$18,466||1597
|Obstetrics and Gynecology Major Surgery||$68,230||$28,924||$104,071||1077
|Cardiovascular Disease Minor Surgery||$17,247||$10,991||$20,676||1001
|Neurology No Surgery||$15,408||$9,835||$18,466||798
|Orthopedic Surgery No Spine||$33,852||$17,354||$48,353||796
|Pathology No Surgery||$10,591||$5,785||$14,516||788
|Ophthalmology No Surgery||$7,733||$4,050||$11,471||755
Rate Range by Specialty
This chart compares the range of possible state filed medical malpractice premium rates by admitted markets and a few Gallagher Select markets broken out by the top 15 specialties in Massachusetts.
USA Ranking Map
The map below provides a visual display of the nation and compares what a typical primary care physician might pay compared to each individual state and county. This research is based on the average rate for a single specialty, the most common limits in that state, and the mature claims made premium. The darker the blue, the higher the average premium, see how Massachusetts compares to other states.