You’ve spent a great deal of time and effort serving your patients and building your practice, so it can be frustrating to look at the costs of medical malpractice insurance in Rhode Island. The state has some of the most expensive medical malpractice insurance costs in the nation, with obstetrics professionals and high-risk professionals paying base rate premiums of over $100,000.

At Gallagher Healthcare, we know there are options. No matter your specialty, we can help you find a custom and robust medical liability insurance solution from a reliable insurance carrier. As one of the largest brokerages to specialize in healthcare, Gallagher Healthcare works with virtually every healthcare provider in the country, including large companies and alternative insurance carriers. We bring you multiple quotes based on your specific needs.

Our independent brokerage is always learning about the market, so you don’t have to. Our extensive knowledge of the medical malpractice market means we can help you find the best options available. Our experienced professionals work with medical professionals in every specialty, and we find solutions that work, even helping outline the differences between policies and answering your questions about coverage.

Contact Gallagher Healthcare today to speak with a professional who can help you secure coverage with an eye to upcoming insurance law changes, to ensure you are covered now and tomorrow.

What You Need to Know About Rhode Island Medical Malpractice Insurance

The high costs of Rhode Island medical malpractice insurance stem from the state’s tort laws. A number of sources, including Pacific Research Institute, have named Rhode Island tort laws as among the worst in the nation. In addition, there has not been much reform of laws in the state.

The most recent reform to medical liability tort laws requires courts to reduce damages in cases where proof of collateral source payments is submitted. That is, if it can be proven that a plaintiff is receiving benefits for an injury, the total monetary award will have the amount of those benefits subtracted. Unfortunately, collateral source payments do not generally significantly reduce damages, especially in larger recoveries, meaning this reform does not significantly reduce malpractice coverage costs for physicians.

In 2006, the proposed Health Care Tort Reform Act would have placed caps on non-economic damages and would have introduced other changes to reduce medical malpractice healthcare costs. Unfortunately, the Act was not passed or signed into law. There is currently no indication Rhode Island physicians will enjoy lower medical malpractice rates in the near future.

Fast Facts

  • Physicians in high-risk specialties pay medical malpractice rates 2-3 times higher than those of nearby states.
  • Before 2006, premiums for medical malpractice insurance were increasing at a rate of 40-100% each year.
  • In 2006, the American Medical Association announced Rhode Island was one of the states facing a medical liability crisis.

Summary

Physicians and surgeons in Rhode Island face a challenging medical liability environment and medical malpractice insurance market. Tort laws in the state, coupled with a lack of recent tort and medical liability reform, have allowed insurance rates to rise above those of other states. This not only threatens practices, but also patient safety and care as physicians move to other states or choose to retire.

If you have a practice in Rhode Island, you need robust and comprehensive insurance that addresses your needs. No matter your specialty, and regardless of Rhode Island’s challenging insurance market, there are options available. Gallagher Healthcare specializes in insurance options for the medical community.

As part of one of the largest brokerages, Gallagher Healthcare has access to a vast network of insurance carriers, so we are familiar with a wide range of options. Gallagher Healthcare also stays abreast of the latest developments in the insurance market and the medical liability environment, so we can always alert you when something changes which could affect your insurance rates.

If you have questions or would like to get a quote, contact Gallagher Healthcare today.

Rhode Island Medical Malpractice Insurance Rates - Top 15 Specialties

Undiscounted State Filed Rate Data averages across all territories for $1m / $3m limits

SpecialtyAverage RateMin RateMax RateCount
Internal Medicine No Surgery$11,993$8,544$15,4421151
Family Practice No Surgery$11,294$7,145$15,442366
Pediatrics No Surgery$11,294$7,145$15,442362
Emergency Medicine$26,306$18,640$33,972306
Psychiatry$8,662$4,970$12,354303
Occupational Medicine$6,346$4,970$7,721249
General Surgery$32,483$18,640$46,326195
Obstetrics and Gynecology Major Surgery$54,138$31,066$77,210167
Radiology - Diagnostic$14,156$9,010$19,302167
Orthopedic Surgery No Spine$28,623$18,640$38,605139
Anesthesiology$12,226$9,010$15,442127
Pathology No Surgery$9,284$6,213$12,354100
Cardiovascular Disease Minor Surgery$16,712$11,805$21,61992
Gastroenterology No Surgery$13,003$10,563$15,44290
Ophthalmology No Surgery$8,352$4,350$12,35482
* 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.

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 Rhode Island.

Rhode Island Medical Malpractice Rate Range Chart

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 Rhode Island compares to other states.

Malpractice Rate Heat Map - United States