Physicians who perform surgery have a much higher risk for being exposed to a medical malpractice NYC lawsuit. Over 50% of medical malpractice New York City cases involve surgeons making the selection of medical malpractice insurance New York area provider. Choosing the right malpractice insurance NY may be a crucial decision for your practice.
In today’s highly litigious society, physicians who perform surgery are at a higher risk of being implicated in a medical malpractice lawsuit. The toll that medical liability takes on doctors is more than financial.
Consider one recent finding: Surgeons who were sued had a 7% higher rate of burnout and a 10% higher rate of experiencing symptoms of depression than those not sued during the two years examined, said a study in the November 2011 Journal of the American College of Surgeons. A study issued in November 2011, found that the average expense to defend against a medical liability claim in 2010 was $47,158. That’s a 63% increase from 2001. Average expense payments have increased by 43% since 2005. About two in three claims against doctors were dropped, dismissed or withdrawn without payment in 2010, but expenses handling even those dead-end claims average $26,851.
Even with minor improvements in the marketplace (increase in companies writing malpractice insurance in New York State), the report shows premiums for obstetrician-gynecologists in some areas of New York hit $206,913 in 2011, a 41% increase from 2004. How high will your rates go?! Paris Kirwan has the ability to tailor your policy to cover only those surgical procedures you perform. As an orthopedic surgeon who does not perform spine surgery, it makes no sense for you to pay the same premium as the surgeon who performs spine surgery. Similarly, if you perform only Orthoscopic Surgery and do not do Total Joint Replacements, your premium should be substantially less. Paris Kirwan will work with you to determine what procedures you want to cover and reduce your malpractice premiums substantially.
“How high will my medical malpractice rates go?”
That’s the question New York surgeons have been asking for years. Paris Kirwan is your Choice for malpractice insurance – stable, competitively priced coverage you can count on. We provide custom-tailored malpractice insurance for surgical specialties including Cardio-Thoracic Surgeon, General Surgeon, Gynecology, Neurosurgery, Obstetrics/Gynecology, Ophthalmology, Orthopedic Surgeon, Perinatology, Plastic & Reconstructive Surgery, Reproductive Endocrinology, Urology, and others, while always pushing for the lowest possible premiums. Through selective underwriting, professional risk management, and aggressive defense of unfair claims, we offer affordable coverage that you can’t get in the traditional market. Paris Kirwan can start SAVING you money today on your medical malpractice Insurance.