Alabama Medical Malpractice Insurance

Alabama Medical Malpractice Insurance Coverage

Coverage Requirements

In the State of Alabama, medical malpractice insurance coverage is not required by law of healthcare providers.  However, most hospitals and practices require physicians to have medical malpractice insurance to get hired and/or privileges.  And, most providers would prefer to be covered in the event of a medical malpractice lawsuit –so they don’t have to navigate the process alone, and pay for any legal fees and/or damages personally out-of-pocket.     

If you decide to purchase coverage, the most common limits of coverage in Alabama are $1M/$3M.  This means that healthcare providers typically purchase medical malpractice insurance with coverage up to $1M per claim, and $3M aggregate.  “Aggregate” means that the policy will pay out up to a total of $3M in one policy year. 

What is the Med Mal Climate Like in Alabama?

Alabama has some of the lowest medical malpractice insurance premiums in the US.  And the state is known to be very friendly towards physicians, despite there being no caps on damages. 

What Kind of Coverage is Available in Alabama?

In Alabama, both Claims-Made and Occurrence-type coverage policies are available.

Who Can We Get You Malpractice Insurance Coverage with in the State of Alabama?

Since we are a medical malpractice insurance agency, we have access to all of the major carriers in Alabama, including surplus lines/non-admitted carriers.   

Cost of Malpractice Insurance

As mentioned above, the cost of medical malpractice insurance is relatively low in Alabama, when compared to other states in the US.   

In general, rates in Alabama for a first year, claims-made medical malpractice insurance policy, for an Internal Medicine physician who is claim free, can range from $3,000-$4,000/year. 

How to Lower the Cost of Your Medical Malpractice Insurance Coverage

Every provider and practice should know that discounts are available when applying for medical malpractice insurance coverage.  Often, we are able to offer discounts for being New-to-Practice, Claim Free, and/or having recently completed qualifying risk management CMEs, among others.  If you think you might qualify for any of these discounts, please let us know.       

How Can We Help You and Why Should You Choose Us?

Nexus Insurance Services was founded in 2004, and is a medical malpractice insurance broker.  Our specialty is med mal insurance and we provide coverage to both medical providers and practices of all sizes.  As a broker, we can reach out to multiple insurance companies simultaneously, shop the market, and provide you with a wide array of options to get you the most competitive pricing. 

Finally, in addition to providing medical malpractice insurance, we can also provide general liability and cyber liability coverage for your practice.  Let us know if your practice needs this kind of coverage, too!

Do you need coverage in Alabama?  If so, click here for a free quote. 

Additional Resources:

Glossary

Alabama Board of Medical Examiners and Medical Licensure Commission

Alabama Department of Insurance

Medical Association of the State of Alabama