Business owner’s policy costs for doctors

Doctors pay a median premium for a business owner’s policy. This policy bundles general liability insurance and property insurance, often at a discounted rate. A BOP protects physicians against patient injuries and property damage, along with damage to your own business property.

Professional liability insurance costs for doctors

This policy, also called medical malpractice insurance, provides protection against patient lawsuits accusing a physician of negligence or errors, including misdiagnosis. The cost varies tremendously depending on your practice’s level of risk.

Workers’ compensation costs for doctors

Typically private medical practices pay a median premium of less than $85 per month, or $985 annually, for workers’ compensation insurance. This policy is required in almost every state for clinics that have employees. It can cover medical expenses and lost wages for work-related injuries and illnesses.

Safeguard Solutions Insurance Services

Safeguard Solutions Insurance Services licensed agents work with leading U.S. carriers to find the right coverage for your practice, whether you’re a solo practitioner or run a small medical practice. Apply today to compare multiple quotes with one free online application. If you decide to purchase a policy, you’ll work with an account manager who specializes in business risks for doctors.