Obstetricians and Gynecologists often find themselves in a crisis situation, facing astronomical medical malpractice insurance premiums, and the potential for damaging lawsuits.
Unfortunately, medical malpractice insurance premiums for OB/GYN physicians will probably always be high. Why? Because OB/GYN physicians face incredibly high risks due to the nature of their specialty.
Many medical incidents are beyond the control of OB/GYN physicians, especially during the delivery phase of a pregnancy. With many serious complications linked to babies due to the unavoidable/unforeseeable risks associated with birth, it comes as no surprise that OB/GYN physicians face great potential for lawsuits related to pregnancy/delivery complications – so great, that many OB/GYNs have given up practicing Obstetrics.
Whether at fault or not, many OB/GYNs believe they have little chance of triumph in the courtroom; and yet, are understandably reluctant to consent to a settlement when they believe they did nothing wrong and provided the due standard of care to their patients. Due to inevitable claims, it is extremely imperative that OB/GYN physicians seek the best possible medical malpractice insurance company they can find with a specialized team of attorneys to defend them against lawsuits.
While it may seem like there is no winning med-mal solution for OB/GYN physicians, especially in NY, there are alternative options available including special Discounts and Risk Management courses. Due to the high premiums OB/GYN physicians face, there is oftentimes potential for substantial discounts. Also, many carriers offer innovate risk management tools specifically designed for OB/GYN physicians to reduce their risks â€“ especially risks associated with delivery.
PriMed Consulting works with several experienced, competitive, state admitted med-mal carriers and RRGs in NY and NJ with viable options for OB/GYNs.
If you are an OB/GYN physician looking for malpractice insurance, contact PriMed Consulting to help you determine the most viable med-mal coverage options for you and your practice.