Anesthesiologist Insurance: Cost & Quotes From $42/mo

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Anesthesiologists help monitor a patient’s vital functions during surgery. You can carry significant liability. Anesthesiologist insurance is a great way to protect yourself and your business from customer lawsuits and other liability claims. Keep reading as we explore critical topics and components of an excellent insurance policy for your anesthesiologist business.

Do Anesthesiologists Need Insurance?

Anesthesiologists need insurance to protect them from significant financial liabilities in the medical industry. Most states do not require that an anesthesiologist carries a liability insurance policy. However, most hospitals and clients demand anesthesiologists to have some form of liability insurance.


General Liability Insurance for Anesthesiologists 

CoverWallet  NEXT (Best) Thimble  Hiscox The Hartford
Per occurrence limit  $1,000,000 $1,000,000 $1,000,000/$2,000,000 $300,000/$1,000,000 $1,000,000/$2,000,000
Aggregate limit  $2,000,000 $1,000,000/$2,000,000 $1,000,000/$2,000,000 $300,000/$2,000,000 $1,000,000/$2,000,000
Products and completed operations aggregate limit  $2,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000
Advertising injury coverage aggregate limit  $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000
Tenant’s legal liability coverage limit  $100,000 $100,000 $5,000 $100,000 $1,000,000
Waiver of subrogation included? Yes No Included Can be included No
Hired/non-owned auto liability coverage included? Yes No Excluded Can be included Can be included
Equipment breakdown floater included? No  Yes Yes Can be included Can be included
Can you get a certificate of insurance online? Yes Yes Yes Yes Yes
Name additional insureds? Yes Yes Yes Yes Yes
Deductible $0 $0 $0 $0 $0


General liability insurance protects from third-party liability claims resulting from injuries and property damage. Policies will also often include protection from claims resulting from advertising injury. Some example situations include:

  • A customer trips and falls inside your office 

  • While providing anesthesiologist services, you accidentally damage a customer’s property

Add-Ons of General Liability Insurance for Anesthesiologists 

You can customize your anesthesiologist policy further by adding more policies or endorsements to increase your overall coverage. Below are some options to consider.

  • Cyber liability–Protects your business against data security breaches, cyber-attacks, and other related liability claims

  • Additional insured–Protects additional parties that were not initially named on the policy

  • Tools and equipment insurance–Helps you repair or replace damaged and stolen tools and equipment you use in your practice

Coverage Limits of General Liability Insurance for Anesthesiologists 

Your anesthesiologist coverage limit for general liability insurance will typically be $1 million per occurrence and $2 million in aggregate coverage. Aggregate coverage is the total coverage you will receive across multiple claims in the lifetime of your policy.


What Monthly Premium Can I Expect to Pay for My Anesthesiologist’s General Liability Policy?

Your anesthesiologist liability insurance cost will be around $35 per month. The cost of your policy will depend on factors like your business’s location, claims history, and any employees you have.


Can General Liability Insurance Protect My Business Property?

No, since general liability only provides third-party protection, you would need a different policy to protect your property. You should consider getting a business owner’s policy or commercial property policy.


Malpractice Insurance for Anesthesiologists

CoverWallet  NEXT Thimble (Best) Hiscox The Hartford
Per occurrence limit  $1,000,000 $1,000,000 $1,000,000/$2,000,000 $1,000,000 $1,000,000
Aggregate limit  $2,000,000 $2,000,000 $1,000,000/$2,000,000 $1,000,000 $2,000,000
Name additional insureds? Yes Yes Yes Yes Yes
Waiver of subrogation included? Yes No Yes Can be included No
HIPAA coverage included? No No No No No
Sexual misconduct coverage included? No No No No Can be included
License defense coverage included? No No No No Can be included
Deductible  $500 $500 $500 $50/$10,000 $500


Anesthesiologist malpractice insurance is an important policy to protect you from patient liability claims due to negligence, failure to perform, abuse, and other types of malpractice. Some coverage examples include:

  • A patient dies from a mistake you made as an anesthesiologist

  • A procedure you made as an anesthesiologist led to a negative health outcome for a patient

Coverage Limits of Malpractice Insurance for Anesthesiologists

The National Institutes of Health that most policies offer limits from $100,000 and $300,000 per occurrence to $1 million and $3 million in aggregate coverage.

What is the Difference Between Claims-Made Malpractice Insurance and Occurrence Malpractice Insurance?

Claims-made policies only provide coverage if you file a claim during your insurance policy period. Occurrence policies will cover an incident as long as it happens during your policy period, even if you can’t file a claim until your policy expires. 

Is Malpractice Insurance Different Than Professional Indemnity Insurance?

Professional indemnity insurance for anaesthesiologist is another term for malpractice insurance. The former is the most commonly used term for businesses and professions in the medical industry. 

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Commercial Property Insurance for Anesthesiologists

CoverWallet NEXT (Best) Thimble The Hartford Hiscox
Building coverage limit (minimum) $50,000 $320,000 $25,000/$500,000 $75,000 $25,000
Contents coverage limit (minimum) $50,000 $35,000 $25,000/$500,000 $75,000 $15,000
Outdoor signs Excluded $2,500 Excluded Excluded Included
Accounts receivable  Excluded Excluded $5,000/$10,000 Excluded Included
Money and securities Excluded $2,500 $1,000 Excluded Included
Lock and keys  Excluded $2,500 Excluded Excluded Included
Business interruption floater Excluded Included Included Excluded Included
Equipment breakdown floater Excluded Included Excluded Excluded Included
Inland marine insurance floater Excluded Excluded $10,000 Excluded Excluded
Employee dishonesty floater Excluded $5,000 $2,500 Excluded Excluded


Commercial property insurance is a policy that protects your anesthesiologist’s business building and property from damage. Some situations to use this policy include:

  • A fire starts in your office that damages equipment you need to replace

  • One of the tools you use in your anesthesiologist practice gets stolen by a criminal who intends to resell it

Add-Ons of Commercial Property Insurance for Anesthesiologists 

  • Equipment breakdown insurance–Covers costs to replace or repair equipment that suffers a mechanical breakdown or another internal force breakdown

  • Earthquake insurance–Many policies will not cover earthquakes by default. Suppose you live in an area that has likely earthquakes. In that case, you will want to add this policy

Coverage Limits of Commercial Property Insurance for Anesthesiologists

 Typically, your commercial property insurance policy for anesthesiologists will cover $50,000 in business property and $50,000 in property contained within the building.


Will My Commercial Property Insurance Cover My Business Vehicles?

No. Vehicles will require a separate policy to get protection. Commercial property insurance aims to cover your business building and property. 


What Should I Do Before Buying Commercial Property Insurance?

Before you sign up for a commercial property insurance policy, asses your business property. The coverage for your commercial property will depend on the value of office equipment, building, and other belongings. 


An anesthesia mask sitting while surgery is ongoingAn anesthesia mask sitting while surgery is ongoing.


Business Owner’s Policy for Anesthesiologists

CoverWallet NEXT (Best) Thimble  Hiscox The Hartford
General liability aggregate limit  $2,000,000 $1,000,000/$2,000,000 $1,000,000/$2,000,000 $300,000/$2,000,000 $1,000,000/$2,000,000
Commercial property coverage limit  $50,000 $320,000 $25,000/$500,000 $75,000 $75,000
Optional policies can be added? Yes Yes Yes Yes Yes
Name additional insureds for free? Yes Yes Yes Yes Yes
BOP discount? Yes Yes Yes Yes Yes


Anesthesiologist insurance coverage with a business owner’s policy has the benefits of both general liability and commercial property insurance. It will also often include business interruption insurance Some examples include:

  • A member of the public wanders into your office and slips, needing medical treatment for a neck injury

  • A vandal who breaks into your office damages one of your medical tools

Add-Ons of Business Owner’s Policy for Anesthesiologists 

  • Commercial crime–This protects your anesthesiologist business for employee acts of business like forgery, robbery, and cyber crimes

  • Employment practices liability–Protects you from employee claims of discrimination, wrongful termination, and other workplace practices

Coverage Limits of Business Owner’s Policy for Anesthesiologists 

A business owner’s policy has a general liability coverage between $1 and $2 million and property coverage between $15,000 and $50,000. You can purchase higher limits depending on the value of your property and how much you want to spend.


What Deductible Should I Expect to Pay for My Business Owner’s Policy for Anesthesiologists?

Your deductible will depend on the price of your policy and the insurer. Deductibles will range between $500 and $10,000 for the business owner’s policy. Some insurance companies offer $0 deductibles for some coverage, which are generally more expensive.


Tools and Equipment Insurance for Anesthesiologists 

NEXT  Thimble Hiscox The Hartford
Aggregate limit $3,000/$10,000 $2,500/$5,000 $15,000/$25,000 $5,000-$10,000
Covers hired and borrowed equipment? $3,000/$10,000 $2,500/$5,000 No Yes
Miscellaneous equipment also covered? $5,000/$10,000 No Yes Yes
Offered as an endorsement to general liability insurance? Yes Yes Yes Yes
Deductible $500 $500 $0 $0


Anesthesiologists can use a tools and equipment insurance policy to protect their tools from damage, even when they are not on business property that they own. Some situations to use this coverage include:

  • You bring your anesthesiologist tools to a surgery theater to assist a patient with their operation, and they get stolen

  • A windstorm causes damage to your medical tools, and they need to be replaced

Add-Ons of Tools and Equipment Insurance for Anesthesiologists 

  • Inland marine coverage–Protects your tools if you need to store them away from your office or while transported to a different location

  • Equipment breakdown–Helps you cover the costs of your tools and equipment when they break down from internal causes. Covered events include electronic failure, a power surge, or a mechanical breakdown


Coverage Limits of Tools and Equipment Insurance for Anesthesiologists 

Anesthesiologists can typically get tools and equipment coverage with a limit between $5,000 and $10,000. Higher limits are available depending on the insurer.


What Events Are Not Covered by My Tools and Equipment Insurance for Anesthesiologists?

You will not receive coverage if your tools and equipment breakdown from normal wear and tear. Moreover, the intentional destruction of your tools will often not be covered. 


Workers Compensation Insurance for Anesthesiologists

Workers’ compensation insurance is a policy that pays your employees when they get sick or injured from regular business duties. This may automatically include employer liability protection that protects you from employee lawsuits. Some situations to use this coverage are listed below.

  • One of your employees injures their leg moving a piece of equipment and needs medical treatment

  • An employee develops a chronic back condition resulting from their work duties that limit their ability to work

What is Disability Insurance for Anesthesiologists, and How Does It Differ from Worker’s Compensation?

Anesthesiologist disability insurance reimburses lost income to workers who cannot work due to a disability. Unlike workers comp, coverage applies whether or not the disability is due to a work-related accident. 


What is an Employee’s Responsibility in Claiming a Workers Comp Policy?

Although employees are not responsible for paying for the policy, they are responsible for reporting the injury to a supervisor or employer as soon as possible. If an employee does not report soon enough, they may not be able to receive coverage promptly. Another reason an employee will not want to wait is because they want to receive medical treatment as soon as possible to prevent them from worsening.


Excess Liability Insurance for Anesthesiologists

Excess liability insurance can upgrade one of your anesthesiologist’s policies with a higher coverage limit. It is a helpful policy because you can increase your coverage limit without having to buy a new policy if you run out of coverage.


Why is Excess Liability Insurance Important for Anesthesiologists?

Excess liability policies help you get additional coverage if liability becomes unexpectedly expensive. You should know the potential cost of lawsuits and injury, as they could quickly bankrupt your business.

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Anesthesiologist Insurance Cost

Cost per Month Cost per Year Deductible
General liability insurance $35 $420 $0-$500
Malpractice insurance $65 $780 $500-$1,000
Excess liability insurance $41 $492 $500-$1,000
Commercial property insurance $50 $600 $1,000-$2,000
Business owner’s policy $78 $936 $1,500
Commercial auto insurance $70 $840 $500-$1,000
Tools and equipment insurance $39 $468 $500-$1,000
Workers compensation insurance $100 $1,200 $2,000-$5,000


The average anesthesiologist insurance cost per month is $35 for a $1 million general liability policy. This translates to $420 per year. Here’s a table of further anesthesiologist insurance cost figures based on the price of a $1 million general liability policy from the best companies:

Cost per Month Cost per Year Best for
NEXT $15 $180 Best overall; Fastest general liability insurance for anesthesiologists
The Hartford $19 $228 Medical property insurance for anesthesiologists
CoverWallet $21 $252 Comparing anesthesiologist insurance quotes online
Tivly $24 $288 Comparing anesthesiologist insurance quotes over the phone
Thimble $27 $324 On-demand coverage for anesthesiologists
Hiscox $30 $360 Customized anesthesiologist policy


Anesthesiologist Malpractice Insurance Cost

The average anesthesiologist malpractice insurance cost is $65 per month. This assumes that you only want $1 million worth of coverage. On the other hand, the anesthesiologist malpractice insurance cost  per year is $780. Consider doing these to reduce your overall anesthesiologist medical malpractice insurance cost:

  • Having high deductibles

  • Removing unnecessary add-ons

  • Availing malpractice insurance as an add-on to general liability insurance

Claims history, business history, policy limits, deductibles, location, and risk management programs in place are factors that affect anesthesiology malpractice insurance rates. 

Compare Cheap Anesthesiologist Insurance Quotes Online

Get all the best quotes from leading providers in a click of a button!

Best Anesthesiologist Insurance Companies

The following section covers our reviews of the top providers of anesthesiologist insurance policies. Each has something unique to the table, and you want to remember their strengths, weaknesses, and rate for a $1 million general liability coverage. 


NEXT Anesthesiologist Insurance

Pros 

  • Best overall

  • Issues an online proof of insurance instantly

  • Fastest general liability insurance for anesthesiologists

  • Great customer service and reputation

  • Excellent rates

  • Outstanding value for money

  • Get a 10% discount if you buy two or more policies 

Cons 

  • Couldn’t find any 

NEXT is an online-focused insurance company that delivers policies an anesthesiologist would want for their insurance policies. They have general liability, tools & equipment, workers comp, and many others. NEXT is certified with the Better Business Bureau and has an A-(Excellent) AM Best rating. NEXT offers the cheapest anesthesiologist liability insurance cost on our list since customers can get a 10% discount for bundling two or more policies.

Best for: Best overall; Fastest general liability insurance for anesthesiologists 

Average cost: $15 per month

Our rating: 10/10 


The Hartford Anesthesiologist Insurance

Pros 

  • Serves over one million small businesses

  • Longterm financial rating of A- from AM Best

  • Renowned company for workers compensation insurance

Cons 

  • Limited add-ons to general liability insurance

The Hartford offers unique policies like medical property that protects against weather damage, power outages, hazardous materials, and criminal break-ins. They also have essential policies for anesthesiologists to pick from, like business owner’s policy, general liability, and workers’ compensation.

Best for: Medical property insurance for anesthesiologists

Average cost: $19 per month

Our rating: 10/10


CoverWallet Anesthesiologist Insurance

Pros 

  • Compare quotes online

  • HNOA coverage automatically included in general liability insurance

  • Easy online policy management

Cons 

  • Not an insurance company but an insurance broker

CoverWallet is your digital marketplace for tracking and buying necessary insurance policies. Anesthesiologists can choose from equipment breakdown, workers comp, and general liability policies. CoverWallet has an A+ rating from the Better Business Bureau.

Best for: Comparing anesthesiologist insurance quotes online 

Average cost: $21 per month

Our rating: 10/10 


Tivly Anesthesiologist Insurance

Pros 

  • Compare quotes over the phone

  • Responsive customer service

  • A partner of many reputable insurance companes

Cons 

  • Not completely online

Tivly has an incredible selection of over 200 partners to draw your policy options from. Their workers’ compensation insurance options help protect your employees, and they offer free business insurance quotes that are quickly dispersed. The company is fast-growing and excels at matching businesses with its insurance partners. Call now to compare quotes over the phone. 

Best for: Comparing anesthesiologist insurance quotes over the phone 

Average cost: $24 per month

Our rating: 10/10 


Thimble Anesthesiologist Insurance

Pros 

  • Offers short-term general liability insurance

  • Easy to buy your anesthesiologist policy

  • You can pause your coverage

  • Numerous add-ons to general liability insurance 

Cons 

  • You can’t reach customer service by calling 

Thimble is perhaps the most flexible option from the top insurers of anesthesiologists. They allow you to customize your policy timeframe and even pause coverage easily when needed. Quotes and policies are available online for business owners policy, general liability, and commercial property insurance. The company also offers add-ons like inland marine insurance. This company has an impressive A+ rating with the Better Business Bureau.

Best for: On-demand coverage for anesthesiologists

Average cost: $27 per month

Our rating: 10/10 


Hiscox Anesthesiologist Insurance

Pros 

  • Excellent medical malpractice insurance partner

  • 14-day money-back guarantee

  • Worldwide coverage

  • Automatic policy renewal

Cons 

  • Online quoting might not be available all the time due to periodic site maintenance

Hiscox allows the customization of anesthesiologist policies. They work with you to get a truly unique and tailored policy that fits your business needs. They have an A rating from AM Best and operate in 14 countries. If you are a small business, you can benefit from an extra discount. You enjoy this by bundling two or more policies. 

Best for: Customized anesthesiologist policy

Average cost: $30 per month

Our rating: 10/10

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