Obstetrician Insurance: Cost & Quotes From $28/mo

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Obstetricians are physical therapists that provide antenatal care and postnatal care. Almost 83% of obstetricians get served with a lawsuit at least once in their career. 

So how can you protect yourself from the inevitable risks you are exposed to as an obstetrician? 

Consider purchasing insurance. Insurance can help cover costs if a client files a claim for physical injuries or abuse. You can also use your insurance policy to cover financial losses in case you get involved in a mistake committed by the radiologist of the hospital you’re working at. Read on to learn about the policies that make up a comprehensive obstetrician insurance package. 

General Liability Insurance for Obstetricians

CoverWallet  NEXT (Best) Thimble Hiscox The Hartford
Per occurrence limit  $1,000,000 $1,000,000 $1,000,000/$2,000,000 $2,000,000 $1,000,000/$2,000,000
Aggregate limit  $2,000,000 $2,000,000 $1,000,000/$2,000,000 $2,000,000 $1,000,000/$2,000,000
Products and completed operations aggregate limit  $2,000,000 $1,000,000 $2,000,000 $1,000,000 $1,000,000
Advertising injury coverage aggregate limit  $1,000,000 $1,000,000 $2,000,000 $1,000,000 $1,000,000
Tenant’s legal liability coverage limit  $300,000/$1,000,000 $300,000 $100,000 $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 No 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 you from claims filed by third parties due to bodily injuries, property damage, or reputational harm. It is a basic inclusion in the obstetrician insurance programs of different insurance companies.

Coverage Limits for General Liability Insurance for Obstetricians

General liability insurance for obstetricians has a $1 million per occurrence limit and a $2 million aggregate limit. 


Add-Ons for General Liability Insurance for Obstetricians

  • Product liability insurance–If you manufacture, sell, or distribute products to your clients, then it’s advisable that you purchase this add-on as it will confer you with financial immunity in the event your customers sustain bodily injuries following the use of your product

  • Cyber liability insurance–if you record and store your clients’ personal data digitally, then we recommend that you purchase this add-on as it will provide you with financial aid in the event you become a victim of a cyber attack

Malpractice Insurance for Obstetricians

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


Obstetrician malpractice insurance protects you against medical malpractice claims such as discharging a patient prematurely from the hospital/clinic, misdiagnosing a patient, performing a surgical error, or prescribing a patient the wrong medication or dosage. 

Under this policy, your insurer protects you from any financial impact you may be subjected to following the issuance of negligence, oversight, errors, and mistake claims that you have performed while in your professional capacity.


Coverage Limits for Obstetrician Malpractice Insurance

There are two types of coverages limits under malpractice insurance for obstetricians: The per occurrence limit (the amount you are paid for a single claim) and the aggregate limit (the total amount you are paid for all the claims you issue your insurer during the policy period, which is usually one year). Normally an insurance provider will give you approximately $1,000,000 as the per-occurrence limit and $2,000,000 as the aggregate limit.


Add-Ons for Obstetrician Malpractice Insurance

  • Extended reporting period endorsement–Under this add-on, you are protected from any financial liability in the event your clients report you from claims after your malpractice insurance for obstetricians has ended or expired

  • Medical director coverage–This add-on provides you with financial protection in the event you get sued for medical malpractice that was made while supervising as the medical director. Under this add-on, you are not protected from your professional acts, rather you are protected from errors and omissions that have been committed while acting as a supervisor

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Commercial Property Insurance for Obstetricians

CoverWallet NEXT (Best) Thimble Hiscox The Hartford
Building coverage limit (minimum) $50,000 $260,000 $25,000/$500,000 $25,000 $60,000
Contents coverage limit (minimum) $50,000 $22,000 $25,000/$500,000 $25,000 $60,000
Outdoor signs Excluded $2,500 Excluded Excluded Excluded
Accounts receivable  Excluded Excluded $5,000/10,000 Included Excluded
Money and securities Excluded $2,500 $1,000 Included Excluded
Lock and keys  Excluded $2,500 Excluded Excluded Excluded
Business interruption floater Excluded Included Included Included Excluded
Equipment breakdown floater Excluded Included Excluded Excluded Excluded
Inland marine insurance floater Excluded Excluded $10,000 Excluded Excluded
Employee dishonesty floater Excluded $5,000 $2,500 Included Excluded


This is a business insurance policy that protects you from incurring the costs of rebuilding and repairing your commercial building in the event it gets destroyed or damaged by the following risks or perils: theft, fire, vandalism, and some weather-related catastrophes such as lightning and hailstorms. The contents stored or found in your commercial premises are also insured against the above-mentioned perils.


Coverage Limits for Commercial Property Insurance for Obstetricians

An insurer may pay $100,000 under this policy following the occurrence of an insured peril. 


Add-Ons for Commercial Property Insurance for Obstetricians

  • Valuable papers and records coverage–You can use this add-on to cover recreation and research costs in the event your patients’ medical reports and other indispensable documents get destroyed or damaged by the insured perils 

Business Owner’s Policy for Obstetricians

CoverWallet Thimble (Best) NEXT  Hiscox The Hartford
General liability aggregate limit  $2,000,000 $2,000,000 $2,000,000 $300,000 $1,000,000/$2,000,000
Commercial property coverage limit  $50,000 $500,000 $260,000 $25,000 $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


This is a comprehensive bundled obstetrician policy that combines commercial property insurance, commercial general liability insurance, and business interruption insurance into one policy. Important to note is that this policy doesn’t cover your malpractice and any auto-related accidents.


When Can You Use This Obstetrician Insurance?

  • If your commercial premises get destroyed by fire, vandalism, and some weather-related accidents such as hailstorms

  • If you are found liable for third-party bodily injuries and property damages

  • If you are unable to pay your employees’ salary and rent following an interruption or disruption in your income-generating activities

Coverage Limits for Business Owner’s Policy for Obstetricians

Expect a coverage limit of $1,000,000 under this obstetrician insurance. Important to note is that this coverage limit is not fixed as you can have your insurer of choice increase or decrease it depending on the needs of your business.


Add-Ons for Business Owner’s Policy for Obstetricians

  • Sewer and drain backup coverage–You can use this add-on if your business premises are damaged or destroyed by a sewer or a drainage backup

Tools and Equipment Insurance for Obstetricians

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


This obstetrician insurance is designed to provide you with financial aid in the event your tools and equipment get stolen, lost, or destroyed by fire, lightning, theft, and vandalism. Most insurers will provide coverage to tools and equipment that are under $10,000. 

An insurer will also only provide you with coverage if your items are movable and less than 5 years of age. Your employees’ working gears are also protected under this coverage. Thus in the event they get lost, stolen, or damaged by the previously named perils, you are assured of financial aid from your chosen insurance provider.


Coverage Limits for Tools and Equipment Insurance for Obstetricians

The coverage limit for tools and equipment insurance for obstetricians is approximately $5,000 per item. The current market value of the insured item and the risks it’s exposed to are some of the factors your insurer will consider when determining the coverage limit.


Add-Ons for Tools and Equipment for Obstetricians

  • Inland marine coverage–Consider purchasing this add-on as it will provide you with financial cover in the event your obstetric tools and equipment get lost, stolen, or destroyed by an insured peril while on transit

  • Floods insurance–Under this add-on, you are protected from incurring the costs of repairing and replacing obstetric tools and equipment that have been destroyed or damaged by floods

Workers Compensation Insurance for Obstetricians

In the USA, employers are mandated by law to pay for workers compensation insurance. It’s only in Wyoming and Texas, where employers are exempt from purchasing the workers comp insurance. Workers compensation insurance will cover an employee’s lost wages, medical bills, rehabilitation, and death benefits in case he or she sustains a work-related injury or disease. 

Coverage Limits for Workers Comp Insurance for Obstetricians

Up to date, there are no set coverage limits on how much an insurance carrier should pay you or give you under this policy.


Add-Ons for Workers Compensation Insurance for Obstetricians

  • Return to work programs–Under this add-on, your employees who have been subjected to work-related disabilities or bodily injuries are provided with programs that aid to return them back to their working state. Such programs include job retraining and vocational rehabilitation services.

  • Disability income insurance–In the event your employee is rendered incapable of working due to a work-related disability, then you can use this add-on to compensate them for a portion of their lost wages/salary

  • Voluntary compensation insurance–Employees who are not covered by the workers comp insurance for obstetricians are covered by this add-on. Such employees include your executive officers and freelance obstetric consultants

Excess Liability Insurance for Obstetricians

Excess liability insurance for obstetricians is a business insurance policy that provides you with extra financial support or aid in the event your primary policy coverage limits get exhausted or can’t fully coverage a claim. This obstetrician insurance only provides coverage for one insurance policy unlike an umbrella insurance policy which provides coverage to multiple primary policies.


Coverage Limits for Excess Liability for Obstetricians

It’s typically $10,000,000. How much you get as the coverage limit under this insurance depends on your insurance provider and the deductibles and exclusions of your primary insurance policy.



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Obstetrician Insurance Cost

Cost per Month Cost per Year Deductible
General liability insurance $36 $432 $0-$500
Professional liability insurance $44 $528 $500-$1,000
Excess liability insurance $46 $552 $500-$1,000
Commercial property insurance $53 $636 $1,000-$2,000
Business owner’s policy $86 $1,032 $1,500
Commercial auto insurance $65 $780 $500-$1,000
Tools and equipment insurance $39 $468 $500-$1,000
Workers compensation insurance $80 $960 $2,000-$5,000


General liability insurance is $36 per month or $432 per year for a $1 million worth of coverage. On the other hand, the average obstetrician malpractice insurance cost is $44 per month or $528 per year. Factors that affect the cost of premiums are claims history, business history, policy limits, annual revenues, and location. Here’s a table showing the insurance cost for obstetricians based on the rate of a $1 million general liability coverage from the best companies:

Cost per Month Cost per Year Best for
NEXT $20 $240 Best overall; Fastest general liability insurance for obstetricians
The Hartford $21 $252 Workers compensation insurance for obstetricians
CoverWallet $25 $300 Comparing obstetrician insurance quotes online
Tivly $27 $324 Comparing obstetrician insurance quotes over the phone
Hiscox $29 $348 Worldwide coverage for obstetricians
Thimble $32 $384 On-demand coverage for obstetricians

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Best Obstetrician Insurance Companies

Here are some of the companies you might want to work with. Read some of the reviews below to know their pros, cons, and average rate for a $1 million general liability insurance. 


NEXT Obstetrician Insurance

Pros

  • You can customize policies

  • 10% discount incentives for its bundled policies

  • Online provision of the certificate of insurance through its website

  • Best overall

  • Fastest general liability insurance for obstetricians

Cons

  • Couldn’t find any

NEXT is a 100% digitally operated and managed private insurance company that specializes in the provision of affordable and tailorable insurance policies to small-scale business owners. The A- AM Best-rated insurer sells its bundled policies at a 10% discount.

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

Average cost: $20 per month

Our rating: 10/10


The Hartford Obstetrician Insurance

Pros

  • Its auto policies have a lifetime renewability

  • Its coverage options are available in all the 50 states

  •  You can report a claim through its mobile app

Cons

  • Limited add-ons to general liability insurance

The Hartford is a USA-based insurance provider that was founded in 1810. The AM Best has also rated this company an A+ grade. As of today, Hartford provides customizable and comprehensive auto, homeowners, and business insurance policies to AARP members across the 50 states.

Best for: Workers compensation insurance for obstetricians 

Average cost: $21 per month

Our rating: 10/10


CoverWallet Obstetrician Insurance

Pros

  • Compare quotes online

  • Cancel your policy anytime

  • Provision of free expert insurance advice

Cons

  • Not an insurance company but an insurance broker 

CoverWallet is an online insurance company that was founded in 2015. In 2019, AON acquired CoverWallet. Through its straightforward website, CoverWallet provides its customers with multiple business insurance coverage options provided by its 29 partnered insurance carriers.

Best for: Comparing obstetrician insurance quotes online 

Average cost: $25 per month

Our rating: 10/10


Tivly Obstetrician Insurance

Pros

  • Compare quotes over the phone

  • Aids in matching its clientele with coverage that fit their business needs

  • A partner of many reputable insurance companies

Cons

  • You need to call to get a quote

Before its rebranding in 2022, Tivly, an online insurance agency was known as CommercialInsurance.net. This A+ AM Best-rated digitally operated insurance agency. The agency matches its customers with the best insurance policies that suit their business needs through its 200 partnered insurance companies. Call now to compare quotes over the phone, 

Best for: Comparing obstetrician insurance quotes over the phone 

Average cost: $27 per month

Our rating: 9/10


Hiscox Obstetrician Insurance

Pros

  •  It offers a 5% discount on its bundled policies

  • You can report a claim24/7

  • Worldwide coverage

  • 14-day money-back guarantee

Cons

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

Hiscox was founded in 1901. It’s rated as a 5-star insurance provider by Defaqto. Despite this A+ AM Best-rated insurer operating globally, it has not extended its coverage to Alaska. Through its easy-to-understand and use website, novice policyholders can purchase and manage their policies online.

Best for: Worldwide coverage for obstetricians

Average cost: $29 per month

Our rating: 9/10


Thimble Obstetrician Insurance

Pros

  • Provision of seasonal and temporary coverage

  • The AM Best rates it as an A-grade insurance agency

  • You can report a claim through its mobile app

Cons

  • You can’t reach customer service by calling 

Thimble is an online USA-based insurance company. This A-rated AM Best insurer is an accredited member of the Better Business Bureau (BBB). Through its mobile app, you can report a claim and also purchase its affordable obstetrician insurance policies.

Best for: On-demand coverage for obstetricians

Average cost: $32 per month

Our rating: 9/10

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