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.
| 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.
General liability insurance for obstetricians has a $1 million per occurrence limit and a $2 million aggregate limit.
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
| 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.
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.
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
Get all the best quotes from leading providers in a click of a button!
| 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.
An insurer may pay $100,000 under this policy following the occurrence of an insured peril.
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
| 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.
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
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.
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
| 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.
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.
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
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.
Up to date, there are no set coverage limits on how much an insurance carrier should pay you or give you under this policy.
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 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.
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.
| 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 |
Get all the best quotes from leading providers in a click of a button!
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.
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
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
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
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
Compare quotes online
Cancel your policy anytime
Provision of free expert insurance advice
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
Compare quotes over the phone
Aids in matching its clientele with coverage that fit their business needs
A partner of many reputable insurance companies
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
It offers a 5% discount on its bundled policies
You can report a claim24/7
Worldwide coverage
14-day money-back guarantee
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
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
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
This place is an absolute joke of a company and should be ashamed of the way they conduct business. I was hurt on the job at the end of July and it took them just shy of 7 weeks to issue out a paycheck to me. Yes the amount was back dated but still. Not many have the luxury of not receiving a paycheck for almost 2 months. To top it all off, the original adjuster marked me down for the wrong state which caused a problem from the get go, I've had 3 different adjusters now since each one can't seem to figure out the simplicity of my claim. All my paperwork which includes, my job, house, and drs visits all are from the same state and city but yet some how I have been filed under a completely different state 1500 miles away. They do not answer your phone calls or emails no matter how many you leave. I've had to escalate my frustrations to the supervisors of each of these individuals in order to even get some kind of response. I've had more communication and information given to me about my claim from the customer service representatives then the actual adjusters.......... please tell me how that works?! A serious overhaul needs to happen here in order to serve your clients the way they deserve to be taken care of. 10/10 do not recommend this company to a single soul on earth
I have never had the displeasure of working with a more incompetent and disrespectful person in my life. I’m an injured worker and the adjuster that was assigned to my case was named Carrie Furgeson. In the past 6 weeks that I’ve been injured and out of work I have only been able to get ahold of her twice, not for lack of trying. I have left countless voicemails, countless emails, and she ignores them all. When I am finally able to get ahold of her I’m greeted with terrible customer service. She is rude, she talks over me and I’m hardly able to get a word in edgewise. She spelled my name wrong on my documents even after I spelled it for her properly countless times, this caused a whole new issue with my bank. I have bill collectors from the hospital calling me demanding payment and Carrie Furgeson won’t do a single thing to help, or to get them paid. All of my documentation is in Colorado, my job is in Colorado, my address is in Colorado, all my Dr offices and appointments have been in Colorado and Carrie still managed to hold my claim because she wasn’t sure what state she needed to file it under. It’s been 6 weeks since my Injury and my company still hasn’t received the wage paperwork to fill out so they can get me my correct wages. When she’s not ignoring me she’s answering my questions with “I don’t know” well I don’t know how she got this job, because apparently she doesn’t know anything about it. She is a disgusting morose individual inside and out and I genuinely wish her the worst in all of her future endeavors. I highly recommend you don’t use this company. Please if you are a business owner and your looking into this company please don’t use them. I’m sure they have the cheapest payment and that’s why companies use them in the first place, but you will be doing your employees a grave disservice by forcing them to venture into this absolute dumpster fire of a company. I would rate 0/5 if possible but 1 was the lowest I was allowed.
Their general liability insurance purchase process is simply the best online experience I've ever had in my life!
As long as they cover your line of business, you're literally covered! best rates, best coverage, best online experience, best professionals, can't be happier that I chose them!
It really can't get any better than this... wow
Not all those who wander are lost.
Disclosure: Insuranks.com is an independent educational comparison service and an advertising-supported publisher. Some of the companies/offers that appear on the website are from our partners which we may receive compensation from. This may influence which companies/offers we write about and where and how it appears on the site. However, this does not impact our assessments. We solely highlight companies, products, and offers that can help you make smarter insurance decisions.
