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Medical Malpractice Insurance information
Most physicians work long and irregular hours. It has been reported that 43% of all physicians work in excess of 50 hours per week. With all of this time devoted to patient care and practice development, physicians benefit greatly from relying on the expertise of an Insurance Agent specialized in the area of Medical Malpractice Insurance.
It is difficult for physicians to remain knowledgeable about the ever-changing landscape of Malpractice Insurance coverage, law, and carrier options. Diederich Healthcare specializes in Medical Malpractice Insurance and we understand the need for a trusted “partner” who can assist physicians in selecting the right Medical Malpractice Insurance protection for their practice.
Diederich Healthcare’s network of over 200 contracted insurance affiliates assures our physician clients greater portability, market accessibility, and effective consultation. We provide consultation on coverage options from the major carriers offering Professional Liability Insurance to physicians throughout the United States. We will provide malpractice insurance quotes from several carriers and make recommendations on coverage that best fits the physician’s particular needs at the most cost effective premium.
Diederich Healthcare reviews each account and policy prior to each policy renewal, and more frequently based on market/situational changes, to determine options for renewal coverage. These options are then presented to the physician with our recommendation prior to renewal in order to avert last-minute decision making.
Medical Malpractice Coverage also available for:
- Medical Groups
- Medi-Spa Facilities and Procedures
- Weight Loss Procedures
- Ancillary Healthcare Professionals
- Physician Assistants
- Nurse Practitioners
- Surgical Assistants
Illinois Medical Malpractice Insurance Market Summary
Tort reform legislation has been adopted twice in Illinois placing caps on medical malpractice claims which resulted in some reduction in insurance rates. Although these acts have not been repealed, courts have found the damage caps to be unconstitutional. Regardless, medical malpractice insurance rates in Illinois remain much lower than in the past.
Illinois Medical Malpractice Insurance Carriers
Medical malpractice insurance in Illinois is available from standard Admitted Carriers, Surplus Lines Insurers, and Risk Retention Groups. $1,000,000 per occurrence and $3,000,000 annual aggregate is the standard limit of liability in Illinois. ISMIE, the state’s largest carrier of medical professional liability insurance, holds over 60% of the Illinois market; however, there are a large number of additional carriers competing for business in Illinois which has resulted in stable premium rates.
There is NO LIMIT on compensatory damage awards for medical malpractice cases in Illinois. There is a cap on non-economic damage awards; however, they have been held to be unconstitutional in court. Punitive damage awards are not allowed in medical malpractice cases in Illinois.
Statute of Limitations
The statue of limitations in Illinois is generally 2 years for filing medical malpractice lawsuits; however, this time period does not begin until the time of discovery of the alleged injury. The time period cannot exceed 4 years in any case, except for minors where the statute of limitations is 8 years from the date of the alleged act or omission, except than in no event may such an action be filed after the minor claimant’s 22nd birthday. St.5/13-212(b)
Diederich Healthcare is able to offer medical malpractice insurance to the following counties in Illinois:
Cook, Lake, Knox, McDonough, Adams, Washington, DuPage, Wayne, Hancock, Franklin, Henry, Whiteside, Clinton, Edwards, Clark, McHenry, Mercer, Morgan, Madison, Wabash, Tazewell, Moultrie, Vermilion, McLean, Lawrence, Marion, Saint Clair, Scott, Cook, Peoria, Effingham, Union, Lee, Pulaski, Livingston, Rock Island, Sangamon, Crawford, Jo Daviess, Douglas, Cass, Macon, Boone, Bureau, Kankakee, Gallatin, Iroquois, Coles, Christian, Fulton, Menard, Greene, Logan, Pike, Williamson, Macoupin, Montgomery, Fayette, Will, Kane, Jackson, Bond, Schuyler, Ogle, La Salle, Jefferson, Randolph, Massac, Dewitt, Calhoun, Mason, Shelby, Marshall, Hamilton, Winnebago, Piatt, Woodford, Richland, Warren, Saline, Clay, Cumberland, Henderson, Jasper, Johnson, Champaign, Kendall, Grundy, Stark, Jersey, Edgar, Pope, White, Monroe, Alexander, Hardin, Stephenson, Carroll, DeKalb, Perry, Brown, Ford, Putnam
All Specialties save on Medical Malpractice Insurance with Diederich Healthcare
- On average, Physician clients that switch to Diederich Healthcare save 46% on their medical malpractice insurance.
- We compare the major companies for your specialty in order to recommend the best coverage at the lowest premium for your practice.
- Our access to multiple carriers in each state allows us to offer many practice discount programs…
- New Doctor Discount
- Part-Time Discount
- Board Certification Discount (ABFM)
- Claims Free Credit
- Risk Management Credit
- No need to purchase Tail Coverage when changing to Diederich Healthcare with Prior Acts Coverage Included.
Med Mal Insurance Coverage in
- AM Best “A-Rated” Coverage at Affordable Rates
- Coverage options for all Medical Specialties, Groups and Healthcare Facilities
- Compare Premiums and Choose Malpractice Coverage that best suits your needs
- Maximum Discounts available to physicians in
- Guidance regarding Risk Management at your practice
- Access to “Specialty Lines” of Insurance for your Unique Practice needs
- Easily Transfer Your Malpractice Insurance at any time
Providing cost-effective Medical Professional Liability Insurance to Healthcare Providers located in …
Get your FREE QUOTES now…compare multiple companies providing Malpractice Insurance to physicians in . (including AM Best A-Rated carriers)
Covering all Physician Specialties, including Groups and Facilities in , and all Types of Procedures…
Your “one-stop-shop” to obtaining affordable coverage to meet your needs. Representing a large number of quality insurance companies; giving you the confidence of having an advocate in your corner who has already “shopped” the marketplace for the best Malpractice Insurance Value available in .
Accessing all Discounts available to each Physician’s Medical Practice…
Multiple Physician/Group Discounts, Medical Board Certification Discounts, Claims Free Discounts, Practice Longevity Discounts, Risk Management Discounts, Part-Time and New Practitioner Discounts.
Guiding Medical Practitioners toward improved Risk Management…
Ask about FREE access to Risk Management assessments and training for your practice. Offering access to Insurance for physicians and Risks/Procedures that are more difficult to cover…
Obtain coverage options for High Risk physicians and/or Procedures and Specialty Practices such as:
- Medi-Spas (including Botox/Fillers)
- Weight Loss/Weight Management (including HCG and Bariatric Surgery)
- Others available upon request