New York Medical Malpractice Insurance for all physicians.
Welcome to MedMal-NY.com. We Specialize in providing New York physicians with cost-effective medical malpractice insurance coverage that they need. We have more carriers, top of the line service and can offer the most cost-effective rates, no matter what your specialty is.
There is no need to wait until your renewal date to start saving on your medical malpractice insurance, and it has never been easier to get free, no-obligation quote. Complete our simple quote form and an experienced medical malpractice insurance agent will contact you with an indication.
Welcome to MedMal-NY.com. We Specialize in providing physicians in New York with
cost-effective medical malpractice insurance coverage that they need.
Choice
Through Diederich Healthcare’s network of the nations leading carriers in the medical malpractice insurance industry, we are able to offer you more choices than other malpractice insurance agencies. For over 40 years, we have made it a priority to continually move forward in order to provide physicians with the most cost-effective options available. Complete the form above and see why over 13,000 physicians have placed their trust with Diederich Healthcare.
Service
Diederich Healthcare currently has offices in 13 states across the country and is constantly expanding in order to bring the very best service to it’s medical malpractice insurance clients. Rest assured that when Diederich Healthcare is your broker, you are consistently receiving outstanding and timely service. You will have someone that you know to call with questions and concerns.
Savings
Diederich Healthcare knows that medical malpractice insurance is one of the most costly expenses of any physician’s medical practice, and that is why we work tirelessly to get you the best rates possible. Know that when you place coverage with Diederich Healthcare, our experienced staff of med-mal agents will stay on top of the latest news in the industry so that when rates go down, you are not left behind.
New York Medical Malpractice Insurance Carriers
Medical malpractice insurance for physicians and small groups in New York is available from admitted insurers and risk retention groups. The number of companies offering medical malpractice insurance in New York has remained relatively stable for the last three years. With this said, the market is highly concentrated with two admitted companies providing approximately 73% of all medical malpractice insurance premiums. Therefore, it is beneficial for all practitioners to explore the alternative Risk Retention Groups which are offered through Diederich Healthcare.
Comparative Negligence
New York law states that damages are awarded based on the percentage of liability each Defendant is judged to have for the injury. In other words, each physician named in a lawsuit is liable for his/her proportion of fault in the injury as found by a judge or jury.
New York 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.
All Specialties save on Medical Malpractice Insurance with Diederich Healthcare
- On average, Physician clients that switch to Diederich Healthcare save 46% on their Med-Mal 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 Coverage also available for:
- Medical Groups
- Clinics
- Medi-Spa Facilities and Procedures
- Weight Loss Procedures
- Ancillary Healthcare Professionals
- Physician Assistant
- Nurse Practitioner
- Surgical Assistant
- Nurse Midwife
- CRNA
- Optometrist
Diederich Healthcare is able to offer medical malpractice insurance to the following counties in New York:
Albany, Allegany, Bronx, Broome, Cattaraugus, Cayuga, Chautauqua, Chemung, Chenango, Clinton, Columbia, Cortland, Delaware, Dutchess, Erie, Essex, Franklin, Fulton, Genesee, Greene, Hamilton, Herkimer, Jefferson, Kings, Lewis, Livingston, Madison, Monroe, Montgomery, Nassau, New York, Niagara, Oneida, Onondaga, Ontario, Orange, Orleans, Oswego, Otsego, Putnam, Queens, Rensselaer, Richmond, Rockland, Saint Lawrence, Saratoga, Schenectady, Schoharie, Schuyler, Seneca, Steuben, Suffolk, Sullivan, Tioga, Tompkins, Ulster, Ulster, Warren, Washington, Wayne, Westchester, Wyoming, Yates
For information specific to your specialty, please follow one of the links below:
Anesthesiology, Family Practice, Obstetrics & Gynecology (Ob/Gyn), Plastic Surgery, Pediatrics, General Surgery, Psychiatry, Stand-Alone Tail
Most recent articles about Medical Malpractice Insurance in New York:
Risk Retention Groups and their impact in New York
The State with the largest demand for medical malpractice insurance alternatives has been New York. The New York medical malpractice insurance market has long been considered overburdened with high claims severity and overregulated by a Department of Insurance that has virtually taken control over the pricing of policies for traditional carriers. New York implemented a series of significant rate increases from 2003-2007 to correct artificially low rates and dwindling reserves from existing carriers. However, in the absence of significant reform, New York physicians are faced with the choice to pay higher premiums with traditional carriers or seek more competitive rates with alternatives such as Risk Retention Groups. In 1986, Congress passed the Federal Risk Retention Act which provides a mechanism, for a Risk Retention Group (RRG) to operate in multiple states under one license. The Act states that an RRG must form as a liability insurance company under the laws of at least one state which is considered its state of domicile. Once domiciled in one state the RRG must be accepted by all other states, but the RRG must register in each state it wishes to write business. This RRG structure has become widely used as an alternative insurance option for healthcare providers that have difficulty affording or even finding coverage in traditional markets, such as New York. Risk Retention Groups have several distinct advantages over a traditional insurance carrier including reduced licensing requirements, ability to market and operate nation-wide, and increased control. All these factors typically result in
Med Mal Insurance Coverage in New York
- 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 New York
- 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 New York…
Get your FREE QUOTES now…compare multiple companies providing Malpractice Insurance to physicians in New York. (including AM Best A-Rated carriers)
Covering all Physician Specialties, including Groups and Facilities in New York, 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 New York.
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
