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Diederich Healthcare is here for Maryland Physicians
We specialize in providing physicians with cost-effective medical malpractice insurance coverage that they need. We can offer more carriers, top of the line service and the most cost-effective rates, no matter what your specialty is.
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Maryland 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
Maryland Medical Malpractice Insurance Market Summary
For the first time since 2005, the largest writer of medical malpractice insurance has proposed a rate increase for 2012. Medical malpractice insurance premiums increased the most between 2002 and 2005 and then decreased slightly or remained the same through 2011. Malpractice insurance premiums vary by specialty, policy limits, and practice location. Typical policy limits Maryland physicians carry are $1 million per incident and $3 million annual aggregate.
Maryland Medical Malpractice Insurance Carriers
Medical malpractice insurance in Maryland is available from admitted insurers, surplus lines insurers, and risk retention groups. The number of companies offering medical malpractice insurance in Maryland has remained relatively stable over time. However, the market is highly concentrated with two companies providing about 62% of all medical malpractice insurance premiums in 2010.
Statute of Limitations
Any medical malpractice action must be filed either within five years from the date when the injury was committed or three years from the date when the injury was discovered, whichever is earlier. Md. Code Ann., Cts. & Jud. Proc. § 5-109 (1995).
Maryland is one of the few remaining states that recognizes the traditional common law doctrine of contributory negligence. Thus, any negligence by a claimant will bar his recovery completely.
Maryland imposes a limit on recoverable non-economic damages for any personal injury cause of action for medical malpractice accruing after July 1, 1986. The limit was originally $350,000, but for causes of actions arising on or after October 1, 1994, the limit has been increased to $500,000. Beginning October 1, 1995, and every October 1 thereafter, the limit on non-economic damages is increased by $15,000. Md. Code Ann., Cts. & Jud. Proc. § 11-108 (Supp. 1997).
Diederich Healthcare is able to offer medical malpractice insurance to the following counties in Maryland:
Saint Marys, Harford, Garrett, Prince Georges, Frederick, Wicomico, Anne Arundel, Howard, Baltimore, Baltimore City, Montgomery, Saint Marys, Cecil, Queen Annes, Calvert, Allegany, Charles, Worcester, Caroline, Kent, Washington, Talbot, Dorchester, Carroll, Somerset
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 Maryland
- 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 Maryland
- 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 Maryland…
Get your FREE QUOTES now…compare multiple companies providing Malpractice Insurance to physicians in Maryland. (including AM Best A-Rated carriers)
Covering all Physician Specialties, including Groups and Facilities in Maryland, 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 Maryland.
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