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How do I choose a Medical Malpractice Insurance Company?


With many different medical malpractice insurance companies vying for your business, how does a healthcare professional choose the best company for his or her particular needs?

We suggest that a physician or surgeon use an independent agent with experience in this specialized type of insurance. Through the years, companies have come in and out of the Florida market. Rates have risen and fallen. It is important to choose a strong malpractice carrier who can carry you through the ups and downs of the marketplace.

The financial strength of your insurance carrier is an extremely important consideration. A.M. Best, Inc. is the most widely respected rating agency for the insurance industry. It basically issues financial strength ratings measuring an insurance company’s ability to pay claims. An A.M. Best rating of “A-“ or better is preferable when choosing a medical malpractice insurance company.

Obviously, the premium charged by the medical malpractice insurance company is a very important component of the decision. It is important to delve a little deeper if a premium is too much lower than the competition. We have seen carriers charge too little to gain the business and then either raise the premium later or leave the marketplace altogether.
Medical malpractice insurance carriers offer varying degrees of premium discounts for the following:

  • New practitioners
  • Part-time practice
  • Completion of a risk management course
  • Claims-free practice

Be sure to take advantage of these discounts.

A medical malpractice insurance agent who specializes in this complicated form of insurance and who represents a wide range of carriers can help you find the best company for your particular needs.

If you are interested in learning more about medical malpractice insurance, or to receive a no obligation quote, please contact us at 1-800-272-6055.

David C. Backer


David C. Backer, of Gracey-Backer, Inc., an Insurance Agency in Delray Beach, Florida specializing in All Lines of Malpractice, Professional and Personal Insurance. He can be contacted at 800-272-6055 ext 114, or at david@gbifl.com.

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