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What are Limits of Liability on a Physician and Surgeon Medical Professional Liability Policy?


The limit of liability on a physician and surgeon professional liability policy denotes the amount of money an insurance company will pay on behalf of the insured physician or surgeon in the event of a medical malpractice insurance claim.

A $1,000,000/$3,000,000 limit of medical professional liability insurance means that the most that the medical professional liability insurance company will pay for any one claim against a physician or surgeon in a year is $1,000,000. The most the medical malpractice insurance company will pay for any amount of professional liability claims against the physician or surgeon in one year is $3,000,000.

Many of our physician and surgeon clients ask how much professional liability coverage they need. At the risk of being vague, the answer really depends on a number of factors, including the physician or surgeon’s annual income, his assets, and medical professional liability insurance premium costs. We at Gracey-Backer, Inc. will consult with a physician or surgeon and tailor a policy for his or her particular needs.

Barbara Gracey Backer


Barbara Gracey Backer is the Vice-President of Gracey-Backer, Inc., an Insurance Agency in Delray Beach, Florida specializing in All Lines of Professional and Personal Insurance. She may be contacted at 800-272-6055 X118 or at barbara@gbifl.com.

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