In 2019, Mississippi had $3,120,632,000 in commercial insurance claims paid. If you're a physician or work in the health industry, there are numerous policy options you'll have. Mississippi business insurance can help with medical malpractice coverage.

Fortunately, a Mississippi independent insurance agent will have access to multiple carriers so that you have policy and premium options. They'll do the shopping for you at no additional cost as well. Connect with a local expert for tailored coverage today.

What Is Medical Malpractice Insurance?

In Mississippi, your practice will need a variety of insurance policies for proper protection. Medical malpractice insurance is one that you won't want to go without, and it's usually required. Check out what medical malpractice insurance covers:

• Medical malpractice insurance: This is a specific type of professional liability coverage for a physician. It provides liability coverage for claims arising from services rendered that result in injury or death to a patient.

Total number of doctors of medicine in the US from 1949 to 2015

If you're a physician, you're in a growing field. The number of doctors has only increased from year to year, and it's essential to know how to protect all your hard work.

What Does Medical Malpractice Cover in Mississippi?

There are 257,404 small businesses in Mississippi and counting. All industries will need coverage to have protection against their exposures. If you're a medical professional, a patient could sustain an injury, illness, or death under your care. Take a look at what medical malpractice insurance will cover:

• Bodily injury
• Property damage
• Lawyer fees
• Court costs
• Punitive and compensatory damages

What Doesn't Medical Malpractice Cover in Mississippi?

Mississippi medical malpractice insurance will come with exclusions, just like any other commercial policy. Every coverage protects against specific perils, and anything outside of that is not covered. Your medical malpractice insurance will not cover the following losses:

• Sexual misconduct
• Criminal acts
• Alteration of medical records

How Much Does Medical Malpractice Insurance Cost in Mississippi?

Mississippi commercial insurance pricing will depend on your individual risk. Your medical malpractice costs will usually be the most expensive policy you own. The following items are what carriers use to determine your premiums:

• Prior claims
• Safety practices
• Sanitary practices
• Medical practices
• Years of experience 
• Staff procedures and care

Mean physician compensation by US region as of 2018 (in thousand US dollars)

Part of having proper coverage means protecting your livelihood as a physician. Your income is higher than most and should have policies that will be the first line of defense, so you don't have to pay for a loss out of pocket.

Is Medical Malpractice Insurance Required in Mississippi?

Typically, all states require you to carry medical malpractice insurance in order to maintain your medical license. The Mississippi hospitals, clinics, or practices you work for will usually ask you to have coverage as well. Medical malpractice is necessary for the following healthcare professionals:

Does Umbrella Insurance Cover Medical Malpractice in Mississippi?

Unfortunately, your Mississippi medical malpractice coverage is not included under your commercial umbrella policy. This means you'll want to have adequate limits on your medical malpractice policy from the start. Take a look at what business umbrella insurance does cover:

• Business umbrella insurance: This is additional liability insurance for a substantial loss when your underlying commercial policy limits have been exhausted. Bodily injury, property damage, and slander claims are covered.

How to Choose Medical Malpractice Insurance in Mississippi

If you're a physician in Mississippi, there is a lot that you will be responsible for to keep your license current. Your commercial insurance policies will provide a layer of protection and help your practice stay protected. Medical malpractice insurance is one policy you won't want to miss obtaining.

Fortunately, a Mississippi independent insurance agent can help you find affordable coverage. They'll review your policies for free so that you know you're getting the best protection. Connect with a local expert on TrustedChoice.com to get started today.