Why do Indiana Physicians choose My Medical Malpractice Insurance?
Because we:
- Get you several Medical Malpractice Insurance quotes from the leading Medical Malpractice Insurers in Indiana.
- Make certain that all physician discounts, such as Risk Management, Claims-free and New to Practice are made available to you.
- Ensure that Prior Acts Coverage is included in all your quotations, so that it’s not necessary for you to purchase separate tail coverage.
- Have our veteran liability specialists tailor your policy to fit your specific needs.
- Give you access to our free Practice Tools: Online Patient Satisfaction Survey System, on-staff Certified Professional Healthcare Risk Manager (CPHRM), plus many other tools to help your practice succeed and thrive.
- Have joined forces with the Medical Liability Monitor (the nation's leading independent source of Medical Liability Insurance news as well as the political, legal and risk management issues that affect the healthcare industry), we’ve published historic rate data for every city in Indiana. This information offers insight into the Hoosier State’s data trends when you’re making informed decisions regarding your medical malpractice insurance carrier and coverage. That’s just one of the reasons why we’re the preferred online site for physicians and other healthcare professionals looking to lower their medical malpractice insurance costs and find the best coverage in Indiana.
- Save time and money on your Indiana Medical Malpractice Insurance, by requesting your free quote today.
Medical Malpractice Insurance in Indiana
The cost of medical professional liability insurance in Indiana is moderate -- very moderate when compared to neighboring states like Illinois, Michigan and Ohio. The state’s enviable malpractice insurance rates can be attributed to the Indiana Compensation Act for Patients (INCAP) of 1975.
The year 1975 is widely recognized as the most tumultuous year in the history of the medical liability industry. At the time, medical malpractice insurance rates were skyrocketing, claims frequency was escalating and a number of insurance companies announced they intended to terminate malpractice liability coverage in a number of states. The ever-increasing likelihood of litigation was threatening access to healthcare, and there was becoming a shortage of physicians practicing high-risk specialties. Doctors began striking in order to draw attention to the problem, curtailing and even closing their practices.
Indiana was the first state to legislate tort reforms with the intent of reducing the financial burden of medical malpractice coverage on its physician workforce. According to those that wrote the legislation, the overriding goal was to create a system where injured patients are fairly compensated while medical malpractice insurance rates are kept at a cost that does not overburden the state’s healthcare workforce. At the heart of INCAP’s success has been its cap on non-economic damages and its patient compensation fund.
Non-economic damage caps are effective by increasing the actuarial predictability of future medical malpractice awards and settlements, decreasing the cost of medical malpractice insurance because there is no need to keep reserves necessary in the case of a “jackpot” jury verdict. The Indiana non-economic damage cap has been adjusted twice in the last 35 years, currently standing at $1.25 million. In Indiana, a healthcare worker is only liable for the first $250,000 of an award; the next $1 million is paid from the state’s patient compensation fund.
A patient compensation funds is a state-established liability funding mechanism, providing medical malpractice coverage in excess of the primary insurance requirements of the state’s healthcare workers. In the case of Indiana, that primary requirement is $250,000 worth of malpractice insurance. Nearby states like Illinois, Michigan and Ohio have no patient compensation fund and require their healthcare workers to carry at least $1 million in malpractice insurance. The patient compensation fund arrangement protects Indiana doctors from paying the exorbitant insurance rates found in neighboring states.
In addition to setting a non-economic damage cap and establishing the state’s patient compensation fund, INCAP set a two-year statute of limitations from the date of the alleged medical malpractice. Children age six and under have until their eighth birthday to file a medical malpractice lawsuit. It also mandates that a plaintiff’s attorney may receive any reasonable amount from the first $250,000 of any verdict or settlement, but no more than 15 percent of the amount obtained by the patient compensation fund.
In order to initiate a medical malpractice action, INCAP requires that patients must first file a complaint to the Indiana Department of Insurance and have their case approved by a panel of three medical experts unfamiliar and unaffiliated with the case. Two out of three of the medical experts must share the specialty of the physician who is being sued. The panel’s report is admissible in court if the lawsuit moves forward. This INCAP stipulation is intended to weed out any frivolous lawsuits before they make it to trial.
Indiana has an enviable medical liability climate with medical malpractice premiums that are considered inexpensive when compared to neighboring states. For this reason, it is important to a physician’s business success to work with an experienced medical malpractice insurance broker. An experienced broker will be able to shop your coverage amongst all the major insurers writing policies in Indiana for the best terms at the best rate. When an experienced broker shops your coverage, the insurance companies compete for your business.
All Medical Liability Monitor rate data is protected under United States Copyright Law. The rate data may not be reproduced in whole or part without permission. Contact the editor at Medical Liability Monitor for more information.
INDIANA
Physician Medical Malpractice Insurance Rates
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
| 2000 |
Request a Free Medical Malpractice Insurance Quote in Indiana
In July, 1999, the recoverable limits of the State Patient Compensation
Fund rose to $750,000/$1.25 million and individual physicians must now
carry limits of $250,000/$750,000. Present PCF surcharge, usually
150% of a physician's premium, is now calculated by averaged the rates
of three Indiana malpractice insurers in the state for each medical
specialty and establishing a uniform surcharge for each one.
Indiana carriers have increased current rates to reflect the
higher coverage limits required.
| AREA | INTERNAL MEDICINE (% change since last survey) |
GENERAL SURGERY (% change since last survey) |
OB/GYN (% change since last survey) |
|---|---|---|---|
| Lake County | $3,127 0% |
$10,944 0% |
$15,634 0% |
| Rest of State | $2,462 0% |
$8,619 0% |
$12,311 0% |
| AREA | INTERNAL MEDICINE (% change since last survey) |
GENERAL SURGERY (% change since last survey) |
OB/GYN (% change since last survey) |
|---|---|---|---|
| Entire State | $2,513 0% |
$13,710 0% |
$18,276 0% |
| AREA | INTERNAL MEDICINE (% change since last survey) |
GENERAL SURGERY (% change since last survey) |
OB/GYN (% change since last survey) |
|---|---|---|---|
| Lake County | $2,025 + 42.0% |
$10,477 + 42.0% |
$17,014 + 42.0% |
| Rest of State | $1,542 + 42.0% |
$8,247 + 42.0% |
$13,337 + 42.0% |
| 2001 |  |
Request a Free Medical Malpractice Insurance Quote in Indiana
The state has a Patient Compensation Fund. In July, 1999, the
recoverable limits of the State Patient Compensation
Fund rose to $750,000/$1.25 million and individual physicians must now
carry limits of $250,000/$750,000. The state sets a surcharge for
PFC coverage for each specialty.
| AREA | INTERNAL MEDICINE (% change since last survey) |
GENERAL SURGERY (% change since last survey) |
OB/GYN (% change since last survey) |
|---|---|---|---|
| Lake County | $3,696 + 18.2% |
$12,359 + 12.9% |
$17,557 + 12.3% |
| Rest of State | $2,959 + 20.2% |
$9,781 + 13.5% |
$13,874 + 12.7% |
| AREA | INTERNAL MEDICINE (% change since last survey) |
GENERAL SURGERY (% change since last survey) |
OB/GYN (% change since last survey) |
|---|---|---|---|
| Entire State | $2,513 0% |
$13,710 0% |
$18,276 0% |
| 2002 | |
Request a Free Medical Malpractice Insurance Quote in Indiana
The state has a Patient Compensation Fund. In July, 1999, the recoverable limits of the State Patient Compensation Fund rose to $750,000/$1.25 million and individual physicians must now carry limits of $250,000/$750,000. The state sets a surcharge for PFC coverage for each specialty.
| AREA | INTERNAL MEDICINE (% change since last survey) |
GENERAL SURGERY (% change since last survey) |
OB/GYN (% change since last survey) |
|---|---|---|---|
| Lake and Porter Counties | $5,598 + 51.0% |
$18,842 + 52.0% |
$26,788 + 53.0% |
| Rest of State | $4,084 + 38.0% |
$13,544 + 38.0% |
$19,220 + 39.0% |
| AREA | INTERNAL MEDICINE (% change since last survey) |
GENERAL SURGERY (% change since last survey) |
OB/GYN (% change since last survey) |
|---|---|---|---|
| Lake County | $4,033 + 60.5% |
$16,000 + 16.7% |
$19,995 + 9.4% |
| Rest of State | $3,151 + 25.4% |
$12,500 - 8.8% |
$15,621 - 14.5% |
| 2003 | |
Request a Free Medical Malpractice Insurance Quote in Indiana
Individual physicians must carry $250,000/$750,000. The compensation fund provides $1 million each claim, no aggregate, over the physician's underlying.
| AREA | INTERNAL MEDICINE (% change since last survey) |
GENERAL SURGERY (% change since last survey) |
OB/GYN (% change since last survey) |
|---|---|---|---|
| Lake and Porter Counties | $6,664 + $1,803 for PCF =
$8,467 + 21.8% |
$22,229 + $8,114 for PCF
= $30,343 + 19.2% |
$31,568 + $15,326 for PCF
= $46,894 + 17.3% |
| Rest of State | $4,884 + $1,803 for PCF =
$6,687 + 20.3% |
$16,002 + $8,114 for PCF
= $24,116 + 17.2% |
$22,673 + $15,326 for PCF
= $37,999 + 15.1% |
| AREA | INTERNAL MEDICINE (% change since last survey) |
GENERAL SURGERY (% change since last survey) |
OB/GYN (% change since last survey) |
|---|---|---|---|
| Lake County | $4,638 + $1,803 for
PCF = $6,441 + 10.4% |
$17,040 + $8,114 for PCF
= $25,154 + 4.3% |
$21,995+ $15,326 for PCF
= $37,321 + 5.7% |
| Rest of State | $3,623 + $1,803 for PCF =
$5,426 + 9.5% |
$13,312 + $8,114 for PCF
= $21,426 + 3.9% |
$17,184 + $15,326 for PCF
= $32,510 + 5.1% |
| 2004 | |
Request a Free Medical Malpractice Insurance Quote in Indiana
Individual physicians must carry $250,000/$750,000. The compensation fund provides $1 million each claim, no aggregate, over the physician's underlying.
| AREA | INTERNAL MEDICINE (% change since last survey) |
GENERAL SURGERY (% change since last survey) |
OB/GYN (% change since last survey) |
|---|---|---|---|
| Lake and Porter Counties | $6,664 + $3,112 for PCF =
$9,776 + 15.5% |
$22,229 + $14,004 for PCF
= $36,233 + 19.4% |
$31,568 + $26,452 for PCF
= $58,020 + 23.7% |
| Rest of State | $4,884 + $3,112 for
PCF = $7,996 + 19.6% |
$16,002 + $14,004 for PCF
= $30,006 + 24.4% |
$22,673 + $26,452 for PCF
= $49,125 + 29.3% |
| AREA | INTERNAL MEDICINE (% change since last survey) |
GENERAL SURGERY (% change since last survey) |
OB/GYN (% change since last survey) |
|---|---|---|---|
| Lake and Porter Counties | $6,300 + $3,112 for PCF =
$9,412 + 46.1% |
$23,148 + $14,004 for PCF
= $37,152 + 47.7% |
$29,880 + $26,452 for PCF
= $56,332 + 50.9% |
| Rest of State | $4,565 + $3,112 for
PCF = $7,677 + 41.5% |
$16,774 + $14,004 for PCF
= $30,778 + 43.6% |
$21,652 + $26,452 for PCF
= $48,104 + 48.0% |
| 2005 | |
Request a Free Medical Malpractice Insurance Quote in Indiana
Individual physicians must carry $250,000/$750,000. The compensation fund provides $1 million each claim, no aggregate, over the physician's underlying.
| COUNTY | INTERNAL MEDICINE (% change since last survey) |
GENERAL SURGERY (% change since last survey) |
OB/GYN (% change since last survey) |
|---|---|---|---|
| Southern California | $11,810 7.4% |
$29,830 7.4% |
$51,090 7.4% |
| San Diego | $9,498 -4.3% |
$28,351 7.4% |
$40,922 -4.5% |
| AREA | INTERNAL MEDICINE (% change since last survey) |
GENERAL SURGERY (% change since last survey) |
OB/GYN (% change since last survey) |
|---|---|---|---|
| Lake and Porter Counties | $7,151 + $3,527 for PCF =
$10,678 + 13.5% |
$25,026 + $15,870 for PCF
= $40,896 + 10.1% |
$32,303 + $29,976 for PCF
= $62,279 + 10.6% |
| Rest of State | $5,182 + $3,527 for
PCF = $8,709 + 13.4% |
$18,135 + $15,870 for PCF
= $34,005 + 10.5% |
$23,408 + $29,976 for PCF
= $53,384 + 11.0% |
| AREA | INTERNAL MEDICINE (% change since last survey) |
GENERAL SURGERY (% change since last survey) |
OB/GYN (% change since last survey) |
|---|---|---|---|
| Lake and Porter Counties | $8,801 + $3,527 for PCF =
$12,328 |
$25,773 + $15,870 for PCF
= $41,643 |
$31,804 + $29,976 for PCF
= $61,780 |
| Rest of State | $6,400 + $3,527 for
PCF = $9,927 |
$18,741 + $15,870 for PCF
= $34,611 |
$23,128 + $29,976 for PCF
= $53,104 |
| 2006 | |
Request a Free Medical Malpractice Insurance Quote in Indiana
Individual physicians must carry $250,000/$750,000. The compensation fund provides $1 million each claim, no aggregate, over the physician's underlying.
| AREA | INTERNAL MEDICINE (% change since last survey) |
GENERAL SURGERY (% change since last survey) |
OB/GYN (% change since last survey) |
|---|---|---|---|
| Lake and Porter Counties | $8,049 + $3,880 for PCF =
$11,929 + 6.1% |
$30,769 + $17,457 for PCF
= $48,226 + 6.5% |
$45,916 + $32,974 for PCF
= $78,890 + 6.8% |
| Rest of State | $5,524 + $3,880 for
PCF = $9,404 + 6.5% |
$20,671 + $17,457 for PCF
= $38,128 + 7.0% |
$30,769 + $32.974 for PCF
= $63,743 + 7.3% |
| AREA | INTERNAL MEDICINE (% change since last survey) |
GENERAL SURGERY (% change since last survey) |
OB/GYN (% change since last survey) |
|---|---|---|---|
| Lake and Porter Counties | $7,687 + $3,880 for PCF =
$11,567 + 8.3% |
$26,902 + $17,457 for PCF
= $44,359 + 8.5% |
$34,724 + $32,974 for PCF
= $67,698 + 8.7% |
| Rest of State | $5,570 + $3,880 for
PCF = $9,450 + 8.5% |
$19,495 + $17,457 for PCF
= $36,952 + 8.7% |
$25,162 + $32.974 for PCF
= $58,136 + 8.9% |
| 2007 | |
Request a Free Medical Malpractice Insurance Quote in Indiana
Individual physicians must carry $250,000/$750,000. The
compensation
fund provides $1 million each claim, no aggregate, over the physician's
underlying.
| AREA | INTERNAL MEDICINE (% change since last survey) |
GENERAL SURGERY (% change since last survey) |
OB/GYN (% change since last survey) |
|---|---|---|---|
| Lake and Porter Counties | $8,049 + $3,996 for PCF =
$11,929 0% |
$30,769 + $17,984 for PCF
= $48,226 0% |
$45,916 + $33,969 for PCF
= $78,890 0% |
| Rest of State | $5,524 + $3,996 for
PCF = $9,404 0% |
$20,671 + $17,984 for PCF
= $38,128 0% |
$30,769 + $33.969 for PCF
= $63,743 0% |
| AREA | INTERNAL MEDICINE (% change since last survey) |
GENERAL SURGERY (% change since last survey) |
OB/GYN (% change since last survey) |
|---|---|---|---|
| Lake and Porter Counties | $8,333 + $3,996 for PCF =
$12,329 + 6.6% |
$29,163 + $17,984 for PCF
= $47,147 + 6.3% |
$37,643 + $33,969 for PCF
= $71,162 + 5.1% |
| Rest of State | $6,038 + $3,996 for
PCF = $10,756 + 13.8% |
$21,133 + $17,984 for PCF
= $44,813 + 21.3% |
$27,277 + $33,969 for PCF
= $61,246 + 5.3% |
| AREA | INTERNAL MEDICINE (% change since last survey) |
GENERAL SURGERY (% change since last survey) |
OB/GYN (% change since last survey) |
|---|---|---|---|
| Lake and Porter Counties | $7,797 + $3,996 for PCF =
$11,793 - 24.2% |
$30,148 + $17,984 for PCF
= $48,132 - 19.6% |
$49,455 + $33,969 for PCF
= $83,424 - 14.7% |
| Rest of State | $6,760 + $3,996 for
PCF = $10,756 - 19.9% |
$26,829 + $17,984 for PCF
= $44,813 - 15.6% |
$45,229 + $33,969 for PCF
= $79,198 - 11.1% |
| COUNTY | INTERNAL MEDICINE (% change since last survey) |
GENERAL SURGERY (% change since last survey) |
OB/GYN (% change since last survey) |
|---|---|---|---|
| Entire state | $10,213 6.7% |
$35,359 6.7% |
$39,210 6.7% |
| COUNTY | INTERNAL MEDICINE (% change since last survey) |
GENERAL SURGERY (% change since last survey) |
OB/GYN (% change since last survey) |
|---|---|---|---|
| Entire state | $7,675 18.0% |
$24,985 21.8% |
$35,371 22.3% |
| 2008 | |
Request a Free Medical Malpractice Insurance Quote in Indiana
Individual physicians must carry $250,000/$750,000. The compensation fund provides $1 million each claim, no aggregate, over the physician's underlying.
| AREA | INTERNAL MEDICINE (% change since last survey) |
GENERAL SURGERY (% change since last survey) |
OB/GYN (% change since last survey) |
|---|---|---|---|
| Lake and Porter Counties | $8,040 + $3,234 for PCF =
$11,274 - 6.0% |
$30,733 + $14,553 for PCF
= $45,286 - 6.0% |
$45,862 + $27,489 for PCF
= $73,351 - 7.0% |
| Rest of State | $5,518 + $3,234 for
PCF = $8,752 - 7.0% |
$20,647 + $14,553 for PCF
= $35,200 - 8.0% |
$30,733 + $27,489 for PCF
= $58,222 - 9.0% |
| AREA | INTERNAL MEDICINE (% change since last survey) |
GENERAL SURGERY (% change since last survey) |
OB/GYN (% change since last survey) |
|---|---|---|---|
| Lake and Porter Counties | $8,333 + $3,234 for PCF =
$11,576 - 6.0% |
$29,163 + $14,553 for PCF
= $43,716 - 7.0% |
$37,643 + $27,489 for PCF
= $65,132 - 8.0% |
| Rest of State | $6,038 + $3,234 for
PCF = $9,272 - 14.0% |
$21,133 + $14,553 for PCF
= $35,686 - 20.0% |
$27,277 + $27,489 for PCF
= $54,766 - 11.0% |
| 2009 | |
Request a Free Medical Malpractice Insurance Quote in Indiana
Individual physicians must carry $250,000/$750,000. The compensation fund provides $1 million each claim, no aggregate, over the physician's underlying.
| AREA | INTERNAL MEDICINE (% change since last survey) |
GENERAL SURGERY (% change since last survey) |
OB/GYN (% change since last survey) |
|---|---|---|---|
| Lake and Porter Counties | $8,040 + $3,218 for PCF =
$11,258 0% |
$30,733 + $14,480 for PCF
= $45,213 0% |
$45,862 + $27,352 for PCF
= $73,214 0% |
| Rest of State | $5,518 + $3,218 for
PCF = $8,736 0% |
$20,647 + $14,480 for PCF
= $35,127 0% |
$30,733 + $27,352 for PCF
= $58,085 0% |
| AREA | INTERNAL MEDICINE (% change since last survey) |
GENERAL SURGERY (% change since last survey) |
OB/GYN (% change since last survey) |
|---|---|---|---|
| Lake and Porter Counties | $8,333 + $3,218 for PCF =
$11,551 0% |
$29,163 + $14,480 for PCF
= $43,643 0% |
$37,643 + $27,352 for PCF
= $64,995 0% |
| Rest of State | $6,038 + $3,218 for
PCF = $9,256 0% |
$21,133 + $14,480 for PCF
= $35,613 - 0% |
$27,277 + $27,352 for PCF
= $54,629 0% |
To find the most current medical malpractice insurance rates in Indiana, contact Mike Matray at the Medical Liability Monitor. MyMedicalMalpracticeInsurance.com has negotiated an excellent rate for all of our users, mention our site, and you can receive the Medical Liability Monitor at a low promotional price.
Medical Liability and Adverse Medical Events