Tennessee Medical Malpractice Insurance

Physicians train for several years, learning how to make sound decisions for their patients. Perhaps the selection of your Medical Malpractice Insurance in Tennessee should have been included in that training. Don’t worry, though… MyMedicalMalpracticeInsurance.com has specialists in Tennessee ready to help you find the medical malpractice insurance coverage you need to protect you and your practice. We have access to the leading medical malpractice insurance companies in Tennessee, and we’ll set them to bidding competitively for your business. We’ve advised thousands of physicians and medical groups in the selection process and we can do the same for you Let our highly trained liability experts help you save time and money and acquire the peace of mind you deserve.

Why do so Many Tennessee Physicians choose My Medical Malpractice Insurance?

• We’ll deliver multiple Medical Malpractice Insurance quotes from the leading Medical Malpractice Insurers in Tennessee.
  
  
• We’ll ensure that you receive all the physician discounts you’re eligible for, including Risk Management, Claims-free and New to Practice.
  
  
• We’ll include Prior Acts Coverage in all your quotations, so it’s not necessary to purchase separate tail coverage.
  
  
• Our experienced liability specialists will customize your policy to fit your particular needs.
  
  
• We’ll share our free Practice Tools with you: Online Patient Satisfaction Survey System, on-staff Certified Professional Healthcare Risk Manager (CPHRM) and many other tools to help you grow your practice.
  
  
• Together 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 historical rate data for every city in the Volunteer State. This information will provide you with invaluable insights into Tennessee's data trends when making your decisions on your medical malpractice insurance carrier and coverage. That’s only one of the reasons that MyMedicalMalpracticeInsurance.com has become the preferred online source for Tennessee physicians and medical groups trying to lower their medical malpractice insurance rates and find the best coverage to protect themselves and their practices.
  
  
• The cost of Tennessee Medical Malpractice Insurance can be lower then what you pay now. Click to request your free quote.

Medical Malpractice Insurance in Tennessee

Medical professional liability insurance rates are moderate in Tennessee, and they look to become even more affordable in the future. State Volunteer Mutual Insurance Co. (SVMIC)—the state’s largest medical liability insurer with more than 60-percent market share—reduced its premiums by more than 23 percent in 2010. And newly elected Gov. Bill Haslam, who made limiting lawsuit damages a major initiative in his election campaign, ushered in new medical liability tort reforms during the 2011 legislative session.

Prior to Haslam’s election, Tennessee had already reformed joint-and-several liability, provided for economic damages to be offset in medical liability cases by collateral sources, narrowed contingency fees in medical liability cases to a maximum 33.3 percent of award and required plaintiffs to prove punitive damages by “clear and convincing” evidence. Tennessee already boasted an enviable pro-business, pro-healthcare environment. What Tennessee was missing was a cap on non-economic damages, and Haslam promised the state’s business and healthcare communities he would achieve this crown jewel of tort reforms. At the heart of the Tennessee Civil Justice Act of 2011—which Haslam just signed into law—is its $750,000 cap on non-economic damages.

The non-economic damages cap did not come without a fight. The Tennessee Association for Justice (TAJ), a trial lawyer lobby, argued that non-economic damages compensate for real injuries and losses that are not easily measured by a dollar amount, such as pain and suffering, blindness, physical disfigurement, emotional distress, loss of a limb, loss of mobility, loss of the ability to have children and loss of the enjoyment of life. They also argued that caps violate the right of a jury to compensate victims in the court system. TAJ also had a high-profile supporter in former Tennessee Senator, former Republican presidential candidate and Law & Order actor, Fred Thompson, who made the case that Tennessee’s “doctors, their insurance premiums, are not as high as states that are contiguous to Tennessee, so you don’t have a runaway bunch of frivolous lawsuits, you don’t have a bunch of malpractice lawsuits; comparatively they are going down instead of going down.”

Ultimately, the anti-tort-reform argument was drowned out. The Tennessee Civil Justice Act of 2011 was approved by the Republican-controlled State House and Senate, making the case that the legislation is necessary to attract new businesses and jobs, as well as provide further malpractice premium relief to the state’s healthcare community. Pro-reform politicians argued that the bill’s $750,000 cap on non-economic damages would provide medical professional liability insurers with a predictable worst-case-scenario of what non-economic damages they could be assesses in a court case. This predictability would equate to further premium discounts in coming years, they argued.

Predictability in the insurance industry does equate to more stable insurance rates. For this reason, Tennessee’s medical professional liability insurance premiums look to continue their downward trend. This is why it is more important than ever to have an experienced medical malpractice insurance broker on your side. Only an experienced broker with access to all of Tennessee’s malpractice insurers can shop your policy in order to guarantee the best coverage at the best price.

TENNESSEE
Physician Medical Malpractice Insurance Rates

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

2000

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MAG MUTUAL (1999 DATA SHOWN: 2000 DATA NOT SUPPLIED)

COUNTY	INTERNAL MEDICINE (% change since last survey)	GENERAL SURGERY (% change since last survey)	OB/GYN (% change since last survey)
Entire state	$4,956 0%	$15,342 0%	$23,000 0%

MEDICAL ASSURANCE

COUNTY	INTERNAL MEDICINE (% change since last survey)	GENERAL SURGERY (% change since last survey)	OB/GYN (% change since last survey)
Entire state	$3,344 0%	$12,850 0%	$19,076 0%

KENTUCKY MEDICAL INSURANCE CO. (MICOA)

COUNTY	INTERNAL MEDICINE (% change since last survey)	GENERAL SURGERY (% change since last survey)	OB/GYN (% change since last survey)
Entire state	$4,197 0%	$22,897 0%	$30,523 .0%

STATE VOLUNTEER MUT. INSURANCE CO.

COUNTY	INTERNAL MEDICINE (% change since last survey)	GENERAL SURGERY (% change since last survey)	OB/GYN (% change since last survey)
Entire state	$5,093 +9.2%	$22,845 +9.6%	$34,301 +9.7%

2001

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MEDICAL  ASSURANCE (PROASSURANCE)

COUNTY	INTERNAL MEDICINE (% change since last survey)	GENERAL SURGERY (% change since last survey)	OB/GYN (% change since last survey)
Entire state	$3,344 0%	$12,850 0%	$19,076 0%

APCAPITAL

COUNTY	INTERNAL MEDICINE (% change since last survey)	GENERAL SURGERY (% change since last survey)	OB/GYN (% change since last survey)
Entire state	$4,197 0%	$22,897 0%	$30,523 0%

STATE VOLUNTEER MUT. INSURANCE CO.

COUNTY	INTERNAL MEDICINE (% change since last survey)	GENERAL SURGERY (% change since last survey)	OB/GYN (% change since last survey)
Entire state	$5,939 +16.6%	$26,863 +17.6%	$40,696 +17.8%

2002

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DOCTORS' COMPANY

COUNTY	INTERNAL MEDICINE (% change since last survey)	GENERAL SURGERY (% change since last survey)	OB/GYN (% change since last survey)
Entire state	$8,802 +36.1%	$33,377 +36.1%	$40,584 +36.1%

MEDICAL ASSURANCE CO. (PROASSURANCE)

COUNTY	INTERNAL MEDICINE (% change since last survey)	GENERAL SURGERY (% change since last survey)	OB/GYN (% change since last survey)
Entire state	$5,517 +65%	$17,822 +38.7%	$25,505 +32.1%

AMERIAN PHYSICIANS ASSURANCE CORP. (APCAPITAL)

COUNTY	INTERNAL MEDICINE (% change since last survey)	GENERAL SURGERY (% change since last survey)	OB/GYN (% change since last survey)
Entire state	$5,041 +20.1%	$29,061 +26.9%	$43,908 +43.9%

STATE VOLUNTEER MUTUAL INSURANCE CO.

COUNTY	INTERNAL MEDICINE (% change since last survey)	GENERAL SURGERY (% change since last survey)	OB/GYN (% change since last survey)
Entire state	$6,809 +14.6%	$30,975 15.3%	$46,644 +14.6%

2003

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 AMERICAN PHYSICIANS ASSURANCE CORP. (APCAPITAL)

COUNTY	INTERNAL MEDICINE (% change since last survey)	GENERAL SURGERY (% change since last survey)	OB/GYN (% change since last survey)
Entire state	$6,301 25.0%	$30,514 5.0%	$46,982 7.0%

MEDICAL ASSURANCE CO. (PROASSURANCE)

COUNTY	INTERNAL MEDICINE (% change since last survey)	GENERAL SURGERY (% change since last survey)	OB/GYN (% change since last survey)
Entire state	$8,421 52.6%	$26,977 51.4%	$38,110 51.2%

STATE VOLUNTEER MUTUAL INSURANCE CO.

COUNTY	INTERNAL MEDICINE (% change since last survey)	GENERAL SURGERY (% change since last survey)	OB/GYN (% change since last survey)
Entire state	$8,014 17.7%	$36,456 17.7%	$54,898 17.7%

2004

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MEDICAL ASSURANCE CO. (PROASSURANCE)

COUNTY	INTERNAL MEDICINE (% change since last survey)	GENERAL SURGERY (% change since last survey)	OB/GYN (% change since last survey)
Entire state	$8,421 0%	$26,977 0%	$38,110 0%

STATE VOLUNTEER MUTUAL INSURANCE CO. (SVMIC)

COUNTY	INTERNAL MEDICINE (% change since last survey)	GENERAL SURGERY (% change since last survey)	OB/GYN (% change since last survey)
Entire state	$8,710 8.7%	$39,570 8.5%	$59,571 8.5%

2005

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MEDICAL ASSURANCE CO. (PROASSURANCE)

COUNTY	INTERNAL MEDICINE (% change since last survey)	GENERAL SURGERY (% change since last survey)	OB/GYN (% change since last survey)
Entire state	$10,995 30.6%	$35,957 33.3%	$50,935 33.7%

STATE VOLUNTEER MUTUAL INSURANCE CO. (SVMIC)

COUNTY	INTERNAL MEDICINE (% change since last survey)	GENERAL SURGERY (% change since last survey)	OB/GYN (% change since last survey)
Entire state	$9,154 5.1%	$43,567 10.1%	$62,609 5.1%

2006

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MEDICAL ASSURANCE CO. (PROASSURANCE)

COUNTY	INTERNAL MEDICINE (% change since last survey)	GENERAL SURGERY (% change since last survey)	OB/GYN (% change since last survey)
Entire state	$10,995 0%	$35,957 0%	$50,935 0%

STATE VOLUNTEER MUTUAL INSURANCE CO. (SVMIC)

COUNTY	INTERNAL MEDICINE (% change since last survey)	GENERAL SURGERY (% change since last survey)	OB/GYN (% change since last survey)
Entire state	$9,154 0.0%	$43,567 0.0%	$62,609 0.0%

2007

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MEDICAL ASSRANCE CO. (PROASSURANCE)

COUNTY	INTERNAL MEDICINE (% change since last survey)	GENERAL SURGERY (% change since last survey)	OB/GYN (% change since last survey)
Entire state	$10,995 0%	$35,957 0%	$50,935 0%

STATE VOLUNTEER MUTUAL INSURANCE CO. (SVMIC)

COUNTY	INTERNAL MEDICINE (% change since last survey)	GENERAL SURGERY (% change since last survey)	OB/GYN (% change since last survey)
Entire state	$8,742 -4.5%	$41,606 -4.5%	$59,792 -4.5%

2008

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MEDICAL ASSURANCE CO. (PROASSURANCE)

COUNTY	INTERNAL MEDICINE (% change since last survey)	GENERAL SURGERY (% change since last survey)	OB/GYN (% change since last survey)
Entire state	$10,995 0%	$35,957 0%	$50,935 0%

STATE VOLUNTEER MUTUAL INSURANCE CO. (SVMIC)

COUNTY	INTERNAL MEDICINE (% change since last survey)	GENERAL SURGERY (% change since last survey)	OB/GYN (% change since last survey)
Entire state	$9,453 8%	$41,606 0.0%	$59,792 0.0%

2009

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MEDICAL ASSURANCE CO. (PROASSURANCE)

COUNTY	INTERNAL MEDICINE (% change since last survey)	GENERAL SURGERY (% change since last survey)	OB/GYN (% change since last survey)
Entire state	$10,995 0%	$35,957 0%	$50,935 0%

STATE VOLUNTEER MUTUAL INSURANCE CO. (SVMIC)

COUNTY	INTERNAL MEDICINE (% change since last survey)	GENERAL SURGERY (% change since last survey)	OB/GYN (% change since last survey)
Entire state	$9,203 - 3%	$40,504 - 3%	$58,207 - 3%

2010 coming soon.
To find the most current medical malpractice insurance rates in Tennessee, 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.