Surgeon Professional Liability Insurance – Quotes, Coverages, & Cost

Surgeon professional liability insurance also known as errors and omissions insurance for surgeons is an insurance coverage that provides financial protection to professionals in the event they cause damages, losses, or bodily injury to clients or third parties as a result of their negligenceerrors, or mistakes.

This insurance kicks in to pay for damages only if the cause of damages are covered by the policy.

Surgeon Professional Liability Insurance

Surgeons Professional Liability Insurance Cannot Be Ignored

Surgeons will always be in high demand across the country of Canada. This is especially true in Ontario. As a surgeon, you’re working diligently each and every single day to help your clients. Nevertheless, you always need to be realistic. There are plenty of things that can go wrong.

Even if you do your best, there is still a chance that your mistake is going to cost your patient a lot of money and or suffering. And of course, it might lead to a huge lawsuit.

This is why you can not ignore professional liability insurance for surgeons as this policy may offer coverage in the event a situation, like the one mentioned above, occurs.

What Does Surgeons Insurance Do?

First and foremost, you should learn about the basics of surgeons professional liability insurance. What is the point? How can it help? This type of insurance is vital for pretty much every single Ontario surgeon out there. As a surgeon, you’re going to be providing your clients with advice.

If you’re not careful, your advice could result in your client suffering pain and potentially facing expenses (damages) because of it. That is risky for you and them. There is always a chance that your client is going to get angry and sue you. They want their money back or want to get paid for their fate and they’re coming after you.

This is when surgeons insurance can be helpful. The insurance will protect you in the courtroom and pay for the settlement.

Commercial General Liability Insurance For Surgeons Is Also Key

Professional liability insurance is good, but it is not going to protect you from everything. You’ll also need to acquire commercial general liability insurance.

With CGL, you’re going to be protected in the event that you cause the client bodily harm. After all, there is always a chance that the client is going to get hurt in your office. If that happens, CGL insurance will enter the picture and cover the costs for you.

Keep in mind, the coverages mentioned above must exist on your policy for you to be protected. Make sure to ask your broker about policy wordings!

patient undergoing back surgery

How Much Surgeons Insurance Is Needed?

At the end of the day, it is entirely up to the surgeon to determine how much insurance they need. They could easily skimp on their coverage and spend less. This might seem like a good idea, but it could backfire in the long run.

Usually, it is best to obtain at least $1 million in coverage. This is the best way to ensure that you’re covered adequately.

How Much To Pay For Surgeons Professional Liability Insurance?

Professional liability insurance isn’t as expensive as you might believe. Just remember that the price is never set in stone. There are numerous factors that can cause the price to swing lower or higher.

Speaking with a professional insurance broker is the best way to find out how much you’re going to be required to spend!

We Offer Coverage

We want you to know that we offer the coverage that you need when you need it. We strive to provide Ontario surgeons with the most affordable professional liability insurance. We also offer free quotes to all potential clients.

To get started, you should contact our local office and tell us more about your business. We’ll make sure that you’re able to get the insurance that you need as quickly as possible.

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