OBGYN Medical Malpractice Insurance

Are you a Florida physician having problems with your OBGYN medical malpractice insurance? Well, as we are sure you are aware by now, you are not alone. OBGYN medical malpractice insurance is a significant problem in states like Florida because there are so many OBGYN medical malpractice insurance lawsuits which happen in the state each year. As a practicing doctor, there are things you can do to protect yourself, whether you can afford to purchase an expensive OBGYN medical malpractice insurance policy or whether you have decided to take advantage of state laws and forego the often prohibitive financial burden of purchasing OBGYN medical malpractice insurance.

There are some physicians who have such a successful practice that they can afford the exorbitant costs of OBGYN medical malpractice insurance. Some of these costs are so high, they might make up more than $250,000 per year in OBGYN medical malpractice insurance premiums alone. And on top of that, there are the OBGYN medical malpractice insurance lawsuits which are common within the state of Florida, and doubly common when it comes to obstetric malpractice. However, the unique nature of Florida lawsuits dramatically alter what OBGYN medical malpractice insurance funds are dedicated to paying out which aspects of OBGYN medical malpractice insurance claims. These OBGYN medical malpractice insurance funds and the OBGYN medical malpractice insurance claims they pay out are divided among lawyer fees, costs for expert witnesses, court reporter costs, costs for depositions, damage awards, and settlement costs.

But these physicians who can afford a full, comprehensive OBGYN medical malpractice insurance policy are the rare and lucky ones. Currently, there are some doctors in the state of Florida which do not currently carry OBGYN medical malpractice insurance. However, in order to continue practicing their specialty without OBGYN medical malpractice insurance, there are certain legal obligations they must meet in order to perform obstetric or gynecological tasks without carrying OBGYN medical malpractice insurance at the same time. It is not surprising to come across a physician who takes this route with regard to their OBGYN medical malpractice insurance, since most doctors who require OBGYN medical malpractice insurance cannot also pay a quarter of a million dollars in OBGYN medical malpractice insurance premiums each year just to keep their OBGYN medical malpractice insurance current.

When you break down what most OBGYN medical malpractice insurance pays for, however, you may find that the majority of said costs are on the legal end: lawyers, expert testimony, court reporters, documentation, mail, and other legal fees. Very little of this money (aside from rare cases of gross negligence) ends up costing an OBGYN in settlement or plaintiff awards. Therefore, doctors who are paying hundreds of thousands in OBGYN medical malpractice insurance premiums could be saving themselves some money (and their practice) by not investing in a full OBGYN medical malpractice insurance policy, but instead foregoing OBGYN medical malpractice insurance for an affordable and comprehensive legal defense insurance policy.

And that is exactly what we offer at Gulf Atlantic. Instead of wasting funds and hurting the bottom line of your practice, we protect you from financial liability in the most expensive aspects of most OBGYN medical malpractice insurance coverage: the litigious expenses. Don't sacrifice years of education and time learning your specialty just to have to move to another state or abandon obstetrics due to excessive OBGYN medical malpractice insurance costs. Let Gulf Atlantic handle your OBGYN medical malpractice insurance claims and help protect you from expensive lawsuits.