What limits of liability should I choose?

This is an important decision to protect your patients, practice and assets. NCMIC offers a variety of policy limit options. Before you decide, consider the following:

  • How much money may be needed by a patient who was inadvertently injured as a result of treatment, as well as enough coverage to protect your other patients, your practice and your financial future.
  • Lower policy limits can affect the outcome of a case. Lawsuits are often a process of negotiation and compromise, and if your policy limits are inadequate to negotiate a settlement, it can become a barrier to reaching a successful outcome. Low policy limits can also expose your personal assets during a malpractice suit.
  • The requirements of any network in which you participate, state statutes and your employer.
  • Talk with your accountant, lawyer or other business advisor to help you determine how much coverage you need. Then, review your coverage each year to make sure your protection is still adequate as your practice changes and to keep up with inflation.

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The NCMIC Malpractice Insurance Plan is underwritten by NCMIC Insurance Company. In the state of Florida, the NCMIC Malpractice Insurance Plan is issued by NCMIC Risk Retention Group, Inc.

The terms and conditions of NCMIC's Malpractice Insurance Plan are fully explained in the policy. Policy features vary by state and may be subject to underwriting approval. For details, view this pdf.