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Nevada Medical Malpractice Insurance
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Nevada Medical Malpractice Insurance

A number of new malpractice carriers have entered the Nevada liability market in recent years. Increased competition benefits physicians often in the form of lower rates.

Submit your free medical malpractice insurance quote today and make sure you are not overpaying for your professional liability insurance.

New Medical Malpractice Insurance company in AZ Major Carrier in Nevada Reduces Rates by almost 10%

In June 2011 a leading medical liability insurance carrier doing business in Nevada announced an average decrease of 9.9% in their rates for Nevada physicians. Don't delay! See if you can save money on your liability insurance today.

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Highlights for Nevada Doctors

  • "A" Rated Malpractice Companies.
  • Prior Acts Coverage is included. No need to purchase separate tail coverage.
  • New to Practice Discounts. Claim Free Discounts. Years in Practice Discounts.
  • Switch Anytime - you do not need to wait until your renewal date.
  • Top-Rated Advice and assistance for doctors with claims or those who need access to non-standard markets. In today's litigious environment do not let prior claims or frivolous lawsuits prevent you from practicing medicine in Nevada.
  • Many doctors now have unique or very specific malpractice insurance coverage requirements. Let a licensed, experienced insurance professional experienced in working with Nevada doctors work with you to tailor a policy to your individual liability needs.
  • A free quote could save you money today.

Nevada Malpractice Insurance - Background

In Nevada, the medical malpractice issue reached a crisis stage in December 2001, when St. Paul Insurance Co., the state’s largest medical malpractice insurer, announced that it was pulling out of the state. Other insurance companies either followed suit or dramatically raised their rates.

Nevada physicians had already been weathering medical liability difficulties. Malpractice premiums—especially in Clark County—were skyrocketing upward as much as 30- to 50-percent annually.

Nevada physicians, particularly specialists such as surgeons and obstetricians, were paying as much as $200,000 in annual premiums, and the state was one of only eight in the nation whose physicians saw increases of more than 30 percent by at least two carriers. At stake was the state's ability to recruit young, qualified physicians and, subsequently, provide stable, quality, affordable healthcare for its residents.

In response, physicians formed the Nevada Medical Liability Physicians Task Force and hired a public relations firm to bring the crisis to the public’s attention. They specifically pointed to outrageous jury verdicts—which had escalated from an average claim of $34,719 in 1986 to $193,000 in 2001—as the prime culprit behind soaring malpractice premiums. The Task Force pointed to the success of California's 1975 Medical Injury Compensation Reform Act (MICRA) and its $250,000 cap on neneconomic damages as the solution to Nevada’s medical liability crisis.

Nevada legislators ultimately did pass medical liability tort reform in 2002, which featured a $350,000 cap on noneconomic damages, with exceptions for gross negligence and exceptional circumstances where juries could issue victim plaintiffs a pain-and-suffering award that exceeded the cap. Physicians said that the legislation was not enough, concluding the legislation was missing key reforms, again pointing to the California MICRA law as the example to be emulated.

Legislators refused to discuss new legislation; the issue was ultimately placed on the November 2004 election ballot for voters to decide. Fearing the physician exodus that the Task Force's $10 million public relations campaign warned of, Nevada citizens overwhelmingly approved the "Keep Our Doctors in Nevada" ballot initiative, which effectively rescinded any exceptions to the noneconomic damage cap and added additional plaintiff burdens of proof intended to reduce frivolous lawsuits.

The 2004 ballot initiative did reduce the number of malpractice claims filed in Nevada. Prior to the reforms, Clark County courts heard an average of 330 malpractice cases annually; the year after the reforms passed, the number of cases filed dropped to 160. Nevada also gained a record number of 263 physicians in the year following the ballot initiative, its largest number of new, licensed physicians since the state began keeping records in 1987.

Whether the ballot initiative has achieved its intended effect of lowering medical liability insurance premiums remains the topic of argument. The predicted rate reductions have not materialized. Although premiums have stabilized—with no rate change in either direction between 2007 and 2008 - insurers say they are waiting to see whether the new law withstands possible legal challenges before lowering rates.

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