* Primary care physicians: $20,000-$40,000 per year
* Specialists: $40,000-$100,000 per year
* Surgeons: $100,000-$250,000 per year
These are just rough estimates, and the actual cost of malpractice insurance can vary significantly from doctor to doctor.
In addition to the cost of malpractice insurance, doctors in New York City must also pay a licensing fee and a registration fee. The licensing fee is $220 per year, and the registration fee is $135 per year.
Doctors who are employed by hospitals or other medical organizations may have their malpractice insurance premiums paid for by their employer. However, doctors who are in private practice must purchase their own malpractice insurance.
Malpractice insurance is an important expense for doctors, but it is essential for protecting their financial security. In the event of a medical malpractice lawsuit, malpractice insurance can help to cover the cost of legal fees and damages.
