The cost of medical malpractice insurance will vary depending on your specialty and where you live. The cost has stabilized over the years, but most physicians still agree that malpractice insurance is one of their biggest yearly costs.
The following specialties are considered to be higher risk, and will likely result in higher premiums:
Obstetricians
Neurosurgeons
Emergency room doctors
Cardiovascular surgeons
General surgeons
Orthopedic surgeons
Plastic surgeons
According to the AMA, physicians in high-risk specialties can expect to pay roughly $150,000 in medical malpractice insurance costs. Also, if you live in a state that puts caps on damages or has a high incidence of malpractice suits, this will influence how much you pay for premiums as well.