Podiatry malpractice insurance coverage is available on an individual basis as well as for professional corporations, partnerships, or other group entities.
Most podiatry malpractice insurance companies require a majority of the podiatrist shareholders, partners, or employed practitioners to insure with the carrier to provide entity coverage.
Podiatry malpractice insurance premiums are based on policy limits, “surgical” and “ non-surgical” practices, practice territory, and practice hours.
Various podiatry malpractice insurance policy limits are available in most states. However, Pennsylvania coverage requirements include policy limits of $500,000 for each incident/$1,500,000 annual aggregate. Mcare fund coverage with limits of $500,000/$1,500,000 is also required.
Podiatry malpractice insurance policy discounts may apply based on date of completion of residency and/or preceptorship and prior claims history. Depending on the company, coverage may be provided on an “Occurrence, “Claims-made” or “Convertible Claims-made” policy form.
For podiatry malpractice insurance “policy form” details, please click the Frequently Asked Questions link below: