Do Anesthesiologists or Facilities Pay for Anesthesiologist Coverage?
Whether anesthesiologists or healthcare facilities pay for an anesthesiologist’s professional liability insurance can differ from one situation to the next.
Many healthcare facilities will add anesthesiologists to their group malpractice policy, and some will even cover the cost of premiums as a perk of providing care at the facility. When facilities provide coverage, the coverage they carry is usually sufficient for care that’s given while at the facility.
Any coverage that a facility provides will likely only apply when an anesthesiologist is working at the facility, though. The coverage likely won’t apply to side work that’s done elsewhere or to work that’s done after an anesthesiologist leaves their employment at the facility. Before beginning work elsewhere, anesthesiologists should make sure they have sufficient coverage for that work in place.
An insurance agent who’s familiar with professional liability insurance for anesthesiologists can help anesthesiologists review their situation and make sure enough coverage is in place.
How Much Are Premiums for Anesthesiologist Coverage?
Premiums for anesthesiologist coverage are considerable, although they usually aren’t as much as some other doctors pay for professional liability insurance. Exactly what professional liability insurance for an anesthesiologist costs is dependent upon factors like the anesthesiologist’s experience, loss history and policy limits.
The easiest way to find out how much insurance would cost in a particular situation is to consult an independent insurance agent. An independent agent can request quotes from multiple insurance companies since they act independently, and this makes comparing different policies’ coverages and premiums easy.
How Long Does It Take to Get Anesthesiologist Coverage?
Securing anesthesiologist coverage often doesn’t take too long, especially if there are no work history issues and a knowledgeable agent assists with the process. This isn’t something that should be rushed, however.
As soon as anesthesiologists know they might need new insurance in the future, they should contact an insurance agent. This allows for the maximum amount of time to find a policy, and the start date on a policy can normally be adjusted for when coverage is needed.