Business Insurance for Doctors and Physicians
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How much does insurance cost for doctors and physicians?

The cost of doctors’ insurance depends on the policies you choose, the size of your practice, its unique risks, and other factors. Cost estimates are sourced from policies purchased by Insureon customers.

Business owner’s policy icon

Business owner’s policy costs for doctors

Doctors pay a median premium of about $65 per month, or $795 annually, for a business owner’s policy. This policy bundles general liability insurance and property insurance, often at a discounted rate.

A BOP protects physicians against patient injuries and property damage, along with damage to your own business property. Because of its increased coverage and affordability, it’s the policy most often recommended by Insureon’s licensed agents.

Median cost per year: $795
Policy limit: $1 million per occurrence
Policy deductible: $500

Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's business owner's policy cost analysis page.

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Professional liability insurance costs for doctors

Professional liability insurance, also called medical malpractice insurance, provides protection against patient lawsuits accusing a physician of negligence or errors, including misdiagnosis. The cost varies tremendously depending on your practice’s level of risk.

Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's professional liability insurance cost analysis page.

Workers’ compensation insurance icon

Workers’ compensation costs for doctors

Private medical practices pay a median premium of less than $85 per month, or $985 annually, for workers’ compensation insurance. This policy is required in almost every state for clinics that have employees. It can cover medical expenses and lost wages for work-related injuries and illnesses.

Learn how workers' comp premiums are calculated and more on Insureon's workers' compensation insurance cost analysis page.

Get free quotes and compare policies with Insureon

Insureon’s licensed agents work with leading U.S. carriers to find the right coverage for your clinic, whether you’re a solo practitioner or run a small medical practice. Apply today to compare multiple quotes with one free online application. If you decide to purchase a policy, you’ll work with an account manager who specializes in business risks for doctors.

Updated: July 20, 2022
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