How Much Does Malpractice Insurance Cost for Anesthesiology Practices?
- Nate Jones, CPCU, ARM, CLCS, AU
- Jan 20
- 2 min read
Understanding the malpractice insurance cost for anaesthesiology practices is essential for budgeting, risk management, and long‑term financial planning. Because anaesthesiology is considered a high‑risk speciality, premiums are typically higher than many other medical fields. Below is an overview of current pricing trends, industry averages, and what drives costs for different anaesthesia sub-specialities.
1. Current Malpractice Insurance Cost Ranges for Anaesthesiologists
Malpractice insurance rates vary significantly based on location, sub-speciality, and claims history. Industry data shows:
Many anaesthesiologists pay $10,000–$25,000 per year on average
Some markets see even wider ranges, roughly $14,000–$55,000 annually, depending on risk level and state litigation trends
A broader national range may fall between $5,000 and $50,000+ per year when factoring in practice type, policy type, and procedures performed
Urban areas, high‑litigation states, and high‑risk sub-specialities typically experience the highest premiums.
2. What Determines Your Premium?
Several major factors influence the cost of anaesthesiology malpractice insurance:
Practice Location
States with high verdicts (e.g., NY, FL, PA) carry higher premiums due to more frequent or costly malpractice claims.
Coverage Type & Limits
Occurrence policies generally cost more upfront than claims‑made policies, while higher limits increase premium costs.
Sub-Speciality Risk
Cardiac, obstetric, paediatric, and neuro‑anaesthesiology often carry increased risks, resulting in higher premiums.
Claims History
An anaesthesiologist with past claims may pay significantly more, or face limited carrier options.
3. How to Get an Accurate Quote
Because malpractice pricing varies so widely, the best way to understand your exact cost is to compare quotes from carriers that specialise in anaesthesiology.
That’s where Wexford Insurance helps. We work with insurance companies that focus on anaesthesiology nationwide, giving practices access to competitive rates and tailored coverage designed for high‑risk medical specialities.
