Malpractice insurance

[Attending1985]

I’m planning on leaving my employed position and going to a private practice. They don’t provide malpractice so I need to purchase my own. I feel pretty lost any advice? Ballpark prices I’ll be looking at?

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[comp1]

What's your state? What kind of practice? Planning for pure ketamine all time?

 

[Attending1985]

What's your state? What kind of practice? Planning for pure ketamine all time?

MN plan on mix of meds and psychotherapy 20 hrs per week

 

[Sushirolls]

Just call PRMS.

 

[calvnandhobbs68]

Definitely you can look at PMRS but you can also just talk to a malpractice insurance broker and they’ll give you like 5-6 different quotes with different coverage options.

Nobody can give you ballpark prices, that’s like asking for a ballpark home, auto, life insurance quote, etc. Better to just talk to a broker or a few malpractice carriers and compare quotes.

 

[milesed]

It's really cheap for psychiatry compared to most other specialties. I have the usual 1mil/3mil with tail and think it's only $7k per year with 22 years of practice in Child/Adol. I think it was just $1k my first year out of fellowship.