Business Solutions for the Real World
Give us a call to get started! 304.935.2002
Business Solutions for the Real World
Give us a call to get started! 304.935.2002
Medical Malpractice Insurance for Physicians
Energy and
Manufacturing
Industry Expertise
Your career, your reputation, and your financial security depend on having the right medical malpractice coverage. One lawsuit — even one you ultimately win — can consume years of your professional life and hundreds of thousands of dollars in defense costs without adequate protection. Centurion Insurance Services helps physicians across the country navigate the medical malpractice insurance market. As an independent agency, we represent multiple carriers and work exclusively in your interest — not the carrier’s.
Conditions change daily in the energy and manufacturing industries. Factors including economic demand, global trading markets, government regulations and political climates create volatility. Although we cannot control the possibilities afforded by these changes, we can control how we respond to them. Centurion understands the realities of these fluctuating conditions and how to help your business respond.
One of the best responses to volatility is advocacy – having an insurance team who will help you navigate an ever-changing landscape. Our team members dig deep to understand our client partners and their business needs. We pair our expertise with knowledge of your business to create innovative insurance solutions for each client. Most importantly, Centurion will be there to support your company when you need us.
The Centurion Advantage
OUR EXPERIENCED TEAM of energy and manufacturing industry professionals provides best-in-class claim handling, including executives who have managed eight-figure casualty and property losses.
OUR TEAM OF INDUSTRY VETERANS will market your insurance program using their knowledge of key insurance carriers, both domestic and international, and create a customized plan for your company.
WE LEARN YOUR ORGANIZATION’S culture and operations to understand your unique exposures and appetite for risk. We become an extension of your in-house risk management department.
WE REVIEW ALL MSA and contracts to verify insurance program programs support indemnification as agreed. We also handle all ISNetworld insurance issues, including uploading Certificates of Insurance.
OUR IN-HOUSE LOSS CONTROL SPECIALIST will help you implement an effective day to day loss prevention program, and customize a risk management program to help achieve your objectives.
What Medical Malpractice Insurance Covers
Medical malpractice insurance (also called physician professional liability insurance) protects you against claims that your medical care caused a patient harm. A standard policy covers:
Defense costs — attorney fees, expert witness fees, court costs, and related expenses, often regardless of outcome
Settlements — negotiated resolutions to patient claims
Judgments — court-ordered damages up to your policy limits
Licensing board defense — some policies include coverage for state medical board complaints
Claims-Made vs. Occurrence Policies
This is the most important coverage decision physicians face, and it has long-term financial implications.
Claims-Made Policy
Covers claims filed while the policy is active, for incidents that occurred after your retroactive date. Lower initial premiums, but you need tail coverage if you ever change carriers, leave a practice, or retire.
Occurrence Policy
Covers any incident that occurred during the policy period, regardless of when the claim is filed. No tail coverage needed. Typically higher premiums but simpler long-term management. We walk every physician client through this decision in plain language — no jargon, no pressure.
What Is Tail Coverage — and When Do You Need It?
If you carry a claims-made policy and change jobs, retire, or switch carriers, you need an extended reporting period endorsement (tail coverage) to protect against future claims for past incidents. Tail coverage typically costs 150–200% of your final annual premium. Some carriers offer free tail coverage at retirement — a benefit worth substantial money over a career. We evaluate this as part of every program recommendation.
Specialty-Specific Considerations
Malpractice premiums and coverage terms vary significantly by specialty. High-risk specialties such as obstetrics, surgery, emergency medicine, and neurosurgery command higher premiums and require more careful policy review. Lower-risk specialties have more carrier options and more pricing leverage. We work with physicians across the full spectrum of specialties and understand what the market looks like for your specific practice.
Frequently Asked Questions
How much medical malpractice insurance do I need?
Most physicians carry limits of $1 million per occurrence / $3 million aggregate, though some specialties, hospital credentialing requirements, or practice settings require higher limits. We help you determine the right amount for your situation.
Does my employer’s malpractice policy cover me?
It depends on your employment agreement and the policy terms. Employer-provided coverage may not follow you if you leave, may not cover work outside your primary employment, and may not include personal tail coverage at termination. Many physicians carry their own policy in addition to employer coverage.
What is a consent-to-settle clause?
Some policies give the insurer the right to settle claims without your consent. Others require your consent before any settlement. This is an important policy distinction — especially for physicians who value protecting their reputation above a quick financial resolution.
What states do you write in?
We work with businesses nationwide and can write coverage across the country.
How do I start the process?
Call 304.993.8393 or contact us online. We’ll review your current policy, specialty, and practice situation and present options from multiple carriers within a few business days.
Your patients trust you. Trust us to protect you. Get your malpractice quote today.
Call us at 304.993.8393 or contact us to schedule a consultation.
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© Copyright 2019 - 2025 | Centurion Insurance
Energy and Manufacturing Specialized Services
Our custom services include:
● Primary General Liability, Commercial Auto and Workers’ Compensation
●Excess Workers’ Compensation
●Construction liability
●Public and products liability, and onshore and offshore liability
●Customized general liability including time element pollution extension, contractor’s pollution liability, owned and non-owned watercraft
●Full umbrella coverage and extensions
●Global Programs
●Claims
●Dedicated Loss Control
Energy and Manufacturing Expertise
Our team of industry veterans has experience in:
●Binding Authorities
●Heavy Industry
●Locally Admitted Policies
●Manufacturing
●Mining
●Oil and Gas
●Product Supply
