South Carolina Medmal Insurance Facts

South Carolina Medical Professional Liability Insurance Market Summary

If you're a physician in South Carolina seeking medical liability insurance, SelectFirstInsurance can guide you to numerous reputable insurers.
Leading companies in the region include:

• ProAssurance

• Medical Protective

• The Doctors Company

• Mag Mutual

• State Volunteer Mutual Insurance Co.

South Carolina's medical professional liability insurance market is relatively stable, with various insurance carriers offering coverage options to healthcare providers. The state does not have a government-sponsored medical malpractice insurance program, and physicians, hospitals, and other healthcare entities typically obtain coverage from private insurers. Premium rates can vary based on factors such as specialty, claims history, and geographic location within South Carolina.

Medmal Insurance Requirements for South Carolina in 2023

South Carolina law mandates that healthcare providers, including physicians, maintain medical professional liability insurance coverage or demonstrate financial responsibility as a condition of their medical licensure. The South Carolina Board of Medical Examiners sets minimum coverage requirements, and providers must meet these requirements to practice medicine in the state. Ensuring insurance coverage is essential to protect patients and ensure access to compensation in case of malpractice.

Tort Reform in South Carolina

South Carolina has implemented some tort reform measures related to medical malpractice. Notable among these is the state's cap on non-economic damages in medical malpractice cases, which limits the amount of compensation that can be awarded for pain and suffering. Additionally, South Carolina has a requirement for pre-litigation review panels to assess the merits of medical malpractice claims before they proceed to court, helping to identify valid cases.

Statute of Limitations for Medmal Claims

In South Carolina, the statute of limitations for filing a medical malpractice lawsuit is generally three years from the date when the alleged malpractice occurred or from the date when the injury was, or should have been, reasonably discovered. There is also a maximum statute of repose of six years from the date of the alleged malpractice, regardless of when the injury was discovered. Exceptions may apply in cases involving minors or instances of fraudulent concealment.
*statute of limitations may vary depending on specialization. For additional information, please visit www.statutes-of-limitations.com*

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