How Much Umbrella Insurance Do Doctors REALLY Need? YQA 233-2

In this video we're answering the question "How Much Umbrella Insurance Do Doctors REALLY Need?" The White Coat Investor wants to help you stop doing dumb things with your money, so in this video series we answer questions you have submitted.

The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you!

00:00 Umbrella Insurance
01:18 How Much Do I Need?
02:36 Things To Consider
03:51 Umbrella Insurance Limits

[jamesandrewh]

As a 1099 locum, where my main and only liability is Malpractice is it better to buy a higher per incident malpractice insurance to be over my net worth or to supplement malpractice insurance with umbrella? Especially since an LLC would not protect me from malpractice