You should purchase the higher amount (if not more) based on your income potential as well as assets that you are going to accumulate over time. This coverage is very inexpensive and the cost for $2,000,000 won't be much more than the cost for $1,000,000 as the cost per $1,000,000 is not proportionate.

If you are interested, and send me an email, I will send you a detailed outline from a talk that I did with Jay Adkisson, Esq , a well-known asset protection attorney, for the American Society of Plastic Surgeons at their annual meeting called "Asset Protection: Avoiding the Landmines" along with an article by Daniel Rubin, Esq on the "The Ten Biggest Mistakes Physicians Make In Asset Protection". I think you will find them very informative.

Finally, you might want to read this article to better help you understand the significance of umbrella coverage http://www.forbes.com/forbes/2005/0606/146.html

You have heard correctly that an umbrella policy will not protect you against your own malpractice (BTW, the same is true for corporations).

Hope this helps.

Larry

Zip Code: 11797