As a medical professional in Texas, you know that malpractice insurance is essential to protect your practice. Unfortunately, many medical professionals in the Lone Star State don’t realize the importance of having malpractice insurance until it’s too late.
Malpractice insurance is designed to protect you and your practice from financial losses due to medical negligence. It covers the costs of defending yourself in court, as well as any damages that may be awarded to the plaintiff. Without malpractice insurance, you could be held personally liable for any damages awarded in a malpractice lawsuit.
In Texas, medical malpractice insurance is required for all medical professionals. This includes doctors, nurses, dentists, and other medical professionals. The Texas Medical Board requires that all medical professionals carry malpractice insurance with a minimum coverage of $100,000 per claim and $300,000 in aggregate coverage.
It’s important to note that malpractice insurance is not the same as health insurance. Health insurance covers the costs of medical care for patients, while malpractice insurance covers the costs of defending yourself in court if you are sued for medical negligence.
When shopping for malpractice insurance, it’s important to compare policies from different providers. Different policies may have different coverage limits, deductibles, and other features. It’s also important to make sure that the policy you choose meets the minimum requirements set by the Texas Medical Board.
It’s also important to understand the different types of malpractice insurance available. Professional liability insurance covers medical negligence, while general liability insurance covers other types of claims, such as property damage or personal injury.
Don’t risk your practice by not having the right malpractice insurance. Make sure you have the coverage you need to protect yourself and your practice. Get the right malpractice insurance in Texas today.