What is Malpractice Insurance?
Malpractice insurance helps shield professionals who offer expert services involving direct care or consultation with clients and patients. It provides coverage for various expenses such as defense costs, settlements, and judgments that may arise from allegations of professional negligence, mistakes, or omissions in the performance of duties.
Two main categories of malpractice insurance exist. Claims-made policies apply when both the event and the claim occur during the active policy period. Occurrence policies, however, continue to protect against claims filed after the policy ends, as long as the incident happened while it was active. The most fitting choice depends on the type of work you do, your exposure to potential claims, and your long-term coverage requirements.
Even in instances where no wrongdoing is found, malpractice insurance remains essential in protecting your reputation and ensuring financial resilience.
Get help from Performance Insurance in choosing your coverage.
Who Needs Malpractice Insurance in Austin?
Malpractice insurance isn’t reserved solely for doctors in Austin. It covers a broad range of professionals who provide specialized services that may directly affect a person’s health, finances, or overall well-being. This category can include:
- Physicians
- Nurses
- Mental Health Providers
- Physical Therapists
- Med Spas
- Hospital Groups
- Healthcare Clinics
- Medical Organizations
- Healthcare Business Groups
Professionals who advise, treat, or perform specialized work can be exposed to unexpected accusations of negligence. Having malpractice insurance means you’ll have strong support behind you, helping you respond effectively if a claim ever arises.
Benefits of Having Malpractice Insurance
Every professional, no matter how meticulous, can face an unexpected allegation. Having malpractice insurance helps you stay confident in your work by reducing the worry that one incident could disrupt your career. The potential benefits of this type of protection include:
- Legal defense coverage for lawsuits and claims
- Payment for settlements or court judgments
- Potential protection from claims of negligence, error, or omission
- Coverage for both current and past professional services (depending on your policy type)
- Support for reputation management after a claim
- Confidence knowing your assets and license are likely protected
Speak with an expert at Performance Insurance.
What Does Malpractice Insurance Cover?
Malpractice insurance in Austin protects against the expenses that arise from professional negligence claims. Standard coverage can include:
Legal fees and court costs
Settlements or damages awarded to the claimant
Claims related to professional errors or omissions
Misdiagnosis or improper treatment (for healthcare providers)
Breach of confidentiality or privacy violations
Coverage for administrative hearings or investigations
How To Get Covered
Finding malpractice coverage doesn’t need to be confusing or time-consuming. The Performance Insurance team ensures every step is handled with professionalism and clarity. We explain your options, manage the paperwork, and streamline the process so that you can devote your attention to your clients and your practice.
Here’s How It Works
Request a Quote
Fill out a brief form describing your profession, area of specialty, and coverage preferences.
Review Your Options
We research and compare multiple insurance carriers to present you with reliable policy options.
Customize Your Coverage
Fine-tune your plan by selecting your preferred limits, features, and any extended protection you might need.
Get Approved and Protected
After reviewing the details, we’ll issue your finalized policy and provide immediate proof of coverage.
Ongoing Support
Our dedicated agents continue to support you with policy updates, renewals, and claim-related assistance.
Malpractice Insurance with Performance Insurance
We work closely with business owners to offer sound insurance advice and proven risk management strategies rooted in decades of experience and a reputation for integrity. Our agency focuses on providing quality service, tailored coverage, and ongoing support that evolves with your company. By combining personalized attention with cost-conscious solutions, we bring lasting peace of mind and a deep commitment to excellence in every interaction.
Frequently Asked Questions
Who needs malpractice insurance in Austin?
Healthcare providers in Austin, from doctors to therapists, need malpractice insurance as a safeguard against potential lawsuits related to treatment outcomes. Many other professionals across the city also benefit from this type of protection, including physical therapists, lawyers, and real estate experts. It remains equally important for medical offices, hospital systems, healthcare clinics, and business groups that handle patient information or deliver specialized services in Austin.
How is malpractice insurance different from general liability insurance?
General liability insurance handles physical risks such as injuries or property damage caused during normal operations. Malpractice insurance, also called professional liability coverage, deals with non-physical risks that result from professional judgments, service errors, or omissions made during work.
Are disability benefits or death benefits included?
No. These benefits are outside the scope of malpractice insurance. Those who want income replacement or family protection in the event of disability or death must secure separate disability or life insurance plans that specifically provide those benefits.
Does malpractice insurance/professional liability insurance include workers' comp coverage?
No. They protect against different exposures. Workers’ compensation covers workplace injuries and related wage losses, while malpractice insurance deals with professional negligence or service errors that lead to lawsuits from clients or patients.
If I already have workers' comp insurance coverage, do I still need malpractice coverage?
Having both malpractice insurance and workers’ compensation is a practical decision for most professionals. Workers’ compensation, which is governed by state-specific rules, assists employees with medical expenses and wage recovery following work-related injuries. Malpractice coverage is designed to handle claims that involve alleged professional mistakes, omissions, or negligence from patients or clients. Maintaining both types of insurance provides a more complete safety net, protecting your practice from potential legal costs while ensuring your team receives proper support after workplace incidents.
Do malpractice insurance policies pay for medical bills after a mistake?
Only when those bills form part of a claim’s settlement or court judgment. Routine medical expenses or staff healthcare costs are excluded. Malpractice coverage is intended solely for financial losses connected to legal liability for professional errors.
Complete the details below to get your free franchisor vicarious errors and omissions liability quote
Provide the required information to give us a feedback
Contact Us Today
“We’d love to hear from you! Reach out with any questions or feedback, and our team will get back to you shortly.”
Agency hours
‾‾‾‾‾‾‾‾‾
Monday – Friday
9 am to 6 pm EST
Mailing Address:
‾‾‾‾‾‾‾‾‾
5956 Sherry Ln 20th
Floor, Dallas, TX 75225
‾‾‾‾‾‾‾‾‾
5956 Sherry Ln 20th
Floor, Dallas, TX 75225
We'd Love to Hear From You
