Malpractice Insurance
Offering you superior risk management services. With our commitment to excellence, we are a knowledgeable and proven source for trusted insurance advisory guidance
What is Malpractice Insurance?
Malpractice insurance protects professionals whose work involves specialized expertise and direct client or patient care. It can cover things such as legal fees, settlements, and judgments if a client claims negligence, error, or omission in the services provided.
There are two main types of malpractice insurance: Claims-made policies cover incidents that occur and are reported while the policy is active. Occurrence policies cover incidents that happened during the policy period, even if the claim is filed later. The right choice depends on your profession, risk exposure, and long-term coverage needs.
Whether the claim is valid or not, malpractice insurance helps safeguard both your reputation and financial stability.
Get help from Performance Insurance in choosing your coverage.
Who Needs Malpractice Insurance?
Malpractice insurance isn’t only for doctors. It extends to a wide range of professionals whose work can directly impact someone’s health, their finances, or their well-being. This can include (but is not limited to):
- Physicians
- Nurses
- Mental Health Providers
- Physical Therapists
- Med Spas
- Hospital Groups
- Healthcare Clinics
- Medical Organizations
- Healthcare Business Groups
Anyone providing expert advice, treatment, or a specialized service can potentially face claims of negligence, even when they’ve done everything right. Having malpractice insurance means you don’t have to face those claims alone.
Benefits of Having Malpractice Insurance
- 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 covers the costs that come with claims of professional negligence. Typical coverage can potentially 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
Here’s How It Works
Request a Quote
Share a few details about your profession, specialty, and your coverage needs.
Review Your Options
We’ll compare multiple carriers and policy types to find the right match.
Customize Your Coverage
Choose limits, add-ons, and any extended coverage options that best fit your work situation.
Get Approved and Protected
Once you’re ready, we’ll finalize your policy and issue your proof of coverage.
Ongoing Support
Our specialists stay available for policy updates, renewals, or any claims questions that arise.
Malpractice Insurance with Performance Insurance
Frequently Asked Questions
Who needs malpractice insurance?
How is malpractice insurance different from general liability insurance?
Are disability benefits or death benefits included?
Does malpractice insurance/professional liability insurance include workers' comp coverage?
If I already have workers' comp insurance coverage, do I still need malpractice coverage?
Do malpractice insurance policies pay for medical bills after a mistake?
They potentially can, but only when those medical bills relate to a claim settlement. Malpractice coverage does not replace normal patient care costs or your staff’s health benefits. It only applies to legal damages tied to medical malpractice claims.
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5956 Sherry Ln 20th
Floor, Dallas, TX 75225
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