Texas has a relatively mild medical malpractice environment when compared to some other states. Nonetheless, medical malpractice insurance is still a vital investment for all physicians. Each time a physician interacts with a patient or makes a decision that impacts care, he or she is at risk of facing a malpractice claim. In fact, Texas has seen more than 55,000 medical malpractice claims over the last decade.
In 2003, Texas passed significant reform that reduced the number of malpractice claims, as well as the rates physicians pay for malpractice insurance. Texas also places a cap on the amount of damages a claimant can receive. However, when medical malpractice claims arise, they can still be expensive, time-consuming and stressful for everyone involved, especially the physician.
The state of Texas does not require physicians to carry medical malpractice insurance at this time. As a result, some doctors have opted to practice without this type of insurance, a strategy that is sometimes referred to as "going bare." However, this is not necessarily the best strategy. Given that a single malpractice claim can cost millions of dollars, going without malpractice insurance is risky. Even if a claim doesn't result in an expensive settlement, physicians will still spend a significant amount of money to retain a medical malpractice lawyer to defend them in court.
If you are a physician in the state of Texas, having an adequate amount of professional liability insurance in Texas is highly recommended. If you are interested in purchasing medical malpractice Texas insurance, it is important to do significant research on the options available before you make your decision.
MedMal Direct offers some of the most extensive medical malpractice coverage available in the market. With MedMal Direct, physicians will also benefit from having a direct relationship with the provider, which means that they will enjoy a better overall experience. If you are interested in learning more about the medical malpractice insurance policies we provide, or if you would like an individualized quote, please contact MedMal Direct's Texas malpractice insurance experts below.