What is the purpose of malpractice insurance for Texas physicians?

The purpose of malpractice insurance for Texas physicians is to offer financial protection against claims of negligence and malpractice. Physicians are at risk of being sued for a variety of reasons, including alleged errors in diagnosis, treatment, or surgical procedures. Malpractice insurance helps cover the legal costs associated with defending against these claims and any potential settlements or judgments that may arise.

Having this insurance is crucial for physicians as it ensures they can continue to practice without the crippling financial burden that can result from malpractice lawsuits. Without this coverage, a single claim could potentially jeopardize a physician's financial stability and career. Thus, the primary function of malpractice insurance is to safeguard medical practitioners from the financial repercussions of legal claims, allowing them to focus on patient care and maintain their practice.