What Is Malpractice Insurance?

What Is Malpractice Insurance?

Malpractice insurance in Austin and elsewhere is a specific type of professional liability insurance. Many professional liability policies can be customized to offer protection for your specific business. In order to understand what malpractice insurance is you first have to understand what professional liability insurance is.

Professional Liability

Professional liability insurance, also known as errors and omissions, provides protection to businesses and professionals that have to give expert advice to clients. If these professionals are ever accused of negligence or malpractice, their defense and damages may be at least partially covered by the insurance policy.

Malpractice Insurance

Malpractice insurance is specifically designed to cover healthcare providers such as doctors, surgeons, dentists and the like. Sometimes malpractice insurance is also purchased by lawyers. The only real difference between professional liability insurance and malpractice insurance is that malpractice has policies and coverage in place to protect doctors specifically, whereas professional liability is a bit more universal in its coverage.

Get the Coverage You Need

Whether you need professional liability for your medical practice or your accounting firm, you should talk with an insurance agent to make sure that you get the coverage you need. Getting malpractice insurance in Austin does not have to be difficult. Make sure that your practice is protected from claims of negligence by getting the right kind of insurance today.