Everything is bigger in Texas -- everything but our medical malpractice insurance rates, of course! Within the state of Texas, we specialize in securing affordable coverage for healthcare professionals in both traditional and non-traditional hard-to-place risks. We work with top 'A' rated carriers to obtain malpractice coverage that meets your individual and group healthcare practice needs. We go the extra mile to find the best fit for your practice. You can even finance your policy! We're affiliated with several finance companies, each offering competitive rates to save you money on your Texas medical malpractice insurance. We'll do everything we can to deserve your business!
Presidio Insurance offers coverage for Texas healthcare professionals practicing in the following medical fields:
General Information
As you may know, a measure changing Texas' malpractice landscape was narrowly approved in a constitutional referendum on Sept. 12, 2003. Proposition 12, now law, keeps the courts from interfering in limits set by the Legislature on medical malpractice recoveries. In short, this is good news for you, and for all Texans. It means that insurance companies no longer need worry about astronomical judgments, which translates to lower premiums for your practice, lower costs to your patients.
For pain and suffering, (non-economic damage,) patients can still sue a doctor and, in unusual cases, up to two health care institutions. Now, though, they can seek no more than $250,000 from each for Pain & Suffering. Under limits adopted by the Legislature, plaintiffs can still recover economic losses, like the cost of continuing medical care or lost income, but the maximum award they can be granted in non-economic loss has been capped at $1.6 million, for a loss of life.
It took a little while for the market to realize the benefits of Proposition 12, but following its implementation in 2006, standard insurance market rates dropped all across the state of Texas. The medical liability reforms enacted in 2003 continues to have a beneficial effect on the marketplace today. We're glad to be able to pass on these savings to our customers. On July 1, 2006, we at Presidio began sharing these rate reductions with our clients, who enjoyed an average rate reduction of 18 percent! Although Proposition 12 was passed, it may now be more critical than ever that your practice, assets and reputation are protected. Depending on your location of practice, area of specialty, and coverage limits, you could join them in receiving a premium reduction that ranges from 10 to as much as 45.8 percent!
Further discounts are also available. One of our top rated carriers offers premium discounts to members of the following groups and organizations: ASPS (American Society of Plastic Surgeons,) AAO-HNS (American Academy of Otorhinolaryngology; Head and Neck Surgury,) AANS (American Association of Neurological Surgery) and the ACP (American College of Physicians).
Give us the opportunity to earn your business and save your practice a lot of money!
Please fill out the quote form or call our office today to get started.
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