A medical indemnity insurance policy covers claims in case of misdiagnosis, delays in referrals, error and omission, wrong treatments, or negligence either by doctors or the unqualified staff members of a hospital or clinic. This policy also covers the unqualified staff of a medical establishment. However, it comes at an additional premium. The unqualified staff […]
Five types of organisations which must have Professional Indemnity Insurance
All professionals are susceptible to making mistakes due to negligence at work. However, a doctor, lawyer, or financial advisor committing an error, though seemingly negligible, may lead to losses or land their clients in unfortunate circumstances. In case of a lawsuit, these professionals may have to pay from their pockets or even suffer a loss […]
How professional indemnity insurance protects doctors against legal liabilities?
The Surat District Consumer Disputes Redressal Forum recently held a doctor guilty of medical negligence. The panel asked the doctor to pay Rs 4.8 lakh with a compound interest of 9%, and Rs 1.5 lakh to the patient’s relatives. So, what’s new in this information? It is common to hear about alleged doctors’ negligence causing […]
Importance of Professional Indemnity Insurance for doctors
Doctors used to be revered during earlier times in India. Even today, despite changing times, it is difficult to ignore the importance that society gives to a doctor. However, even doctors are human, and they can commit errors and mistakes. With the evolution of laws, such negligence and error in judgments can be costly. In […]
Frivolous litigations & Charges: A Scary Reality of the Medical Profession
In the field of health professionals, medical negligence is an often-used term that demonstrates a deficit in doctors’ duties towards patient care. When a patient visits a doctor to consult him or her for treatment, the former trusts the latter completely. Respecting that trust as well as adhering to the ethics of the Medical profession, […]
Is Professional Indemnity Insurance Worth It?
Professional Indemnity Insurance According to news reports dating back to November 2017, a police case was filed against a doctor at Gorakhpur’s BRD Medical College on the charges of an attempt to murder. This was regarding the death of over 20 children at the health facility. This shows that while it’s human to make mistakes, […]
Doctor’s Indemnity Insurance – A Critical insurance Policy That’s Essential For Every Doctor
Doctor’s Indemnity Insurance – A Critical insurance Policy That’s Essential For Every Doctor
Here’s Why You Need to Protect the Hands That Protect Others’ Health
Doctors take care of our health and well- being. However, unintentional mistakes or negligence can result in lawsuits from patients or their families. This is where professional indemnity insurance can protect doctors from substantial losses.
Can a doctor lose his licence for medical malpractice?
Medical malpractice or medical negligence refers to poor quality of medical care. So, they occur due to negligence or acts of omission. Furthermore, these instances can lead to medical complications or the death of a patient. Therefore, such acts of medical negligence can be considered as a transgression of the legal duty of care. In […]
Why Should Doctors Buy Professional Indemnity Insurance?
Doctors professional indemnity insurance covers doctors against third-party legal liability claims arising out of medical negligence, errors, malpractices, and mistakes. In the below infographic, you will learn some facts and figures about the medical industry and why doctors’ professional indemnity insurance is much important to consider. Doctors should buy professional indemnity insurance to protect themselves […]