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, […]
What is data breach insurance coverage?
With technological advancement, the inherent risk of a data breach has increased tremendously and has become more challenging to resolve. To tackle the threat posed by the data breach, appropriate data breach insurance coverage is the need of the hour. The use of continuous internet connection by businesses due to online interactions has made them […]
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
How is Insurer’s liability decided under Professional Indemnity Insurance?
Under a professional indemnity insurance policy, a party or each person is indemnified separately with regard to claims made against the party or person by any other party or person (excluding the insured). This is subject to the insurance company’s total liability limit, which should not exceed as specified in the policy terms and conditions. […]
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.
Are medical malpractice settlements tax-free?
Overview Medical malpractice settlements are generally tax-free in India if they are awarded as compensation for physical injuries, pain, or suffering caused by medical negligence. However, the taxability depends on the nature of the settlement. Non-taxable: If the amount is awarded strictly as compensation for bodily injury or loss of life under a civil suit […]
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 […]
Buying a Doctor’s Indemnity Insurance? Be sure to Consult an Insurance Broker
Buying a Doctor’s Indemnity Insurance
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 […]