Doctors are referred to as lifesavers, and healthcare practices are considered a noble profession. However, medical malpractices and medico-legal cases are on the rise in today’s litigious society. Legal provisions, growing awareness, and commercialisation of healthcare are some of the main reasons for this. Protecting themselves from medical malpractice claims has become vital for doctors […]
Articles Tagged: professional indemnity insurance
What is Indemnity Insurance?
Introduction Indemnity insurance, also known as an indemnity policy, is a crucial risk management tool that provides financial protection to individuals and businesses against potential liabilities or losses. It serves as a safeguard, ensuring that indemnity policy holders can recover financially from unexpected adverse events. In this blog, we will delve into the essential aspects of […]
Medical Malpractice Insurance vs Professional Indemnity
The healthcare profession is considered the sacred profession in India. However, it brings a lot of challenges to healthcare professionals as they are also bound by laws. With rising litigations, it is important for healthcare professionals to avail the right type of insurance to protect themselves financially. So, we will learn about Medical Malpractice Insurance […]
What is a full release of all claims with indemnity?
Most times, when there are workplace injuries, the party at fault tries to offer a settlement to the injured person. However, before providing the settlement, they will ask the injured to release all indemnity claims forms. It would help if you refrained from signing that form before you know what it is or your lawyer […]
How does the claims process work for professional indemnity insurance?
For businesses or professionals that offer specialist service or advice, professional indemnity insurance is a boon. Also called, errors & omissions insurance, the policy covers claims which are made against such professionals by people who allege that they have incurred losses due to their professional acts. Along with compensating the unhappy client, the errors & […]
Advantages of Professional Indemnity Insurance for Professionals and How to Purchase
If you are a professional service provider. You know the value of managing client relations and rapport in market and how difficult it can be to maintain. A professional indemnity policy can help you to avoid damage to the image or your financial health in the case of a claim of negligence by a customer. […]
Right insurance provider for medical establishment’s indemnity policy – Infographic
Right insurance provider for medical establishment’s indemnity policy Choosing the right insurance provider for a Medical Establishments’ Indemnity Policy is paramount. It requires thorough research and consideration of factors like reputation, coverage options, claims processing efficiency, and cost. This decision ensures that healthcare professionals and their facilities are adequately protected against potential malpractice claims. It […]
Features of Medical Establishment’s Professional Indemnity Plan – Infographic
Medical Establishment’s Professional Indemnity Navigating the complexities of healthcare comes with its own set of challenges and potential risks. In this infographic, we delve into the critical features of a Medical Establishment indemnity insurance. Discover how this insurance coverage safeguards healthcare providers and their facilities against liability claims arising from medical errors or negligence. Explore […]
Claim filing process of medical establishment’s professional indemnity policy – Infographic
In our latest infographic, we demystify the claim filing process of a Medical Establishment’s Professional Indemnity Policy. Explore the step-by-step journey from incident to resolution, empowering healthcare providers and their facilities to navigate potential challenges with ease. We break down the essential elements of this crucial process, empowering you to understand the ins and outs […]
Importance of Professional Indemnity Policy for Medical Establishments – Infographic
Professional indemnity insurance for medical establishments offers wide coverage to hospitals and clinics for claims made by patients for medical negligence. This policy offers coverage for defense costs, court fees, and settlements. Therefore, the importance of Indemnity insurance for Doctors in medical facilities is critical. Doctors Professional indemnity insurance is a type of liability insurance […]