Professional Indemnity Insurance, also known as Errors and Omissions Insurance is a kind of policy that is meant to provide financial assistance to doctors in the event someone files a lawsuit against them, holding them responsible for the damage caused due to their professional negligence and error. This is a very common sight in the medical industry wherein patients, unsatisfied with the results of the treatment, decides to sue the doctor. Now, the situation can be very stressful unless the doctor already has a professional indemnity insurance policy in their name. Accordingly, if you have one in place, well and good. But if it is otherwise, it’s better to get one before you end up emptying your pocket defending yourself in the lawsuit. Do mind to follow the below-mentioned tips to choose the right professional indemnity insurance for yourself.
5 Tips Before Choosing Professional Indemnity Insurance Policy For Doctors
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AuthorAman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management. |