According to a survey, there has been a rise (around 400%) in the complaints regarding medical negligence. This rise has increased the demand for professional indemnity insurance for doctors. In simple terms, professional indemnity insurance is a type of liability insurance which protects professionals from bearing a loss caused by any negligence during treatment of patients. The insurance company manages specific confidential data of its clients and provides indemnity services accordingly.
The insurance companies also provide professional indemnity insurance for doctors to protect them from false allegations. It safeguards many practitioners financially and assists in dealing with such false claims legally. Features and benefits of professional indemnity insurance for doctors
The sum assured for professional indemnity insurance can be selected by the doctors either on yearly or per accident basis with a ratio from 1:1 up to 1:4. If the coverage amount is less than the compensation amount you can avail loan for doctors to make up for the loss. However, this insurance does not cover specific cases and accidents caused in certain surgeries such as plastic surgery, weight reduction surgery, criminal activity, any operation carried out under the influence of drugs or intoxicants, etc. The premiums of such policies will depend on the type of cover you choose and the risk factor associated with the nature of your practice.
0 Comments
Leave a Reply. |
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. |