Professional indemnity insurance covers defense costs, the process of lawyer appointment, and associated cost i.e. cost of legal defense once a lawsuit has been filed against the insured. Listed below is the manner that would manage the claim, once triggered: Insured receives a legal notice or a compliant threatening for legal action It is […]
Doctors Professional Indemnity
Do past claims impact renewal premium for a doctor’s professional indemnity policy?
Do past claims impact renewal premium for a doctor’s professional indemnity policy? A doctor’s professional indemnity insurance policy covers legal expenses that might be incurred in the wake of unintentional errors or wrong diagnosis. It provides financial protection to doctors from third-party claims and legal costs incurred while defending lawsuits. Moreover, the policy also covers compensatory […]
How to file a claim under a doctor’s professional indemnity policy?
Doctors often undertake life-saving treatments and diagnosis. However, mistakes can occur in their diagnosis of an illness or in its treatment. In such cases, the patient may suffer severe consequences. These often lead to liability claims against doctors who are held responsible for the patient’s financial losses. So, How to file a claim under a […]
Claim filing process under doctor’s professional indemnity policy – Infographic
Doctor’s professional indemnity insurance offers protection to doctors against the legal claims arising out of mistakes which they commit unintentionally in their profession. Below infographic explains how the claim can be filed under doctors professional indemnity insurance policy.
When does a claim occur under DPI and how to raise a claim?
When does a claim fall under a Doctor’s PI policy? A Doctor’s Professional Indemnity insurance policy covers instances of death, physical injury or disability due to medical negligence or unintentional errors. The policy covers legal costs in case of lawsuits. It also bears settlements associated with such cases. The DPI claims are of the type […]
What is the Claims Series Clause in Doctor’s Professional Indemnity policy?
The Doctor’s Professional Indemnity policy has various clauses. Here we will look at the ‘Claims Series’ clause. The claims series clause plays a crucial role in determining the limit of deductible payable for the insured. Accumulated claim amount This clause is applicable when different claims arise from the same cause of neglect, error or omission. […]
Are medical malpractice settlements tax-free?
Any act of negligence or omission on the part of a medical professional that results in physical harm or trauma to a patient is medical malpractice. This also includes providing substandard quality of treatment. So, lets see what Are medical malpractice settlements tax-free? Some instances of medical negligence are: Failure to give correct medical advice […]