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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 diagnoses. It provides financial protection to doctors from third-party claims and legal costs incurred while defending lawsuits. Moreover, the policy also covers compensatory settlements payable to third parties. The tenure of the doctor’s […]

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How to file a claim under a doctor’s professional indemnity policy?

Doctors often undertake life-saving treatments and diagnoses. 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 […]

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Claims not covered in a Doctor’s Professional Indemnity Insurance

A Doctor’s Professional Indemnity Insurance (PI) protects the insured against breach of duty or negligence. It saves the legal cost incurred while fighting liability claims. Thus, doctors need to scrutinize the scope of the coverage offered and understand the exclusions carefully. S0, let’s see what Claims are not covered in a doctor’s professional indemnity. Following […]

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When does claims occur under DPI and how to raise a claim?

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 known as legal liability. This policy covers only civil liability […]

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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. […]

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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 treatment. So, let’s see what Are medical malpractice settlements tax-free? Some instances of medical negligence are: Failure to give correct medical advice Improper […]

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