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How does a Doctor’s Professional Indemnity (Doctor’s PI) policy work?

How does a Doctor’s Professional Indemnity (Doctor’s PI) policy work? Doctors are trained professionals who deal with human lives. They have the power of restoring health and hence good quality of life to the sick and unwell. However, during the course of their work, they might commit some professional errors which, in turn, might lead […]

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Claims not covered in a doctor’s professional indemnity

Claims not covered in a doctor’s professional indemnity 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. Following claims not covered in a […]

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How is a premium for Doctor’s Professional Indemnity calculated?

How is a premium for Doctor’s Professional Indemnity calculated? A Doctor’s Professional Indemnity Insurance policy covers financial liabilities that medical practitioners face in case of negligence or errors during the treatment. The policy covers legal costs and the compensation amount. The sum insured and the level of risk determines the premium’s policy. Below are the factors […]

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How much does a Doctor’s Professional Indemnity Insurance cost?

How much does a Doctor’s Professional Indemnity Insurance cost? There has been a rise in patients filing liability claims against doctors even though doctors have always been highly respected in our society. These suits are either because of a few doctors engaging in malpractices or certain hospitals recommending unnecessary medical procedures. Many are now looking […]

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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 […]

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What is the Claims Series Clause in Doctor’s Professional Indemnity policy?

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 […]

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Five types of organisations which must have Professional Indemnity Insurance

Five types of organisations which must have professional indemnity insurance cover All professionals are susceptible to make mistakes due to negligence at work. However, a doctor, lawyer or financial advisor committing an error, though seemingly negligible, may lead to losses or land their clients in unfortunate circumstances. In case of a lawsuit, these professionals may […]

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Importance of Professional Indemnity Insurance for doctors

Doctors used to be revered during earlier times in India. Even today, despite changing times, the importance that society gives to a doctor can’t be ignored. However, even doctors are human, and they can commit errors and mistakes. With the evolution of laws, such negligence and error of judgments can be costly. As a professional, […]

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Is Professional Indemnity Insurance Worth It?

Is professional indemnity insurance worth it? According to news reports dating back to November 2017, a police case was filed against a doctor at Gorakhpur’s BRD Medical College on the charges of attempt to murder. This was regarding the death of over 20 children at the health facility. This shows that while it’s human to […]

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