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. Doctor’s Professional Indemnity insurance is a type of liability insurance that provides protection for doctors and medical professionals in the event that a patient or […]
How much does a Doctor’s Professional Indemnity Insurance cost?
Doctor’s Professional Indemnity Insurance policy The surge in patients filing liability claims prompts an examination of the costs associated with Doctor’s Professional Indemnity Insurance. Despite their esteemed status, doctors face increasing challenges. Some physicians’ malpractices or hospitals advocating unnecessary medical procedures have fueled these lawsuits, eroding public trust in the medical profession. Such incidents have […]
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 […]
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. […]
Five types of organisations which must have Professional Indemnity Insurance
All professionals are susceptible to making 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 have to pay from their pockets or even suffer a loss […]
How professional indemnity insurance protects doctors against legal liabilities?
The Surat District Consumer Disputes Redressal Forum recently held a doctor guilty of medical negligence. The panel asked the doctor to pay Rs 4.8 lakh with a compound interest of 9%, and Rs 1.5 lakh to the patient’s relatives. So, what’s new in this information? It is common to hear about alleged doctors’ negligence causing […]
Importance of Professional Indemnity Insurance for doctors
Doctors used to be revered during earlier times in India. Even today, despite changing times, it is difficult to ignore the importance that society gives to a doctor. However, even doctors are human, and they can commit errors and mistakes. With the evolution of laws, such negligence and error in judgments can be costly. In […]
Frivolous litigations & Charges: A Scary Reality of the Medical Profession
In the field of health professionals, medical negligence is an often-used term that demonstrates a deficit in doctors’ duties towards patient care. When a patient visits a doctor to consult him or her for treatment, the former trusts the latter completely. Respecting that trust as well as adhering to the ethics of the Medical profession, […]
Is Professional Indemnity Insurance Worth It?
Professional Indemnity Insurance 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 an attempt to murder. This was regarding the death of over 20 children at the health facility. This shows that while it’s human to make mistakes, […]
What is data breach insurance coverage?
With technological advancement, the inherent risk of a data breach has increased tremendously and has become more challenging to resolve. To tackle the threat posed by the data breach, appropriate data breach insurance coverage is the need of the hour. The use of continuous internet connection by businesses due to online interactions has made them […]