Almost all multi-national corporations (MNCs) offer group health insurance to their employees. Among Indian firms, more than 90 percent of the large firms offer this employee benefit. What was earlier a differentiating factor for employers to attract talent, has now become a standard benefit that employees expect as they seek to join a company. That’s why employers […]
Medical establishment insurance: Know all about professional indemnity policy
Medical establishments act as the biggest hedge against life risks, they save people during medical emergencies. Did you ever think that medical establishments (hospitals) may be at any kind of risk? Well yes, they run the risk of claims made by their patients about any kind of wrong treatment, unnecessary treatments/tests, or some form of […]
What are the important features of a doctor’s PI insurance policy?
A doctor’s profession comes with the risk of lawsuits and compensation demands. A patient or a patient’s family can sue the doctor in the event of medical negligence or failed treatment. A doctor’s professional indemnity policy has proved to be of great help in bearing the financial burden of compensating a patient or the cost of […]
Features of doctor’s professional indemnity policy – Infographic
Medical professionals buy the doctor’s professional indemnity insurance to protect themselves against any legal liability faced due to any unintended professional mistakes. The below infographic explains various features of the doctor’s professional indemnity insurance.
What is a comprehensive cover in Doctor’s Professional Indemnity policy?
A Doctor’s Professional Indemnity Insurance Policy protects the interests of medical practitioners. Doctors might make a mistake during the treatment or diagnosis despite having the best experience and intention. Such unintentional errors may lead to disabilities or even the death of a patient. In such a scenario, the patient or the family might file a […]
How does a Doctor’s Professional Indemnity (Doctor’s PI) policy work?
Doctors are 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 to severe consequences. So how does a Doctor’s Professional Indemnity (Doctor’s […]
What is a Retroactive Date in Legal Indemnity Insurance?
Even if you are the best lawyer and have years of expertise and skills, mistakes can happen. If any of your clients file a case against you, you would have to pay not only the compensation amount (of course, if you lose) but also have to incur legal expenses. Therefore, it is essential to purchase […]
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 […]
What is the concept of AOA: AOY in Doctor’s Professional Indemnity Insurance?
The medical profession is considered a noble one. However, there have been cases of patients and relatives accusing doctors of medical negligence and misdiagnosis. In this article, we will discuss AOA: AOY in Doctor’s Professional Indemnity Insurance. Meanwhile, Indian laws have become stringent on matters of medical malpractice, breach of duty, and negligence. Hence, the […]
How to Prevent Medical Liability Claims with Risk Management Strategies?
Medical liability claims can be prevented with the help of proper risk management techniques. Read more to know about these strategies and get financial protection in tough times.