Medical establishment’s professional indemnity insurance offers coverage to hospitals and clinics against the malpractice claims made by the patients.
Professional indemnity insurance is a type of insurance that helps protect medical professionals, such as doctors, nurses, and other healthcare providers, against the financial consequences of mistakes or errors made in their professional capacity. Some key features of a Doctor professional indemnity insurance plan for a medical establishment may include:
- Coverage for legal fees and other costs associated with defending against a professional liability claim
- Compensation for damages or settlements resulting from a professional liability claim
- Coverage for claims made by patients, clients, or other third parties
- Protection against a wide range of potential claims, including those related to medical malpractice, errors and omissions, and negligence
- The ability to customize the coverage to meet the specific needs of the medical establishment
- An option for retroactive coverage to protect against claims that may arise from past incidents
- A deductible, which is an amount that the policyholder must pay out of pocket before the insurance coverage kicks in
Below infographic explains the important features of medical establishment’s indemnity policy.