Professional indemnity insurance covers defense costs, the process of lawyer appointment, and associated cost i.e. cost of legal defense once a lawsuit has been filed against the insured. Listed below is the manner that would manage the claim, once triggered: Insured receives a legal notice or a compliant threatening for legal action It is […]
Doctors need a professional indemnity policy to cover them against financial liabilities in case of a lawsuit. Since, these lawsuits lead to heavy legal costs and major financial settlements, it can put doctors as well as hospitals under financial strain. Most find it difficult to get the right professional indemnity (PI) policy for doctors. So, […]
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 of judgments can be costly. In […]
Doctor’s Indemnity Insurance – A Critical insurance Policy That’s Essential For Every Doctor
Doctors take care of our health and well- being. However, unintentional mistakes or negligence can result in lawsuits from patients or their families. This is where professional indemnity insurance can protect doctors from substantial losses.
Indemnity insurance for medical practitioners provides financial protection against medical negligence. Read more to know why indemnity insurance for doctors makes sense.
Medical indemnity insurance is a type of professional liability insurance that is primarily available for medical practitioners and for medical establishments. Medical indemnity insurance which is also referred to as doctor’s professional liability insurance is specially designed to provide financial protection to medical practitioners against legal cost and compensation costs arising out of litigations when […]
Doctors are lifesavers. However, they are also humans and can commit errors in their professional lives. To them, professional indemnity insurance works as a financial backup for claims arising out of negligence.
Doctors face medical challenges and complicated conditions every day. They try their best to ensure that the patients recover. However, despite their best intentions doctors might make mistakes and get sued by their patients. These errors or acts of negligence cause suffering to the patient and even death. In such cases, the patient or his/her […]