What are the important features of a Doctor’s Professional Indemnity Insurance (DPI) Policy?
This case study video highlights the important features of Doctors Professional Indemnity Insurance. It demonstrates how the policy could have made a difference in a medical negligence lawsuit, by providing compensation to the family of the deceased patient and covering legal expenses.
A lawsuit can result in hefty legal fees, compensation payouts, and loss of earnings. It shows how medico-legal cases can be emotionally and financially draining for doctors. A single case of medical negligence can tarnish a doctor’s reputation and cause irreparable damage to their professional and personal life.
Therefore, it is important for doctors to protect themselves by obtaining a Indemnity insurance for Doctors. This insurance policy provides financial protection to doctors in case of a lawsuit. This policy helps doctors focus on their work without worrying about the financial implications of a lawsuit. It is a small investment that can save a doctor’s career and reputation in the long run. Therefore, every doctor must obtain a Doctor’s Professional Indemnity Insurance policy to ensure peace of mind and financial protection. There are number of reputed insurance companies that offer best Indemnity insurance for doctors in India.
The video outlines the types of liabilities covered by a Professional indemnity insurance for Doctors, including medical negligence and professional misconduct. Additionally, the video details the costs that are covered if a doctor is sued for an unintentional medical negligence.
Case Study
Mr. Ajay Verma was believed to have suffered a minor cardiac arrest after complaining of uneasiness and losing consciousness. A cardiologist administered medication and injections, but unfortunately, Mr. Verma passed away within an hour.
The post-mortem revealed that Mr. Verma had been given medication that he was allergic to, and the doctor had failed to review his medical history. The loss of Mr. Verma, who was the sole breadwinner, caused his family both emotional and financial hardship.
As a result, Mr. Verma’s wife filed a medical negligence lawsuit against the cardiologist, and the doctor was ordered to pay a compensation of Rs 50 lakh to the family. This payout exhausted the doctor’s savings.
If the cardiologist had obtained a professional indemnity insurance policy, the outcome would have been altered. The insurance company would have provided compensation to Mr. Verma’s family on behalf of the doctor and also covered the expenses related to the legal case.
Doctors professional indemnity insurance covers doctors against liability arising out of:
- Wrong treatments
- Mishaps
- Mistakes
Doctor insurance pays the cost of:
- Litigation, court fee and settlements
- Loss of documents
- Breach of confidentiality
- Defamation – both libel and slander (a false published/spoken statement damaging a person’s reputation)
If you need assistance to know the important features of Doctors Professional Indemnity Insurance for your employees, SecureNow can help. Contact us at 96966 83999 or write to us at support@secuenow.in and share your coverage requirements.
