Professional Indemnity insurance is designed in place that allows you to focus on your work without constant worry about potential legal or financial repercussions. It helps to protect against claims that are not your fault and will cover the below mentioned expenses /allegations.
Cover Your Legal fees and court awarded damages or settlement compensation to
be paid against claims arising out of:
Medical malpractice allegations / legal suits (Errors & Omissions in practice).
Breach of confidentiality allegations.
Loss of third-party documents (cost of reinstatement of documents)
Who needs it?
If you are a medical graduate working as a resident doctor.
If you are practising medical professional.
If you are a specialist in your specialised field, you need it more.
Whether you are working with a hospital or have one of your own practice.
Why do we need it?
Professional Protection: This insurance product serves as a safeguard for professionals, whether newly graduated or experienced, against allegations or negligence related to their services.
Good Samaritan Situations: Even when acting with good intentions, professionals can be held liable, and this insurance offers coverage in such instances.
Litigation Expenses: The insurance covers legal costs that may arise from lawsuits.
Settlements and Awards: It ensures payment of settlements and awards when deemed necessary
