Medical professionals need insurance to help protect themselves against the wide-ranging risks inherent in their jobs, such as malpractice, negligence and other claims that arise from liabilities or a breach of professional duty.
Medical professionals shoulder a huge amount of responsibility on a daily basis. Because your job as a medical professional can involve many risks, you should make sure you have robust cover to protect yourself, your business and any employees.
Anyone who works in the medical profession needs to seriously consider medical professionals insurance. This includes doctors, nurses or midwives, or more specialised positions such as occupational therapists, physiotherapists and paediatricians. For some, certain covers like medical indemnity may be a regulatory requirement, so make sure you know the specific requirements for your profession.
A typical medical malpractice policy will cover you on a claims-made basis in the event of malpractice, breach of duty or dishonesty of your partners, directors or employees in the course of business operations. It can also provide compensation for claims and legal services, and insure against actions or omissions of your employees.
Whether the NHS or another health care organisation insures your professional conduct, the British Medical Association still recommends supplementary insurance to compensate for porous cover.
A comprehensive Medical Malpractice Insurance policy inspires the confidence to do your job without being plagued by the stress that accompanies allegations of negligence.
If you are a private medical professional and have your own premises, building and equipment, consider the following forms of cover to ensure you and your business are adequately protected:
- Employers’ liability—required if you have employees
- Property damage to contents and equipment
- Loss of money
- Public and products liability
- Property damage to buildings
- Business interruption
- Personal accident
- Computer equipment
- Legal expenses
As your business grows and develops, your insurance needs will undoubtedly change. FOCUS will work with you to ensure that the exposure and risks faced by your business will be protected, leaving you with complete peace of mind.
To find out more, contact us.