What is Professional Indemnity?

Think of it as a safety net for doctors in case they make a mistake. Professional indemnity insurance provides special protection that helps doctors by covering any legal or reputational costs if a mistake is alleged. It ensures that doctors can continue their important work without fear of financial or legal repercussions.

Why is Professional Indemnity So Crucial for Doctors Today?

Professional indemnity insurance is essential for doctors to protect themselves from malpractice claims. It ensures that the complexities of healthcare and evolving legal requirements don’t jeopardize a doctor’s career or finances. This coverage is vital for managing risks and giving doctors the peace of mind they need to focus on patient care. Not only does it shield doctors from financial liabilities, but it also safeguards their reputation, allowing them to practice with confidence and security.

Coverages and Exclusions

Make sure you understand what is included and what isn’t before purchasing.

Covered:

  • Run Off Cover: Cyber insurance is increasingly essential in today’s digital age.
  • Out of Court Settlement: Costs incurred to notify individuals who need to be informed.
  • Breach of Confidentiality: Expenses for recreating or recalling data held by the company on behalf of a third party.
  • Continuity Benefit: The insurer will cover any interruption losses up to the specified limit.
  • Loss of Documents: Costs for forensic investigation to identify the existence and cause of a breach.
  • Reappraisal Cost: Public relations consultants help minimize damage to the company’s reputation.
  • Dishonesty & Criminal: Cyber insurance helps protect against risks in the digital age.
  • Legal Liabilities: Security consultants assist in minimizing extortion costs or avoiding them altogether.

Excluded:

  • Punitive & Exemplary Damages
  • Dishonesty or Improper Conduct: Claims arising from dishonest or improper actions of the insured.
  • Fines and Penalties
  • Physical Injury: Caused by any type of cyber attack.
  • Service Under Influence: Losses due to services provided under the influence.
  • Unsolicited Communication: Losses resulting from unsolicited communications initiated by the policyholder.
  • Dishonesty & Criminal
  • Property Damages: Caused by any kind of cyber attack.