Professional Indemnity Insurance

Professional indemnity insurance for doctors provides coverage against expenses arising out of legal procedures such as lawyer’s fees. The policy can also protect professionals against claims arising out of malpractice, breach of confidentiality, and defamation.

Apart from this, it offers coverage against unintentional errors and omissions. It is suitable for all medical practitioners who want to stay financially sound against unforeseen expenses.

Personal Accident Insurance

Personal accident insurance covers doctors financially in case they suffer any infections or accidental injuries at work. The insurance policy can also provide coverage for temporary or permanent loss of income due to disability, which can affect the insured’s ability to perform.

Apart from this, the insurance plan covers the family of the insured in case of sudden demise while performing their duty.

Property Insurance

Doctors typically invest in expensive medical equipment like X-ray machines, MRI scanners, and surgical instruments, which are essential for diagnosing and treating patients. Property insurance covers the loss or damage caused to such property or equipment due to fire, flood, or other unforeseen events.

Public Liability Insurance

Public liability insurance covers the cost of claims arising out of accidental injury or property damage sustained by third parties. It can protect the policyholder against claims arising out of medical errors or other incidents occurring on the insured territory/premises. It also covers the legal fees and settlements that may result from such claims.

Conclusion

Insurance policies like Public Liability Insurance and Indemnity help provide a safety net to medical professionals. These are the insurance policies that doctors should take to safeguard themselves against financial liabilities arising because of certain unforeseen events at work. The coverage under such policies also extends to the doctor’s patients and their entire practice.