Professional Indemnity Insurance For Doctors

Professional Indemnity Insurance For Doctors

Plan Details

As a professional it is your duty to take care of your client. If some day you fail to exercise your duty and neglect promises made, then you are liable for the losses incurred by the clients.

Professional indemnity insurance acts as a kind of safety net protecting you and your business from the financial claims made by your dissatisfied customers. Our policy will cover all the legal expenses to defend your status in case negligence claim is made against you.
There are cases where you may not be at fault and still the clients blame you for negligence on your part, professional indemnity insurance will still protect you from the heavy legal charges. If you purchase professional indemnity insurance, it will protect you from such severe actions by covering claim made against you.

How to opt for sum assured value?

Sum assured is referred to the limit of Indemnity. This limit is fixed per accident and per policy period which is called Any One Accident (AOA) limit and Any One Year (AOY) limit respectively.

The ratio of limit can be chosen as the below mentioned details-

1. 1:1 (Per event limit should be between INR 1 lakh to 50 lakhs)
2. 1:2 (Per event limit should be between INR 1 lakh to 25 lakhs)
3. 1:3 (Per event limit should be between INR 1 lakh to 16.5 lakhs)
4. 1:4 (Per event limit should be between INR 1 lakh to 12.5 lakhs)

What does the policy cover?

Provides indemnity against claims arising out of bodily injury / death or legal suits of any patient caused by or alleged to have been caused by error, omission or negligence in professional service for Doctors and Medical Practitioners Liability for another act. A doctor is responsible for not only his own negligence but also for the negligence of his employees, if such an act occurs under his direct supervision, by the principle of Respondent Superior. The Insured includes the Policy Holder and his Qualified Assistants or employees named in the Proposal. The Act must be committed during the period of insurance commencing from the Retroactive Date.

What does the policy not cover?

1. Criminal acts
2. Acts committed under Influence of intoxicants / narcotics
3. Weight reduction treatments
4. Plastic surgery
5. HIV Aids
6. Noncompliance with statutory provisions
7. Radioactivity
8. Cosmetic plastic surgery, hair transplants, punch grafts, flap rotations etc.