Doctor Indemnity Insurance Policies, What to Look For?

Advances in medical technology have lowered the chances of making errors during medical procedures, yet medical negligence cases can take place. Medical professionals handle critical treatments, making them susceptible to various risks. To mitigate these, doctors if covered under indemnity insurance can get coverage for specified risks in the policy. In this article we will explain, what should doctors look for while purchasing doctor indemnity insurance policies.

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What Should Doctors Look for While Purchasing Doctor Indemnity Insurance Policies?

The doctors recommend medications to the patient. However, the patient may further acknowledge some side effects of the medication. Therefore, he may initiate legal action against the doctor. Hence, the doctor’s indemnity insurance policy is essential for a medical practitioner.

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This coverage is only for following professionals:

  • Doctor/Medical Practitioner
  • General Physician
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Let us discuss what should doctors look for while purchasing doctor indemnity insurance policies.

Coverage of the policy

The doctor must read the insurance policy documents to learn about the coverage provided under it. The coverage is the primary benefit every policyholder worries about. It is the main cause why people purchase insurance policies.

The indemnity policy also offers coverage for unintentional errors or omissions. It further appoints an attorney to defend the policyholder and represent his plea in court.

Exclusions

The policyholder must understand the exclusion of the indemnity policy for doctors. The indemnity policy is not enforceable in case of a criminal act. Fraudulent activities are strictly prohibited in the insurance policy.

Any surgery performed by a doctor under the influence of drugs or alcohol shall be excluded from the coverage. It is recommended to the policyholder go through the policy copy and learn about the exclusions in detail.

Conclusion

So what should doctors look for while purchasing doctor indemnity insurance policies? The doctor must understand if the insurance company shall pay if the doctor is found negligent. He must also learn the cost of legal defence and legal notice payable by the indemnity insurance for doctors.

Written By: PolicyBazaar - Updated: 17 November 2023
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