DOCTORS - PROFESSIONAL INDEMNITY INSURANCE

WHAT IS A PROFESSIONAL INDEMNITY DOCTORS ?

Professional Indemnity Doctors insurance covers legal costs and expenses incurred in your defense, as well as any damages or costs that may be awarded, if you are alleged to have been negligent in providing a professional services that cause the client to lose money.

COVERAGES

Coverage against legal liability (including Defense Costs) to pay Damages for third party
Claims arising out of professional services
Insurance Company will indemnify the Insured for those sums which the Insured, as a result of conducting the insured profession, will become legally liable to pay as damages for loss caused by an incident which takes place in the coverage territory during the policy

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EXTENSIONS:

Medical Practitioner’s Endorsement
Loss of documents including Computer records, viz medical records
Breach of confidentiality viz personal information

TERRITORY AND JURISDICTION

Worldwide including USA/Canada

UNDERWRITING INFORMATION

Duly filled signed, stamped and dated Proposal Form
Name of the Insured
Area of Specialization
Details of Staff/Partners
Estimated Annual Revenue for the proposed period of Insurance
Limit Required
Medical Registration number
Number of patient’s visits per day.
Expiring policy copy / premium. If available
Past claim History-Events which may lead to claim in future

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EXCLUSIONS

Known Prior Matters and Notifications
Contractual Liability
Insolvency
Patent & Trade Secret
Prior Claims/ Circumstances
Prior Acts
Employment Practice Violation
Insured versus Insured
Fines, Penalties , Punitive damages etc
Pollution

CLAIM PROCESS: STEP BY STEP

Receipt of Notice: Claim or Circumstance
Acknowledgment Evaluation of issues & understanding legal position
If Circumstance:

Request further information
Consideration of mitigation steps
Follow up

If Claim:

Initial investigation
Request further information
Appointment of Defense Counsel

Coverage Assessment:

Information Flow
Potential Exclusion Highlighted

Defense Strategy:

Initial investigation
Meetings with Defense Counsel, Insured and other Experts

Team Approach :

Meetings with Insured and Defense Counsel
Reports from Defense Counsel

Resolution:

All endeavors made to ensure minimization of total liability & cost

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The process will be discussed with the Insured in advance, to ensure that in case of a potential crisis, all parties are aware of the procedure as such.

*Deductible / Retention -0.5 % of Aggregate limit of Indemnity for each and every claim

	Description		Sum Insured
	Description	AOA/AOY	5,00,000	10,00,000	15,00,000	25,00,000	50,00,000	1,00,00,000
I	Physicians with/ dispensing and other facilities General Pathologist		1,250	2,000	3,000	5,000	10,000	19,000
II	Specialist- Consulting Physician ( Non- Surgical )		1,500	3,000	4,500	7,500	15,000	28,000
III	Surgeons (Excluding Specialists in Plastic Surgery), Radiologist, Lithotripsy, Dentists & similar extra corporal methods of treatment would within this category		2,000	4,000	6,000	10,000	20,000	37,000
IV	Surgeons (Plastic Surgery) & Anesthetist		2,500	5,000	7,500		25,000	46,000

**NOTE – Given Premium is excluding GST

Get in touch with us

Ethika Insurance Broking Pvt. Ltd. IRDAI Certificate No: 574, Date of License: 8th Aug 2019, License valid till 7th Aug 2022, Registered Address: 517, B Block, Vijaya Raghwa Township, Nallagandla Bypass Road, Lingampally. 500019 Principal Officer: Susheel Agarwal, Contact Details of Principal Officer: susheel@ethika.co.in +91 8498094600, Directors: Susheel Agarwal and Suresh Agarwal, Category of License: Direct (Life and General).

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