Medical Malpractice Insurance for Medical Practitioners and Institutions
We have been underwriting Professional Indemnity insurance for the last 15 years and clearly understand your needs. Through our broker partners we offer a Claims Made insurance policy with a host of extensions which are supported by the world’s largest Re-insurers, Munich Re and Swiss Re.
Medical Malpractice Insurance, also known as Med-mal Insurance, is designed to cover a medical professional against claims of medical negligence. This is an act, error or omission by a medical professional that deviates from the accepted medical standard of care and which then results in damages. Some examples of negligence in this context may include the failure to diagnose, misdiagnosis, surgical errors, and/or the premature discharge of a patient.
We offer a claims made based insurance policy which, subject to the retroactive date contained in the policy, provides effective cover that is triggered when a claim is made against our client during the policy period – regardless of when the alleged wrongful act occurred.
Our claims made based policy offers Automatic sub-limited extensions so that our practitioners may balance the costs of the insurance against the cover which best suits their insurance needs. These extensions include:
Automatic Extensions:
- Breach of confidentiality
- Claims Preparation costs
- Criminal Defence Costs
- Defamation
- Extended reporting period/Run-off cover
- Fidelity Guarantee
- Fines & Penalties
- Good Samaritan Acts/Emergency First Aid
- Insureds Attendance costs
- Liability for damage caused by Medical Products or Equipment
- Loss of Documents
- Mitigation of Loss
- Negligent advice given free of charge
- Public Liability
- Public relations expenses
- Students
- Wrongful arrest
Specifically Selected Extensions
- Additional Extended Reporting Period (AERP)
- Hospital at Home Services
- Medical Aid Scheme and/or Third-Party Administrator Forensic Audit Extension
- Medico-legal Services
- Premium Holiday and Emigration
- Reinstatement of Limit of Indemnity
- Telehealth Services
- Vicarious Liability State Defence Costs