Medical Malpractice Insurance for Medical Practitioners and Institutions
Genoa Underwriting Managers (Pty) Ltd (FSP number 38225) is a UMA in the Lombard Insurance Company Limited (FSP Number 1596) stable. We have been underwriting Professional Indemnity and Medical Malpractice Insurance for many years and understand that no one medical practitioner is the same and as such require bespoke solutions to suit 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-insurer, Munich Re along with additional capacity from other prominent reinsurers.
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
- Employers Liability
- Extended reporting period/Run-off cover
- Fidelity Guarantee
- Fines & Penalties Defence Costs
- Good Samaritan Acts/Emergency First Aid
- Incidental Emergency Obstetrics
- Insureds Attendance costs
- Liability for damage caused by Medical Products or Equipment
- Loss of Documents
- Medical AI & Medical Robotics
- Mitigation of Loss
- Negligent advice given free of charge
- Paramedic Services Conditions
- Personal Safety Pursuits
- Professional Post-event Counselling
- Public Liability
- Public relations expenses
- Students
- Subpoena
- Vicarious Liability State Defence Costs
- 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
- 24-hour HIV-Protection