Professional indemnity insurance helps to cover the cost of defending claims and paying any damages; in an event where the client faces financial losses because of assumed error; omission or neglect on the client’s part.
Benefits of professional indemnity insurance for doctors:
- The insurance will help reimburse some of the legal expenses that may be accrued including defence costs like (costs, fees, expenses) incurred while investigation, cost of, compensation, representation etc. Beneficial not only to the doctors but also to their patients & their dependents as the insurance company takes care of the compensation
- It is mainly the precautionary measure as it prepares the doctors for varied types of risks associated with their work. It provides an ability to handle more varied possible future mishaps that can otherwise leave a person bewildered and panicked
- It acts as a best and safety rope giving enough protection against the future perils which cannot be changed or made arrangements for normally
- This insurance acts like a support system for providing doctors the much needed monetary support; as well as a team of people who can help the doctor through various unplanned and misfortune ordeals
For more details visit our blog: Professional indemnity insurance
