Doctors Professionals Indemnity is becoming a significant insurance policy, with the rise of court disputes brought by patients on the grounds of poor medical services that usually stem from negligence and errors. Though doctors and their associates don’t intend to cause any inconvenience to their patients, there can be some situations that are not even in their control.
To protect them from such severe consequences, like financial losses and loss of reputation as professionals, different insurance companies have taken the initiative to design professional indemnity insurance for doctors. As a doctor, you should get one if you don’t have this type of insurance. Which company has the best professional indemnity in India? Well, we have 5 names for you.
1. ICICI Lombard General Insurance Company
ICICI Lombard General Insurance Company creates Professional Indemnity for doctors to protect them financially and legally if they make any medical error with their patients. Furthermore, it ensures you fight against the allegations, proving your innocence. ICICI Lombard’s Professional Indemnity for Doctors helps:
- Cover the loss of patients’ document claims, breach of confidentiality allegations, and medical negligence/malpractice claims.
- Aid doctors from all specializations legally and financially. This will help them carry out their duties without worrying about the consequences.
- Settle claims with your patients out of the court so you can carry out your duties peacefully.
2. Reliance General Insurance
One of the best insurance-providing companies in India, Reliance General Insurance offers sought-after Professional Indemnity policies for doctors and other healthcare professionals. With so many litigation cases stacking up in courts, many of them pertain to legal claims by patients rising on grounds of medical carelessness, malpractice, and errors. Since everyone has the right to defend themselves in a court of law, Reliance General Insurance also devises an insurance plan that would help medical practitioners defend themselves. This policy is Professional Indemnity. Seeking Professional Indemnity at Reliance General Insurance will help you:
- With a quick claim settlement
- Get financial assistance to fight legal battles against medical mistakes, negligence, or malpractice claims.
- Loss of documents
- Breach of confidentiality
3. HDFC Ergo General Insurance Company
HDFC Ergo General Insurance Company offers customers a plethora of insurance products. Out of the many products, Doctors’ Professional Indemnity is a popular one. Like other insurance companies, HDFC Ergo also makes a positive attempt to safeguard doctors and medical professionals from medical negligence allegations that patients bring on them if they commit a professional error. With HDFC Ergo, doctors can:
- Challenge breach of confidentiality claims with the help of expert guidance
- Settle claims seamlessly
- Obtain Professional Indemnity insurance instantly by filling out the online application.
- Access their 24/7 customer support, who can help you at every step of your issuance process.
4. The Oriental Insurance Company
Delhi-based The Oriental Insurance Company is a noteworthy name when it comes to providing Professional Indemnity to doctors. Since the number of legal claims arising from bodily injury of patients/deaths is increasing, the cause of which is mostly medical negligence and errors, the experts of the company have designed Professional Indemnity. Among these legal claims, the majority of them are unintentional. To safeguard the reputation of such doctors, the dedicated team at this company has designed Professional Indemnity. Professional Indemnity from The Oriental Insurance Company will cover:
- Legal expenses including defense costs, penalties for claims, etc
- Claims stemming from medical carelessness, mistakes, and malpractice.
- Loss of documents
5. New India Assurance Company
Considered one of the fastest-growing insurance companies in India, New India Assurance Company designs Professional Indemnity insurance for doctors. Several medical associations have trusted this company to create the best-suited professional indemnity plans for doctors and related professionals. With this policy, you can cover liability claims that your patients will likely bring against you due to alleged medical practice. This insurance company’s benefits pertaining to Professional Indemnity for doctors are as follows.
- Their claim process is fast, which helps doctors save time during prolonged court sessions.
- They offer doctors relevant guidance so that you can prepare your defense.
- They assist medical practitioners in fighting against medical negligence allegations.
CoverYou
is a one-stop solution for all your Professional Indemnity requirements. This company aims to safeguard healthcare practitioners from the repercussions of medical malpractice, errors, or negligence that they have allegedly caused. When a legal case is filed against you by your patients or their family members on such grounds, you must defend yourself in court to save your reputation. Since defense costs can be high, CoverYou provides comprehensive protection to strengthen your cause. With CoverYou’s Professional Indemnity, you can pay compensation fees claimed by patients without burning a hole in your pocket, seek medico-legal guidance from 200+ senior doctors’ panels, and more.
Conclusion
Since the number of medical negligence cases is increasing in India, insurance companies are coming up with Professional Indemnity plans. Mostly, all companies offer legal and financial assistance to doctors to fight such claims, ensuring they can resume their work with peace and a positive public image. If you wish to buy Professional Indemnity insurance, consider getting one from CoverYou, India’s leading Insurance broker curating insurance plans exclusively for doctors. Using state-of-the-art technology, we facilitate Professional Indemnity Insurance at the latest to sort your legal professional issues as soon as possible. Our 500+ medico-legal panel is ready to assist you with the proceeding in the best possible way. To learn more about our products, including Professional Indemnity insurance for doctors, reach out to our support team.
References
1. https://sme.icicilombard.com/indemnity-and-liability-insurance/doctors-indemnity-insurance
2. https://www.reliancegeneral.co.in/insurance/professional-indemnity-insurance.aspx
5. https://www.newindia.co.in/professional-indemnity-insurance
