The rising cases related to medical negligence led to the provision of safeguarding the interests of doctors and medical professionals. With 10-15% of genuine instances in which doctors are found guilty, the rest are left to defend themselves. Patients and their family members have the right to file a case in court against the doctor in charge if they think there has been an incident of medical negligence or mistake. This can put the doctor’s entire career in danger, and fighting such cases may require significant financial resources.
With Doctors’ Professional Indemnity provided by CoverYou, doctors can now be legally and financially secured. It is a unique insurance plan exclusively meant for doctors to help them fight charges related to medical malpractice, negligence, or error with financial and legal aid.
We will discuss what Professional Indemnity is for doctors, what our plan covers, and the associated premium costs.
Understanding Professional Indemnity For Doctors
In the field of medicine, doctors have the responsibility to take care of their customers. If they fail to deliver their duties and make medical mistakes, it is evident that they will be held accountable for the apparent damages.
Professional Indemnity acts as a safety net that protects doctors and the organization against financial and legal claims brought by unsatisfied patients or their family members. In the event of medical negligence, malpractice, or mistake, if a legal report has been filed against you. CoverYou Professional indemnity policy Plan will give financial aid for defending your position as a medical practitioner. Remember that this kind of policy can only save you from huge legal fees if you are not guilty. When the patient or his family members are accusing you of negligence.
What Does Professional Indemnity Insurance For Doctors Cover?
At CoverYou, we offer Professional Indemnity to doctors and medical practitioners against legal proceedings when patients accuse doctors of negligence in the course of their treatment. This is mainly in every case. However, if you’re seeking specific assistance, your plan coverage may differ since every individual’s insurance needs vary.
As per the Respondent Superior Principle, a doctor is not only guilty of his own mistake but also the mistakes of his staff. If certain incident occurs under the doctor’s supervision. Professional Indemnity plans, also cover professionals working with doctors under protection against substantial legal expenses.
What is the Premium For Doctors’ Professional Indemnity?
Professional Indemnity is an effective weapon to shield doctors and other healthcare professionals from patients’ claims of error, mistake, and carelessness by offering them financial assistance that they would need to fight legal battles. Many insurance providers offer various kinds of Professional Indemnity insurance coverage tailored to the requirements of the doctors. Generally, the rates for this type of insurance range typically between 0.25 and 0.5% of annual turnover, depending on the market competition and common risk factors.
At CoverYou, you can avail of a sought-after Professional Indemnity plan starting at Rs.299. You can get an estimate for your insurance coverage based on your specialization. All you need to do is visit our official website and fill out all your details, including name, address, and phone number. Further, our certified RM will reach out and assist you in getting the quotation.
Why Choose CoverYou for a Professional Indemnity Plan?
CoverYou extends its arms to facilitate all the complex needs that doctors have when facing charges of misconduct from a patient party. We are an IRDAI-registered insurance broker who offers customizable Professional Indemnity insurance for Doctors. Our policies cater to the different needs of doctors, depending on their specialization and incidents that have occurred or are likely to occur.
If you want to purchase a Professional Indemnity policy from us, you can avail yourself of the following benefits.
- Full legal backup from medical negligence allegations
- The commitment to provide lawyers within 2 hours
- Cashless Claims
- 200+ senior doctor’s panel is here to assist with second-level opinions
- Huge savings on premium
Takeaway
Doctors’ Professional Indemnity has become vital for protection against legal hassle. This Insurance Plan can help you finance court cases. in the case of false accusation of medical carelessness or mistakes. Your Profession need protection. Visit CoverYou’s official website and buy a plan with premium that suits your specific needs.
