Medical Malpractice Insurance
With the rise of private healthcare provision, medical professionals increasingly need to be aware of the need to have adequate protection in place in the form of Medical Malpractice Insurance cover. It provides medical professionals with indemnity protection in circumstances where a patient, their family or representatives make a claim that injury, mental harm or misdiagnosis to a patient has been caused.
Who needs Medical Malpractice Insurance cover?
If you are an individual medical professional undertaking non-NHS, or medico-legal work, even where it is provided on NHS premises. At JMG Insurance Brokers, we have a team of insurance professionals who can help you get the correct policy. We can also provide medical malpractice insurance cover to GP surgeries and private healthcare providers.
What protection is provided by a Medical Malpractice Insurance policy?
Medical malpractice insurance provides legal expenses and cover for damages awarded for claims for breach of your professional negligence as a medical professional. Claims can result from injury, physical or mental harm, or misdiagnosis to a patient.
Most claims result from disgruntled patients and can often be simple accusations, however even spurious accusations need to be defended to protect your reputation, which still results in legal fees to defend the accusation.
Medical malpractice cover which is provided by a traditional Insurance Company is nearly always written on a “claims made” basis, this requires the policy holder to have cover in place, not only when the negligent action is carried out, but also when the claim or accusation is reported to you. Consideration should always be made when retiring or if you chose to close your practice to arrange an extended reporting period also known as “Run Off Cover” to continue to protect yourself for any further claims or accusations after the date that you cease to practice.
It is not uncommon for a claim to appear from nowhere several years after the treatment was provided.
Why choose JM Glendinning Insurance Brokers to buy Medical Malpractice Insurance?
We have access to a number of policies from a range of leading UK insurers and can get cover in place for Doctors, Dentists, Surgeons, Psychiatrists, chiropractors and various other medical professionals.
If you have previously struggled to get indemnity cover we are here to help. It might be that you have had previous claims or that you have had disciplinary actions or investigations held against you from your regulatory body. Even in these more complicated situations it is likely that we can help you.
As we are an independent Insurance Broker we have access to various insurers who specialise in Medical Malpractice and we have access to Lloyds of London for the more specialist cases or the higher risk professions.
We can offer Limits of indemnity from £100,000 to £10,000,000 upwards
What Information is required to obtain a quote for Medical Malpractice Insurance cover?
- We will require a questionnaire to be completed, however we can usually accept a questionnaire that you have already completed from your current provider or another broker/Insurer providing that there is enough information
- A letter of good standing (this is your claims history from your current and previous insurers)
We can also cover your Public and Employers Liability, protection for All risks for your clinical equipment, computers and statutory inspection services of your pressure equipment.
Please call Dean Hartley on 0191 2560951 or 07885965830 or email firstname.lastname@example.org