Healthcare Professionals Insurance
If you work in the healthcare industry and provide medical consulting / treatment or run a medical practice you will require a specialist Healthcare Insurance policy.
Some of the policies we can offer are:
Aged Care Insurance
Alternative/Holistic Health Clinics Insurance
Cosmetic/Plastic Surgery Insurance
Dental Practice Insurance
General Practice Insurance
Medical Practitioners Indemnity Insurance
IVF/Fertility/Family Planning Clinics Insurance
Manufacturers/Importers of Medical Equipment Insurance
Naturopathy /Dietician Insurance
Optometry/ Audiology & Speech Therapy Insurance
Orthodontic Clinic Insurance
Pilates Instructor Insurance
Rehabilitation Centre Insurance
Sports Medicine Clinics
Veterinary Clinic Insurance
Yoga Instructor Insurance
What kind of insurance do I need?
Depending on your business activities, your broker will discuss the following cover option with you
Medical Malpractice & Professional Indemnity
Business Property & Contents
What is Medical Malpractice Insurance
Medical Malpractice Insurance, otherwise known as Medical Indemnity Insurance provides protection for Medical & Healthcare Professionals against allegations of medical negligence.
The repercussions of a medical negligence claim can be extremely serious with hefty compensations costs and legal fees.
Examples of Medical Negligence include:
Errors in Prescriptions
Delays in diagnosis
Failure to advice of risks
Performing treatments without reasonable care or skills
Important things to consider
Does the business description include all of your business activities?
It is extremely important that the business description on your Healthcare Professional insurance is correct and upto date.
If the business description is incorrect and you are performing activities that are not declared to your insurer your policy may not respond in the event of a claim.
This is a big problem that we see with online quotations as you may just pick a drop down occupation that does not include all of your activities and could cause issues for you at claim time.
At Insure Gold Coast we provide personal service and ensure that we fully understand your business and all of the activities that need to be covered.
Is the limit of indemnity adequate?
When setting a limit of indemnity on your Healthcare Insurance policy it is important to consider the type of work you are doing and the clients that you work for.
You need to think about the maximum financial loss your client could suffer as a result of a negligent act of omission and also the legal fees applicable for your defence costs.
At Insure Gold Coast we can work with you to set an appropriate limit for your business. We are also happy to provide quotes with different limits so that you can see how the cost compares.
Most Professional Indemnity Insurance policies are written on a ‘clams-made’ basis. This means that the policy will only respond to claims first notified during the policy period. Its is therefore extremely important to notify your broker or insurer as soon as you are first aware of an incident.
Unlike Public Liability Insurance which is written on an ‘occurrence basis’ , if the policy is not active, you cannot lodge the claim.
Because of this, if you sell your business or cease trading, it’s important to consider run-off cover to protect you for any claims that may arise from previous work.
Do you understand the conditions and exclusions?
All insurance policies include terms and conditions that specify what is included and what is not, what the insurers obligations are and what your obligations are.
If you do not comply with the terms and conditions of the policy, you may be in breach of contract and the policy may not respond in the event of a claim.
Healthcare Insurance policies can be very complex and difficult to understand.
At Insure Gold Coast, we will discuss this with you to ensure that you fully understand the policy conditions and any obligations you may have.
The Insure Gold Coast Difference
It is important to make sure that you have the right Healthcare Professional Insurance cover at a competitive premium.
At Insure Gold Coast we understand Healthcare Professional Insurance and the issues you need to deal with.
We have access to many different insurance companies and will compare the market on your behalf.
We can help you get the best claims outcomes, because we work for you and not the insurers.
We can save you money by taking the time to put together a tailored insurance program and are happy to arrange a visit to your property to ensure that we fully understand your requirements
We are passionate about supporting the local community and donate a portion of our income to Bravehearts Childrens Charity and 1% for the Planet.
Servicing only Gold Coast customers we are able to give you the service and support that you deserve.
Insure Gold Coast is a member of the largest insurance broker network in Australasia.
As a client of a Steadfast network insurance broker, you get the best of both worlds - local knowledge and service, with the strength of a large organisation.