Doctor’s community faces the risk of a financial liability in the course of practicing their profession if there is a mishap. The amount usually is exorbitant. In such cases, insurance comes to our rescue, just to protect ourselves from this problem. It helps not only in terms of finance, but it also provides legal help. This special insurance is called professional indemnity cover or medical indemnity insurance.
The professional indemnity insurance policy typically has the following features: The extent of financial damage for loss caused to the victim which is a result of nonwillful neglect. Against unintentional errors and omissions by the doctor. The cost of defending oneself in the court of law. Compensation from Insurance Company The policy will pay the sum assured that has been set as a limit on the extent of damage cannot be quantified. The expense over and above the sum…
