Medical Indemnity Insurance is more than a compulsory condition of registration for all medical practitioners in Australia – it’s imperative to keep you safe.
As a doctor, your Medical Indemnity Insurance covers both you and your patients if something potentially goes wrong during a medical procedure or whilst in medical care resulting in harm to a patient
So, is all Medical Indemnity Insurance cover the same?
In short, no. It is important to ensure there are no gaps in your level cover and that both you and your patients are fully protected.
Does your current Medical Indemnity Insurance policy cover some of the basic such as;
- Needle stick cover
- Medico legal hotline
- Automatic “Tail” cover
- Reputational protection
- Privacy breach protection
- Medicare fraud audits
- Health fund investigations
- AHPRA investigations
- Removal from proceedings Hospital inquiries
- Government inquires
- Coronial inquires
- Subpoenas for medical records
If your current level of cover has you asking questions, then Adroit Insurance Group is here to help.
With an Insurance Solution that has been developed with partners Berkshire Hathaway, the world’s largest medical indemnity insurer for Doctors, 24-hour legal support and a fully managed claims process – you’ll be sure to have your mind put at ease.
Take advantage of our limited offer of 14 months coverage for the cost of 12! Contact your Adroit professional risk specialist Anthony Di Fiore for a free no obligation insurance review on 03 9816 2112 or email@example.com
We all have things we subscribe to that end up not fitting our needs down the road. Maybe it’s that magazine you subscribed to back in 1992, or the gym membership that you haven’t used since you finally started fitting back into those jeans. Your insurance policy shouldn’t get lumped in with these things.
It’s one of those things that’s misunderstood; your policy is not something that you just set and leave as it is. It’s something that you should always be reviewing, in conjunction with your broker. – Damon Edwards, Branch Manager.
Insurance policies renew automatically, but you’ll be notified by your insurance broker or financial adviser before that happens to see if anything has changed. This is the perfect opportunity to review your insurance policies and ensure your coverage still suits the needs of your business.
Here are a few examples of changes that could affect your insurance cover:
- A significant increase (or decrease) in revenue
- A significant increase or decrease in stock
- A purchase of a new asset like a property or piece of machinery
- A change in business activity
- A change in market conditions
These business milestones, like growing your staff, opening a new store or upgrading to the latest equipment, are exciting. They can change your life and improve the profitability of your business. As much as they change the way your business operates, they also change the requirements of your insurance policy – and sure, that takes some of the romanticism out of it, but these are the assets you’re working so hard to protect.
Life grows along with you, so make sure you enable your insurance policies to do the same. Your Adroit Insurance Broker or Financial Adviser will get in touch with you to review your insurances, so take that opportunity to update them on any changes in your life or your business. If your broker or adviser doesn’t do this, talk to one of our trusted Adroit Brokers for a free no obligation insurance review.
A strong Victoria needs strong regions. The core of our business lies in regional Victoria, so we’re heavily invested in the whole of the state, far beyond the urban centre of Melbourne. At the end of the day, regional success translates into success and prosperity for all Victorians.