As the number of medical legal cases being filed is increasing, it is essential for doctors to have professional indemnity insurance. It works as an added layer of protection. It helps safeguard your business assets and wealth in case you are involved in a legal battle. It protects you against claims of misdiagnosis, negligence, incorrect treatment and overdose. At the most basic level, it aids you in paying legal fees and damages to the third party. Offering end-to-end solutions, a Bajaj Finserv Indemnity Insurance for Doctors, is one of the best professional insurance policies in the market. Take a look at its highlight features that make it a wise choice for medical practitioners:
High coverage amount
Most importantly, you want the indemnity policy of your choice to provide adequate coverage to your business. You must arrive at an amount based on the size of your practice, the identifiable risks and your budget. Bajaj Finserv’s Indemnity Insurance for Doctors offers coverage from Rs. 50 lakh up to Rs. 1 crore.
For example, a blood transfusion that is taking place at your clinic goes wrong. The negligence results in the patient suffering from Hepatitis B. The patient’s family sues you for Rs. 50 lakh because of your oversight. In such cases, the indemnity policy pays for legal costs as well as for damages.
Enhanced coverage
While most professional indemnity insurance policies cover damage to third-party and legal costs and expenses, Bajaj Finserv’s policy goes a step further and provides you coverage against:
- Libel and slander
- Employee fraud and dishonesty
- Breach of confidentiality
- Loss of documents
Moreover, it assigns a lawyer to your case so that you don’t have to take on the added responsibility.
Organised claims procedure
If you are sued, you want your insurance provider to be able to get on to the case immediately. Bajaj Finserv understands the need for such prompt attention and has established a claims procedure. Once you notify them of the claim or circumstance, they perform coverage assessment and come up with a defence strategy. To ensure that the most appropriate strategy is adopted, lawyers and experts are consulted. In fact, this process is discussed with you well in advance. So even before the need arises, you’ll be aware of the measures that you need to take.
Additional read: Indemnity insurance for doctors: all you wanted to know
Dedicated resources and infrastructure
To ensure speedy redressal, Bajaj Finserv has a dedicated claims team in place. They take care of all liability-related claim settlements. Also, Bajaj Finserv has over 200 outlets across the country and has written over 2,000 professional indemnity policies. So, you can be rest assured that you’re taking your practice to the best in the business.
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