A doctor, medical practitioner, physician or a medical doctor is a healthcare professional who practices medicine, related to promoting, maintaining or restoring health through the study, diagnosis, prognosis and treatment of injury, disease and other physical and mental impairments in a clinic or hospital.
During practice, there may be situations where instant and important decisions taken by doctors have led to losses for a patient that may not be in the best interest of a doctor. An insurance plan designed for doctors will cover legal liabilities arising from such situations giving the necessary coverage and the peace of mind a doctor needs.
Professional Indemnity Insurance
Also called medical malpractice insurance or medical indemnity insurance is a plan designed to protect doctors from legal liabilities resulting from medical malpractice.
Medical or healthcare professionals and facilities are extremely prone to face complex hazards and expensive litigation. Medical malpractice insurance, a type of professional indemnity insurance, provides individual healthcare practitioners and medical facilities with protection and resources to handle the changing risks of today’s complicated healthcare business.
Cléma Risk Solutions can assist you protect your medical practise, reputation, and financial assets with a comprehensive plan to suit your business and needs.
Business Interruption Insurance
Business interruption insurance compensates lost business income in the event of a disaster depending on where the clinic is run. A fire or natural calamity, for example, could be the event. Business interruption insurance is not marketed separately, but is either added to a property/casualty policy or incorporated as an add-on or rider in a comprehensive package policy.
This coverage differs from property insurance in that it compensates lost income as a result of a disaster-related business closure or the necessity for structural rebuilding of the practice. Business interruption insurance can, however, be paired with a property insurance policy to form a package known as a Business Owner’s Policy.
Workers Compensation Insurance
If you are running your own clinic, as a business owner, you have probably hired a few committed and dedicated employees. If any one of them were to become seriously injured, are you in a position to still run your practice smoothly? It is highly advisable for an employer to have workers compensation insurance, depending on the number of hired employees in the clinic.
This insurance pays for medical care and replaces a portion of lost wages for an employee who is injured during the course of employment, regardless of who was at fault. Even if your employees perform low-risk or low-impact work, slip-and-falls or other medical conditions such as carpal tunnel syndrome could result in expensive claims.
We at Clema Risk Solutions understand that the danger of malpractice claims and other liabilities when running your own medical practice centre is high. Patient lawsuits, broken equipment, employee mishaps, and data breaches can all result in high expenses and uncertainty for businesses. At Cléma Risk Solutions, we strive to give you the peace of mind you need by offering the protection against these risks. Feel free to reach out to our friendly team on firstname.lastname@example.org who will assist you choose the right insurance coverage for your clinic.
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