All controlled health professionals must be protected by professional indemnity insurance for doctors, according to the Health Care and Associated Professions (indemnity arrangements) Order 2014, which went into action in July of that year. This means that if a patient files a lawsuit alleging malpractice, neglect, or a violation of medical or skilled care requirements, Insync Insurance providers will be able to cover the expense of any reimbursement awards.
Who needs protection?
All health-care practitioners are covered by the law, including:
- Doctors employed by the National Health Service (NHS), whether in general practice or in private practice;
- Those who work as nurses;
- Osteopaths are doctors who specialize in the treatment of bones and joints.
- Midwives are women who help women give birth.
- Optical retailers; and
- A team of paramedics.
The form and amount of indemnity insurance needed are determined by the practitioner’s location, responsibilities, and if they are self-employed or employed.
Why do healthcare professionals need insurance?
Being in medicine and providing health services can be incredibly rewarding. The burden can be severe, and while health care workers aim to provide the best possible service, errors can have significant consequences for anyone involved. In addition, the media is promoting a more litigious culture, with plenty of legal support available to take lawsuits on a no-win, no-fee basis. Medical indemnity insurance is required for health care workers so that demands for reimbursement from patients found to have a valid case can be met.
General Practitioners, for example, are included in specific categories.
GPs are liable for providing their own sufficient and reasonable medical indemnity policies to cover both professional practice and medico-legal jobs, whether they work in their own practice, as a practice partner, or as an employee of a practice.
The indemnity policy of the hiring company is likely to protect locums employed under lease to the NHS or an HSC Trust. However, this may not be enough, especially if the responsibilities include medico-legal work, in which case additional coverage may be needed. Many that serve as locums should seek recommendations from their Medical Defense Organization or a professional insurer to confirm that they have the proper insurance coverage.
And if a doctor is no longer practicing or providing medical services, they can maybe be sued for malpractice or misconduct for work they did before retirement. The longer a doctor was being retired, the less likely he or she will file a lawsuit, which is expressed in the value of the policy. This is why retired doctors’ medical indemnity insurance is referred to as run-off insurance. Doctors who are planning to retire should seek advice.
Many nurses and midwives operate under contract with the NHS, HSC, or a private company and are likely to be compensated for medical indemnity by the employer’s scheme. Nurses that do any self-employed work would need extra coverage for these responsibilities. This may be offered as part of their technical or labor union membership. Optionally, they could use a private insurer to obtain coverage.
Each day, surgeons, physicians, and other healthcare professionals do amazing things, such as saving lives. However, there are few other occupations where making a minor error may have such significant consequences. This is why it is important for someone working in this area to speak with experts about medical indemnity insurance.