How Professional Indemnity Insurance is ...

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Naina Kapoor

| Updated on December 13, 2025 | Share-Market-Finance

How Professional Indemnity Insurance is useful for medical professionals?

5 Answers
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Guest

@guest6271 | Posted on March 29, 2019

or professional indemnity insurance. This is a universally accepted insurance cover recognized by doctors. It provides cover for any claims made by patients due to negligence or wrong treatment or mishaps on the part of the doctor.
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Naina Kapoor

@nainakapoor2697 | Posted on March 29, 2019

Professional indemnity insurance is a universally accepted insurance cover recognized by doctors. It gives cover for claims made by patients due to negligence or wrong treatment or mishaps on the part of the doctor.

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The policy from leading NBFCs covers risks such as,


1. Incorrect diagnosis


2. Fraud by employees


3. Loss of medical documents


4. Breach of confidentiality


5. Slander and libel


But, before you apply for Professional indemnity insurance, here are some tips on how to choose the best policy.


1. Check for coverage

2. Do a cost analysis

3. Study claims handling


Hope this helps to you and you knowWhat Is Medical Professional Indemnity Insurancefor Indian medical professionals.








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Aditi Ahuja

@aditiahuja7392 | Posted on March 29, 2019

Professional Indemnity Insurance is useful for medical professionals in many ways, take a look on some of them:
1- It safeguard medical practitioners against legal costs
2- Doctors can claims for compensation by the patients if there is any case of a legal row.

The coverage under this Professional Indemnity Insurance are:
1- Cover for financial damages or loss to the victim
2- Errors and omissions these are unintentional
3- This Insurance can be extended to other qualified as well as unqualified employees and partners
4- Defending cost in the court of law
0 Comments
A

Aditi Ahuja

@aditiahuja7392 | Posted on March 29, 2019

Professional Indemnity Insurance is useful for medical professionals in many ways, take a look on some of them:

  1. It safeguard medical practitioners against legal costs
  2. Doctors can claims for compensation by the patients if there is any case of a legal row

The coverage under this Professional Indemnity Insurance are:

  1. Cover for financial damages or loss to the victim
  2. Errors and omissions these are unintentional
  3. This indemnity insurance for doctors can be extended to other qualified as well as unqualified employees and partners
  4. Defending cost in the court of law

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jhon paul

@jhonpaul1308 | Posted on August 2, 2019

Hi I have read your post that you have shared on professional indemnity insurance. It is a important type of business insurance especially for business to give advice or professional service to clients.and the business that usually they decide that that must have indemnity insurance. some professional regulators and their members or the business they regulate hold professional insurance .Professional indemnity insurance can cover compensation payments and legal fees if a client makes a claim against you. The compensation payment will usually take into account the financial loss that the client has suffered.
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