Occurrence-based cover is the gold standard of Medical Malpractice insurance. Being covered at the time the incident occurred is what’s important. Cover that ends when the policy payments do can turn into a nightmare, especially as many claims have a gestation period of several years.
Your Howden policy provides cover on an occurrence basis. There is no deadline for making claims and no complicated reporting requirements. Even doctors who are retired retain their right to make a claim.
What Does Medical Malpractice Insurance cover?
Insurance policies for the medical profession vary greatly in the breadth of cover they provide. The top ten benefits that doctors need from their insurance, all provided under your Howden policy, are:
1. Medical malpractice cover
Your Howden policy covers all elements of a malpractice claim, from the initial costs of defending the claim, amounts offered in settlement, award of damages and/or costs.
2. Cover for clinics and support staff
The legal entity that you created to house your practice and the support staff serving your patients can come under fire. Your Howden policy extends cover to your clinic and support staff, at no extra cost, so in the event of a claim against them cover will be available.
3. Legal representation
The quality of legal representation can be the difference between upholding your good reputation or having it tarnished. Your Howden policy covers the costs of getting a competent lawyer experienced in similar challenges. Our expert medico-legal advice is provided by a panel of the most experienced firms.
4. Department of Health disciplinary inquiries
An adverse finding by the Department of Health’s disciplinary tribunal can be just as damaging for your reputation as a malpractice claim. Your Howden policy covers the cost of legal representation at SMC inquiries, to ensure that your interests are protected.
5. Good Samaritan acts
If you need to get involved in an emergency, your insurance should be with you, standing strong, giving you the confidence to act fast. Your Howden policy covers Good Samaritan acts.
6. Libel and slander
Defending allegations of libel and slander arising from your professional practice can be expensive. Your Howden policy includes costs of defence against libel and slander.
7. Mental Injury
It’s possible to sue for mental anguish, for example in cases where there is no discernible physical injury but severe Post-Traumatic Stress Syndrome.
Your Howden policy provides cover for claims involving mental injury.
8. Coroner’s Inquests
A properly prepared statement for a Coroner’s Inquest is a pre-emptive defence against later claims. Cover for the costs of preparing statements for the coroner, and legal representation if needed at an inquest, is provided by your Howden policy. Policies for the medical profession are complex and nuanced – it’s wise to engage a specialist broker to cut through complications before they become problems.
9. Public Liability Cover
Your classic ‘slips and trips’ insurance, Public Liability cover will protect your business if someone is injured in an accident on your premises and subsequently claims against you.
Who provides the cover?
To ensure that you receive the best possible support, Howden has established partnerships with some of the world’s leading providers of Medical Malpractice Insurance underwriting and risk management services.
Your Howden policy is placed with underwriters at Lloyd’s, which gives clients the security and reassurance associated with the world’s largest specialist insurance and reinsurance market.