Medical Malpractice Insurance
Calculating premiums based on your personal risk profile might not sound ground-breaking, but many of our competitors simply group you into a category and charge a set price.
Obviously, within any specialty there will be some doctors who have higher risk profiles than others.
Find out how much a personalised Medical Malpractice insurance policy will save you.
Howden bases your unique premium on:
- Your speciality
- Patient numbers
- Patient profiles
- Hours worked
- Claim history
- Your desired policy limit
That's why we can offer you a fairer price than many of our competitors.
Occurrence-based cover – 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 long-retired retain their right to make a claim.
Occurrence-based is the gold standard
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, the 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 challenge. Our expert medico-legal advice is provided by a panel of the most experienced firms.
4. HSAN disciplinary inquiries
An adverse finding by the Swedish Medical Board of Responsibility 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.
8. Mental Injury
Cover for claims alleging physical injury is not enough. Claims alleging mental injury must also be covered. Your Howden policy provides cover for claims involving mental injury.
9. 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.
10. 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.