Services
Medical Malpractice Insurance
Medical malpractice insurance is for medical professionals, consultant doctors, clinics, and corporate hospitals to give financial protection against inherent liabilities. It is a fact that even doctors with many years of experience in treating patients make mistakes. When it happens, the hospital and the doctor become liable for lawsuits. This can seriously affect the doctor and the hospital financially.Medical malpractice insurance policies can mitigate financial hardships and give medical professionals peace of mind. It is a necessary option for doctors and hospitals to overcome unintended negligence.
Consequential Loss of Profit Insurance
Losses result in business interruption. Interruptions to business result in lost opportunities and customer patronage. Consequential loss of profit insurance will reimburse you and help your business get to its original status as it was before the loss occurred. The coverage takes immediate effect. There are many other optional extensions that you can include in the basic policy for better coverage.
Medical Malpractice Insurance Types
The cost of insurance coverage will depend on the nature of the medical facility and the type of services delivered. It varies from surgeon to surgeon.
- Group Medical Malpractice Insurance – provides cover to healthcare professionals against claims, lawsuits, and financial obligations arising due to allegations of malpractices
- Individual Medical Malpractice Insurance – This type of insurance is for individual doctors who run healthcare facilities or clinics who may be obliged to financially compensate patients who file lawsuits and level allegations of malpractice
What Benefits Medical Professionals Get
- It is mandatory to have medical malpractice insurance for medical practitioners practicing in the UAE. You will meet the compliance requirements.
- The healthcare professional protects his financial liabilities by buying medical malpractice insurance. The insuring company will pay the cost of litigation and relief award on behalf of the insured.
Major Risks Protected by Medical Malpractice Insurance
Lawsuits due to:
- Misdiagnose leading to wrong treatment and patient suffering
- Negligence related to pregnancies and childbirth
- Mistakes in making prescriptions that lead to side effects
- Surgical errors and failure to deliver treatment on time
- Wrong advisory and post-surgery mismanagement
Claims Management Support
Simplified claims processing is the hallmark of all our medical malpractice insurance policies. If you have to make a claim, our advisors will help you to prepare and submit the documents. This will assist you with getting reimbursement on time. Our insurance advisors are trained to make a proper claim. We will stay with you till all claims are processed and the claim amount has been transferred to you.
Consequential Loss of Profit Insurance
Losses result in business interruption. Interruptions to business result in lost opportunities and customer patronage. Consequential loss of profit insurance will reimburse you and help your business get to its original status as it was before the loss occurred. The coverage takes immediate effect. There are many other optional extensions that you can include in the basic policy for better coverage.
Medical Malpractice Insurance Types
The cost of insurance coverage will depend on the nature of the medical facility and the type of services delivered. It varies from surgeon to surgeon.
- Group Medical Malpractice Insurance – provides cover to healthcare professionals against claims, lawsuits, and financial obligations arising due to allegations of malpractices
- Individual Medical Malpractice Insurance – This type of insurance is for individual doctors who run healthcare facilities or clinics who may be obliged to financially compensate patients who file lawsuits and level allegations of malpractice
Medical Malpractice Insurance for Whom
- Surgeons – they care for patients and are likely to be sued directly by a patient
- Nurses – the possibility of negligence is high in nursing due to work pressure
- Specialist Doctors – highly complicated procedures make it more prone to risks
- Others include: dieticians, laboratory technicians, and dentists
What Benefits Medical Professionals Get
- It is mandatory to have medical malpractice insurance for medical practitioners practicing in the UAE. You will meet the compliance requirements.
- The healthcare professional protects his financial liabilities by buying medical malpractice insurance. The insuring company will pay the cost of litigation and relief award on behalf of the insured.
Major Risks Protected by Medical Malpractice Insurance
Lawsuits due to:
- Misdiagnose leading to wrong treatment and patient suffering
- Negligence related to pregnancies and childbirth
- Mistakes in making prescriptions that lead to side effects
- Surgical errors and failure to deliver treatment on time
- Wrong advisory and post-surgery mismanagement
Claims Management Support
Simplified claims processing is the hallmark of all our medical malpractice insurance policies. If you have to make a claim, our advisors will help you to prepare and submit the documents. This will assist you with getting reimbursement on time. Our insurance advisors are trained to make a proper claim. We will stay with you till all claims are processed and the claim amount has been transferred to you.
Why Platinum
50 +
Years of Experience
in the Industry
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& Financial Institutions
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Clients all Over the Globe