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The new policy covers legal liability incurred during investigation, cost of representation, compensation for claims, defaults, as well as negligence while providing professional services.
ICICI Lombard, one of the leading general insurance companies in the private sector, has launched Professional Indemnity Insurance for doctors. The latest offering is categorized under the SME category. This new offering will benefit from all the experts like instant policy issuance and transparent and competitive pricing in case of claims, a hassle free claim process and legal consultation services.
Doctors as a professional are vulnerable to human errors where they can be held accountable by the relatives of patients. As a solution to situations of such nature, this policy is designed to assist physicians in the range of various human errors that may occur while rendering professional services to patients.
Doctors will get these benefits
Professional Indemnity Insurance helps doctors both legally and financially in case of legal litigation. Key features of this offering include coverage against legal liabilities, defense costs during investigation, cost of representation, and compensation for claims arising out of bodily injury, omission and death due to negligence.
It will also provide coverage against invalid claims where there is no fault of the practitioner, legal fees and settlement compensation awarded by the court or charges of medical malpractice due to breach of confidentiality and also cover in cases of legal litigation.
Sanjeev Mantri, Executive Director, ICICI Lombard said, doctors and healthcare professionals are exposed to uncertainties and risks while they are at the forefront of saving lives. Mistakes, omissions, or sometimes unintentional negligence are a part of their professional life. Any aggrieved person has the right to claim damages against them for medical negligence. In such cases, our Professional Indemnity Insurance provides protection to doctors against all professional risks such as legal defense costs, compensation claims, injury among others, as well as invalid claims. As a company we are inclined to protect the interests and provide the best financial and legal protection to the physicians as they truly deserve it.
ICICI Lombard among other insurance companies provides complete health solutions to its valued consumers through its insurance products. When it comes to saving lives, doctors focus on giving their best. However, there are uncertainties that could put his job at stake. Professional Indemnity Insurance for Doctors under the SME category is an innovative offering from the leading general insurance company and focuses on providing an immersive experience to its customers. This product is available on the company’s website https://sme.icicilombard.com/.
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