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ICICI Lombard Launches Professional Indemnity Insurance For Doctors

Professional Indemnity insurance supports doctors both legally and financially in the event of a law suit

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ICICI Lombard, one of the leading private general insurance companies has launched Professional Indemnity Insurance for doctors. This new offering covers all specialisations, provides instant policy issuance, and comes equipped with transparent and competitive pricing, a hassle-free claim process, and legal counsel services support in case of claims.

Professionals, doctors are vulnerable to human errors where they can be held liable by the kin of the patients. As a solution to situations of such nature, this policy has been curated to provide support to medical practitioners against the scope of various human errors that can happen while rendering professional services to patients.

Sanjeev Mantri, Executive Director, ICICI Lombard said, “Doctors and healthcare professionals are prone to uncertainties and risks while they are in the forefront to save lives. Error, omission, or at times unintentional negligence are a part and parcel of their professional life. Any aggrieved person possesses the right to claim damages for medical negligence against them. In such cases, our Professional Indemnity insurance safeguards doctors against all professional risks such as legal defense costs, compensation claims, injury among others, as well as against invalid claims. As a company, we are inclined towards protecting the interests and providing the best financial and legal security to the medical practitioners as they truly deserve the same.”

Professional Indemnity insurance supports doctors both legally and financially in the event of a law suit. The key features of this offering comprises of coverage against legal liabilities such as defense costs incurred during investigation, cost of representation, and compensation for claims arising out of bodily injury or death caused due to error, omission and negligence.

It will also provide coverage against invalid claims where there is no fault of the practitioner by covering the legal fees and settlement compensation to be paid against the claims awarded by the court, or in cases of medical malpractices allegations and legal suit due to breach of confidentiality allegations.

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