What are the basics in terms of insurance for doctors?
“All doctors who undertake private medical practice should purchase professional medical indemnity insurance. In many states, professional indemnity insurance is a requirement of medical registration,” says Tarlei Mildenhall, senior underwriter, MDA National Insurance Professional medical indemnity insurance covers doctors for civil liabilities claims arising from allegations of medical malpractice, misconduct, misdiagnosis and negligence. It will normally also cover investigations and inquiries arising from treatment, advice and services to patients. Some policies cover doctors after retirement, but others don’t. If you are considering changing insurance providers, or are just starting out and are looking for medical indemnity insurance, it’s worth checking out whether your policy covers you after retirement before making a decision. The policy must cover the doctor when working at his or her own practice, as well as when working at a hospital. Most hospitals will also have insurance,
