A growing number of doctors are organising themselves into companies to bid for contracts from PCTs and other healthcare bodies. These companies will require Professional Indemnity Insurance for the services they provide.
ARE YOU ONE OF THESE?
If the answer is ‘Yes’ then you must ensure that you have obtained adequate indemnity cover for the company, usually stipulated within the contract. This area has come to light after statements from the two leading medical indemnity providers, the MPS and MDU, who have stated that an individual doctors indemnity will not cover their company if they are sued due to failure in company procedure or the actions of a staff member whom it has vicarious liability.
Medical Insurance Consultants are able to assist you in this area and can offer policies that fully adhere to the requirements laid out in these contracts, usually referred to as schedule 9. Don’t be caught out and think that you own personal indemnity is sufficient, as it is not.
If you need assistance in this area or would like a quotation please contact us on 0800 163 870 or email simon.downing@m-i-c.co.uk. It may be that you already have the cover in place, in which case we would be glad to offer you a very competitive quote at your renewal.
Medical Insurance Consultants, Prestleigh House, Hendford, Yeovil, Somerset, BA20 1UW
Tel: 01935 424085 Fax: 01935 422120 Web: www.m-i-c.co.uk
Authorised and regulated by the Financial Services Authority (309026)