Medical Malpractice

Medical Malpractice FAQs

What limit of cover should you choose?

Sometimees the Limit of indemnity is dictated by contract or the standard requirments of your professional association. You should check this level before arranging your cover, particularly if you undertake work for public bodies who may require you to have certain Medical Malpractice limits.

Additionally you need to choose a level of cover that reflects your exposure. Is it likely that you could have one large claim or more likely to have smaller claims? What is the absolute worst thing that could happen as a result of your medical negligence? Would a claim of that nature including costs be 500k, €1m or even €2 or €3 million. Thinking about these questions with our expert team will help you figure out what is best for you.

What’s the difference between Medical Malpractice and professional indemnity Insurance?

Medical malpractice insurance (sometimes called ‘treatment liability insurance’), does a different job to professional indemnity (PI). PI insurance is concerned with your professional services, such as a failure of advice or an error in your design. If someone is harmed during your treatment of them, it’s down to a failure of your professional services. What arises thereafter is the distinction.

Professional indemnity insurance is designed to deal with situations where someone has suffered a financial loss. However Medical Malpractices covers claims involving physical or mental harm.

What is "Claims made" and "claims occurrence"?

When weighing medical malpractice insurance options, it’s important to recognize that a claim may be filed years after the disputed treatment took place. There are two types of policies you can obtain: A “claims-made” policy will only provide coverage if the policy is in effect both when the treatment took place and when a lawsuit is filed. An “occurrence” policy will cover any claim for an event that took place during the period of coverage—even if the claim itself is filed after the policy lapses. Some claims-made policies will provide a period of “tail” coverage that extends coverage for a set amount of time—e.g., five years—after the policy ends.

Medical professionals may want to purchase tail coverage when they change insurance policies, take a new position or retire. With an occurrence policy, cover doesn’t end when the policy ends. Instead, the limits remain available to pay future claims for claims arising from professional services rendered during the policy period. This means that – unlike a claims-made policy – if you take a career break or retire, there’s no need to buy tail cover.

Why choose Brady Insurance?

Customer Service and access to the best products is at the core of what we do.  We are an award-winning broker who have a team of 35 professional insurance brokers.  We have been working with Medical Malpractice insurance for certain occupations for many years and we ahve access to numerous markets.

We are trading since 1959, we pride ourselves on our impeccable record of customer service and ethical business. We are rated 4.9 stars on Trustpilot ! 

What happens after I Purchase my Policy?

We will bring you through the process as quickly as possible and get your documents to you within 24 hours of having received them from your insurer. Then you have one of our specialist brokers on hand to assist you should you need advice during your insurance year. 

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