Why is this insurance important and specific?
It is known that doctors cherish their patients’ welfare most and use all the energy and knowledge to cure and help their patients. Sometimes, however, they fail. Having in mind the complexity and high demands of a medical profession on the one hand and the increasing awareness of professional liability as a result of modern integration into the global way of thinking and doing business on the other hand (especially with regard to the fact that the adequate choice of medical treatment becomes increasingly subject to litigations), Dunav Insurance Company offers a new product, unique on local market, which suits modern standards of liability insurance –medical professional liability insurance.
Who can contract this insurance?
Professional liability insurance can be contracted by medical institutions for the benefit of their employed doctors and other medical staff and/or by individual doctors.
What is insured?
Medical professional liability insurance covers civil liability of the Insured against damages due to third party death, bodily injury or health impairment caused my medical malpractice.
Which risks are covered?
The coverage applies to a future, uncertain event occurring beyond the will of the Insured as a result of medical malpractice i.e. a negligent or unprofessional act or omission by a doctor and other medical staff, contrary to valid legislation and medical professional standards, which directly results in unfavourable treatment outcome as a possible basis for a claim for compensation by a third party.
What is the agreed insured value?
The insurance is concluded to the sum insured which represents the indemnity limit per any one occurrence. In addition to the sum insured per any one occurrence, there is the aggregate sum insured which represents the total liability limit of the Insurer for the insurance period and is subject to contracting. The choice of an adequate sum insured is very important, bearing in mind that it generally represents the maximum possible amount of a third party claim.
What does the premium amount depend on?
The insurance premium amount depends on the selected cover limit, i.e. the sum insured per any one occurrence and in the aggregate, as well as on the source of peril and total revenues.
What is provided for by this insurance?
If a third party files a claim for compensation against the Insured, Dunav Insurance Company shall participate in conducting the:
- defence against unfounded and excessive claims,
- settlement of founded claims and
- reimbursement of the legal expenses
What benefits can you expect?
Premium bonuses and discounts may be granted on the basis of the level of medical and technical equipment, agreed deductible and the ratio between premiums and claims per this line of insurance.
If you wish to find out more about medical professional liability insurance and/or have any specific requirements, please contact our nearest branch office, business office or an outlet.