Are there professional indemnity policies for doctors?Yes, there are professional indemnity insurance covers for doctors which primarily cover losses or liability arising out of professional negligence or, more particularly, a genuine error of judgement, for instance, error in diagnosing a patient. The policy covers all sums which the insured professional becomes legally liable to pay as damages to the third party on account of any error or omission on his part while rendering professional service. The legal expenses incurred in defence of the civil cases (criminal cases are excluded), with the prior consent of the insurance company, are also payable, subject to the overall limit of indemnity selected. The policy excludes wilful or deliberate acts of negligence. Financial setbacks due to loss of goodwill as a fallout of such cases and other similar acts specified by the insurer are also excluded from the policy.
