Medical Malpractice Insurance for Medical Professionals
Medical Malpractice Insurance is a legal requirement for medical professionals offering regulated medical, healthcare or veterinary services in the UK.
If you’re a medical professional and looking to renew your medical malpractice cover, then we can help. Our experienced advisers offer honest advice and guidance to arrive at an insurance solution that will meet your specific needs. With access to market-leading A rated insurers you can be confident that the cover we arrange, will protect your business in the event of a claim. Even if you have had a previous claim, we can help to arrange a comprehensive solution at a competitive premium.
Medical malpractice Insurance will protect you against financial loss and reputational damage that may occur as a result of a claim against you, cover legal fees, and costs associated with defending the claim and any compensation that may be payable.
We work with medical practitioners including, surgeons, dentists, doctors, physiotherapists, veterinarians and ophthalmologists to secure insurance cover that will meet your needs both now and also for the future, to bring complete peace of mind.
We’re looking forward to helping you protect your practice from commercial risk!
Medical Malpractice Insurance
"*" indicates required fields
Arrange your Medical Malpractice Insurance today
Who is it for?
We offer dedicated account handling and support
The benefits of Medical Malpractice Insurance
If you are a medical professional, you are already aware of the importance of having insurance cover to protect yourself financially if a claim is made against you. When arranging your insurance there are typically two approaches you can take. The first approach, taken by many medical professionals, is to join a defence organisation such as the Medical Defence Union. These organisations will typically include discretionary cover within their annual membership fees. The alternative is to take out a Medical Malpractice Insurance policy directly from an insurance company or arrange it through a specialist broker.
There are some crucial differences you should be aware of before making your decision. In the following video, we explain each type of cover and look at their pros and cons.
Frequently Asked Questions
Do I need Medical Malpractice Insurance?
If you operate a private practice or take on any private work in the UK, you are legally required to have Medical Malpractice Insurance.
If you work under an NHS England or Wales contract, you will be covered for clinical negligence claims arising from primary care work by the state backed indemnity scheme, which started on 1 April 2019. But this does not cover Good Samaritan acts (helping someone in an emergency situation), which could leave you open to risk. Therefore you should consider additional cover to ensure you are completely protected.
What is Medical Malpractice Insurance?
Medical Malpractice Insurance protects you against claims alleging negligence or a breach of professional duty, which result in a negative impact on your patient whether from medical treatment or advice, for example misdiagnoses, injury, delays in referral, and physical or mental harm. Medical Malpractice Insurance can financially protect you or your business against the cost of legal fees you may face when defending a claim and the cost of compensation required to settle a claim.
How much does Medical Malpractice Insurance cost?
Since Medical Malpractice Insurance is essential for a variety of industries each with their own unique set of risks, there is no one size fits all policy. The cost of Medical Malpractice Insurance will vary depending on the nature of the work you carry out and the services you provide.
Therefore, the best way to ensure you have adequate cover is to talk to an experienced adviser who is an expert in placing insurance in your sector.
At Barnes Commercial, we get to know our clients, so when we speak to our panel of insurers we can liaise on your behalf to gain a competitive quotation for tailored cover that will protect your business from the commercial risk you may face.
To talk to one of our expert advisers about arranging Medical Malpractice Insurance, you can call us on 01480 272727 or fill in our , and we will be in touch.
Is Medical Malpractice Insurance the same as Professional Indemnity Insurance?
Professional Indemnity Insurance will cover you should a client claim they suffered a financial loss as a result of following your professional advice or using your professional services. Professional Indemnity Insurance covers you for any mistakes you make in your work, including bad advice or inadequate services.
Medical Malpractice Insurance is a form of Professional Indemnity Insurance, but whilst Professional Indemnity Insurance only covers instances of financial loss to clients, Medical Malpractice Insurance covers you for claims arising from instances like physical injury, disease, disability, sickness, or death.
Therefore, most Professional Indemnity Insurance policies will not provide sufficient cover for the risks associated with being a medical professional. Instead, you’ll need a specialist Medical Malpractice Insurance policy.
Why choose us?
- Exceptional service – we understand the insurance needs of medical professionals and can offer reliable, impartial advice
- Reassurance – as an independent broker we are completely impartial, making our recommendations a credible choice
- Freedom from worry – we help you to manage your risk so you can focus on your business
- A personal approach – your dedicated account executive is available whenever you need advice
- Tailored solutions – you get the right cover for your needs
- We partner with A rated insurers – you receive a range of market-leading insurance products you can trust
- Here to help with claims support – on hand to answer your questions and offer guidance for a fast and fair outcome
- Flexibility – we may be able to arrange competitive finance to spread the cost monthly, through our partnership with Close Brothers Premium Finance
Contact us today
"*" indicates required fields