Traditionally medical professionals have relied on the defense unions to provide them with indemnity cover. However the “indemnity” provided by the defense unions is on a discretionary basis - there is no guarantee that a claim will be paid - and if a claim is declined there are no rights of recourse or appeal via a regulator.
In 2010 the MDU were promoting revisions to the discretionary basis of the scheme saying “You are not allowed to insure your house or your car with discretionary indemnity and it is unthinkable that discretionary indemnity remains acceptable for clinical negligence.”
However shortly after this they reversed this philosophy and went back to a fully discretionary basis of cover leaving uncertainty for practitioners - not only on the cover but also on the open-ended question of funding for future claims payments made by the scheme.
All Med Pro place risks with all of the main markets for medical malpractice cover and have also established a scheme with an ‘A’ rated insurer - one of the leading specialists in Medical Professional Indemnity - to provide practitioners with contract certain indemnity insurance.
The scheme provides ‘Contract Certainty’ on a ‘Claims Made’ basis which means there is a legally binding insurance contract in force where terms and conditions are set out in print from the outset.
In 2010 the MDU were promoting revisions to the discretionary basis of the scheme saying “You are not allowed to insure your house or your car with discretionary indemnity and it is unthinkable that discretionary indemnity remains acceptable for clinical negligence.”
However shortly after this they reversed this philosophy and went back to a fully discretionary basis of cover leaving uncertainty for practitioners - not only on the cover but also on the open-ended question of funding for future claims payments made by the scheme.
All Med Pro place risks with all of the main markets for medical malpractice cover and have also established a scheme with an ‘A’ rated insurer - one of the leading specialists in Medical Professional Indemnity - to provide practitioners with contract certain indemnity insurance.
The scheme provides ‘Contract Certainty’ on a ‘Claims Made’ basis which means there is a legally binding insurance contract in force where terms and conditions are set out in print from the outset.