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Whether you are an allied health clinic, medical practice, pharmacy or private hospitals, medical insurance can help protect you, your business and employees.
Whether you are an allied health clinic, medical practice, pharmacy or private hospitals, medical insurance can help protect you, your business and employees.
Depending on the nature of your business and its set-up, some of the key risks you face could include liability for mistreatment of patients, lost patient results or incorrectly dispensed medication, as well as the potential for damage to be caused to your premises, equipment and other assets, or data compromised in a cyber-attack.
All health practitioners must have medical indemnity insurance and there are a range of medical insurance policies available to help protect you, your business, products and employees.
The exact cover you can receive depends on the policies that you take out. But to give you an idea, here are some of the policies a health practitioner may consider:
Whether you’re running a pharmacy, private hospital medical centre or allied health clinic, in an industry with complex risks where no two businesses are alike, a range of flexible and customised insurance covers are required to protect your business, staff, assets and patients.
Some medical insurance in Australia such as indemnity insurance, medical malpractice and workers’ compensation (if you have employees) are mandatory.
Every insurance policy is different. Our brokers can help you compare and tailor a medical insurance quote to ensure you are adequately covered.
One of the MRI machines at Susan’s medical imaging practice broke down and was unable to be repaired. Unfortunately, due to supply chain issues it took over six months to get a replacement machine shipped and installed.
Susan had taken out business interruption cover as part of her business pack insurance, not only was the cost of the new machine covered, but Susan was also covered for lost income.
Exclusions, the excess you need to pay, and limits of liability can vary greatly depending on your insurer and the requirements of your business.
Our brokers can help you compare medical insurance policies and tailor a professional indemnity insurance quote to ensure you are adequately covered.
Medical indemnity insurance is designed to protect businesses that give health care advice or services to patients.
If a patient claims a mistake that your business made caused them injury or financial loss, professional indemnity insurance covers the cost of your legal defence and damages you must pay.
Public and products liability insurance can cover claims against you if it’s found that a negligent act by your business or its products results in personal injury or property damage.
We know that navigating the world of medical insurance can be complex and confusing. Even if you don’t know the first thing about insurance, we provide the expertise and support to help you understand your risks so that you can focus on your business.
When it comes time to make your first employee hire, you’ll be legally required to take out workers’ compensation insurance. You should also consider taking out a form of back-up workers’ compensation insurance called employers’ liability insurance. This is because it’s possible for an employee to suffer an illness or injury that is job-related yet not covered under a standard workers’ compensation policy Employers’ liability insurance can cover for these type illnesses, injuries and fatalities.
Even if it’s not a legal requirement, to be an employer of choice, you could have employers’ liability insurance as an additional benefit if you want your employees to have better cover in the event of an employee suffering a misfortune.
The cost of medical insurance depends on factors such as your industry, how many patients you deal with, how much you want to be insured for and how risky your work is.
There are several factors that can impact the cost of cover – so this amount could be higher or lower depending on your circumstances.
Our brokers can help you compare professional indemnity insurance policies and tailor a quote to ensure you are adequately covered for your needs.
Protection for your business, premises, contents, stock, equipment and reputation.
Business Interruption Insurance protects your business’ ability to keep on running when unexpected interruptions such as property damage occur.
Workers Compensation Insurance is designed to cover an employer’s liability for wages, and rehabilitation and medical benefits payable to an employee who is injured or sick while at work.
Call us on 02 4969 8100 or request a call back.
We know that navigating the world of insurance can be complex and confusing. Our brokers compare the myriad of insurance options on the market for you, providing expert advice to implement your chosen plan.
We empower thousands of Australian businesses to focus on what they do best, knowing they’re protected against any possible eventuality.