Incision Indemnity Insurance

In theory, the legal response regarding the required appropriate cover is:

“Cover against liabilities that may be incurred in practising as a doctor having regard to the nature and extent of the risks of practising as such.”

In practice, in order to comply with the GMC guidelines, consultants will need Medical Indemnity that covers the full scope of their independent practice.

Membership of Incision provides con with a comprehensive and competitive contract of insurance (not discretionary) tailored to individual practice profiles. The cover has limits up to £20m from any one claim and £40m in the annual aggregate, access to 24/7 medico-legal advice and risk management videos and articles.

Available coverage for Medical Professionals is up to £10m from any one claim and £10m in the annual aggregate.

Membership of Incision includes Medical Indemnity insurance with a “claims made” insurance policy.

Our “claims made” Medical Indemnity insurance policy will cover you for “circumstances reported” or “claims made” during the period of insurance or extended reporting period (this is run off cover in respect of death, permanent disablement or retirement from independent practice).

So, as long as you are a member at the time the circumstance is reported, or the claim is made, the claim will be accepted. This is also dependent on the incident occurring on, or after, your retroactive date and is subject to the policy’s terms and conditions.

You must notify Incision Medical Indemnity when you first become aware that a circumstance, a claim or an investigation is made against you. This must be done as soon as reasonably practicable and in accordance with the terms and conditions of the policy.

Please note that you will not be covered for claims, or circumstance arising from incidents, that occurred prior to your retroactive date. Matters that are previously known by, or have been notified to you, your prior insurer(s) or Medical Defence Organisation (MDO) will also be excluded.

Consultants work hard to deliver good quality healthcare but sometimes, even with the best experience and training in the world, things can go wrong. Often, these mistakes can have serious financial consequences for a patient, and therefore, the consultant.

If a patient has suffered harm as a result of a consultant’s negligence, it’s very important that the consultants have adequate and appropriate insurance (or Medical indemnity) to compensate the patient.

Medical indemnity insurance responds to an accusation of medical malpractice, where the medical professional service provided was allegedly substandard, and caused physical or mental harm, injury or death to a patient.

Medical indemnity insurance is designed to protect the consultants during the claims process, including any costs and defence fees arising from the claim. In cases where malpractice is proven, compensation is paid to the patient.

Sadly, our society is becoming more and more litigious and the risk of legal action against a consultant for medical malpractice is increasing every day.