Friday, October 5, 2007

Professional Insurance

Professional Indemnity for Medical Practitioners

Professional indemnity for medical practitioners is of great importance in today’s world. Under this policy, all registered medical doctors and other practitioners have the benefit to get damages coverage against any loss or omission during the course of service provided to the third party. Moreover, it also means that a doctor or his assistant with whom risk coverage has been taken come under the net of insurance and will be compensated in case of loss occurred. However, for claiming the insurance coverage, applicants have to move to legal jurisdiction or courts. Sometimes, insurance companies also agree for a mutual settlement, if the insurance liability is provided under the agreement or policy.