Insurance considerations for medical professionals in the COVID-19 pandemic

Insurance considerations for medical professionals in the COVID-19 pandemic

Insurance considerations for medical professionals in the COVID-19 pandemic

Professional indemnity and public liability insurance is a must for medical professionals such as doctors, who are typically covered by specialist group schemes.

But no matter which policies you are covered by, it’s important to understand how your insurance works if you are vaccinating patients against COVID-19.

Doctors will typically be covered for administering the COVID-19 vaccination in the same way they are covered for other vaccines if they are a member of a Medical Defence Organisation (MDO) such as MDA National.

But make sure to closely check the policy to understand its terms and any conditions and exclusions. MDA National indicates vaccine manufacturers are responsible for certain claims related to adverse advents that don’t involve claims of negligence.

MDA National doesn’t expect general practitioners in private practice they are already covering to advise them they are administering the COVID-19 vaccine. Although doctors working in the public hospital who are administering the vaccine outside this environment should advise the MDO so appropriate cover can be put in place.

“MDA National indicates vaccine manufacturers are responsible for certain claims related to adverse advents that don’t involve claims of negligence”

It also advises doctors who work in the public hospital system who are not an employee of the organisation to check whether they are indemnified by the hospital. Doctors who are coming out of retirement to deliver the vaccine are covered for free, says MDA National.

MDA National also recommends exploring whether a Practice Indemnity Policy may be appropriate to insure both the practice and its staff, who are typically not covered by MDA National’s policy.

Cover aside, it is important for health professionals to closely follow vaccine manufacturers’ instructions and protocols, for instance storing the vaccine at the specified temperature. This will help reduce any risks to which the GPs delivering the vaccine may be exposed.

Important note: this general information is provided to assist you in understanding some of the terms, implications and common considerations in professional indemnity and public liability insurance. It does not take into account your specific objectives, financial situation or needs. It is also not financial advice, nor complete, so please discuss the full details with your Steadfast insurance broker as to whether this type of insurance is appropriate for you. Professional indemnity and public liability insurance usually has a deductible/excess, exclusions and limits of liability. Policies differ between insurers.

To discuss your insurance considerations further you can book a free online consultation by visiting www.amainsurance.com.au. Alternatively you can call direct on 1800 262 346 or email insurance@amainsurance.com.au.

 

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