Medico-Legal Agencies indemnifying health professionals.

For a patient, the doctor is someone who restores good health from the dire situation of a medical emergency. Unfortunately, human errors cannot be completely eliminated, exposing doctors to the risk of claims from patients who have suffered a loss due to perceived or real neglect, error, or omission. In today’s litigious world, claims can pose a significant threat to the financial security of a medical practitioner. The doctors’ expertise lies in protecting the health of their patients. Medical insurance experts advise doctors on the matters of protection of their professional interests.

In the context of medical malpractice actions, hospitals can be held directly liable for their own negligence, as well as be held “vicariously” liable for the negligent actions of an employee. Vicarious liability means a party is held responsible not for its own negligence but for the negligence of another. According to the legal rule of vicarious liability, any employer (including hospitals) is liable for its employee’s negligence. So, the hospital is legally liable for any malpractice committed by a physician, nurse, or other health care providers who are employed by the hospital. Doctors are probably the only professionals who face the risk of financial liability in the course of practicing their profession. The amount they can be sued for can be very high. Doctors, therefore, require special insurance so that they can protect themselves both financially and legally when they are sued for negligence. Professional indemnity is an insurance plan to financially safeguard medical practitioners against legal costs and claims for compensation by patients in case of a legal row. Indemnity is a special contractual obligation of one party to compensate the loss incurred by the aggrieved party. The scope of Professional Indemnity Insurance is to provide cover for the extent of financial damage for the loss caused to the victim against unintentional errors and omissions by the doctor, insured qualified and nonqualified employees, and staff