At Matrix Insurance, we understand that operating a business in the medical or allied health field is complex and challenging, where a simple act, error or omission can be enough to spark a claim against the business or the professional rendering the services. Medical Malpractice Liability insurance can protect you as a healthcare professional from claims arising from the healthcare services you provide.

What does Medical Malpractice cover?

Medical Malpractice Insurance is one type of professional liability insurance which protects physicians and other licensed health care and allied health care professionals from liability associated with wrongful practices resulting in bodily injury, property damage, medical expenses, as well as the cost of defending lawsuits related to such claims. Medical malpractice insurance not only covers bodily injury or property damage claims, but can also respond to liability for personal injury such as mental anguish.

The most competent professional can make mistakes and should protect against that possibility. Even Professionals who make no mistakes can be sued and defending a malpractice lawsuit is often expensive even when the defendant wins. The costs can include legal fees, expert witness fees, other expenses and, if a case is lost or settled, the payment/settlement. Since the cost of defence is high and a loss can be devastating, this insurance product is essential to every practice.

For medical, health and allied professionals, Matrix Insurance can assist by arranging policies that are tailored to ensure extensive coverage for items such as:

  • Breach of duty (including duty of confidentiality)
  • Defamation
  • Loss of or damage to documents
  • Dishonest/fraudulent/criminal or malicious acts (vicarious liability cover)
  • Infringement of intellectual property
  • Claims Investigation Costs (defence costs & expenses) paid in addition to the Policy Limit for Australia & New Zealand jurisdictions
  • Advancement of claim investigation costs

Medical malpractice insurance coverage should be obtained for yourself, your entity and your employees.

Coverage is needed for the individual professional as they are rendering the professional services. If a corporation is involved, it can usually be reached in a malpractice suit because employers are held liable for the acts of their employees. It is important to protect the entity because it holds your business assets such as equipment and accounts receivable. It is important to cover your employees or to require that they maintain their own coverage to assure that their assets are protected.

If you would like more information or a quotation for Medical Malpractice Insurance please contact us on 08 6555 7742 or complete the quote request form and we will get back to you shortly.