Medical Practitioner Indemnity Insurance
Consider these benefits*:
- Unlimited retroactive cover, giving you peace of mind for prior practice.
- No policy excesses.
- Policy matching – like-for-like terms with your previous year’s policy if there is any difference in cover.
- A discounted premium plan for your first four years in private practice.
- Lock in your premium – in your first few years of private practice you may not have an accurate estimate of your likely billings. Tego will accept your best estimate and not apply any mid-term or retrospective increases if your estimated billings change during the year.
- No hidden costs – Tego has no membership fees, cancellation charges or mid-term billing increases.
- Tailored pricing – your premium is customised to reflect your individual risk profile and the proportion of your work in different specialty areas.
- *Benefits may vary and subject to underwriting review
What’s covered in Tego’s medical practitioner indemnity insurance?
- Unlimited retroactive (tail) cover
- No policy excesses
- Civil liability cover
- Investigations & complaints
- Tax audits
- Medicare audits
- Health fund inquiries
- Coronial inquests
- Privacy breaches
- Telehealth services
- Needle-stick cover
- Employment disputes
- Practice and staff cover
- General practitioners
- Orthopaedic surgeons
Why choose Tego for your medical indemnity insurance?
Tego’s medical practitioner indemnity insurance is backed by Berkshire Hathaway Specialty Insurance (BHSI), one of the biggest, most-respected insurance names globally. We’ve collaborated closely with BHSI to offer value-for-money premiums and a 24-hour legal advice support service to provide expert guidance whenever you need it.
BHSI is a strong, trusted insurance partner that believes in simplicity over complexity, responsiveness to a changing healthcare landscape, and results-focused, cost-effective claims management – all values shared by Tego.
Berkshire Hathaway’s National Indemnity Company holds $US388 billion in total admitted assets and $US242.8 billion in policyholder surplus (source: March 2022 balance sheet). BHSI’s large, stable balance sheet means you can have the utmost confidence in BHSI’s ability to pay covered medical practitioner professional indemnity claims – no matter how complex or large.
Our product benefits
- Unlimited retroactive cover
- No policy excesses
- Policy matching –like-for-like terms with your previous year’s policy.
- A discounted premium plan for your first four years in private practice.
- A locked-in premium, based on your estimated billings.
- No hidden costs
- Tailored pricing customised to reflect your individual risk profile and the proportion of your work in specialty areas.
24/7 medico-legal support
When you contact the medico-legal support help line (1300 938 991 or email firstname.lastname@example.org), you get instant access to dedicated Berkshire Hathaway Speciality Insurance (BHSI) claim professionals who work with you to manage the complaint or claim as quickly and strategically as possible.
More information about Tego’s medical indemnity insurance
Read our medical indemnity insurance product overview here.
Here’s our product disclosure statement that has all the detailed information you need about our medical practitioner professional indemnity insurance.
Here’s our guide to discounts for those new to private practice.
To apply for Tego’s medical indemnity insurance and the Premium Support Scheme (PSS) subsidy, complete this form. The PSS is an Australian Government scheme that helps eligible doctors with the costs of medical indemnity insurance.
Tego’s medical practice indemnity insurance
Individual medical practitioner indemnity insurance doesn’t cover everything.
Yet, for many practices, it’s their sole method of shielding the business from potentially damaging claims arising from privacy breaches, employee disputes and much more.
Tego’s entity medical practice indemnity insurance is a comprehensive policy that enables your practice to operate with confidence, knowing it’s covered for:
- Services and equipment provided to doctors who rent rooms
- Administrative errors by employees, nurses and practice staff
- Practice protocol failure, such as in triaging, scheduling and recalling patients
- Privacy breaches of patients’ personal information and records.
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What our customers are saying
David Moore, Obstetrician, Gynaecologist & Fertility Specialist
Being a FRANZCOG doesn’t necessarily mean 100% of my billings comes from the high-risk practice of obstetrics; I work also in gynaecology and fertility, both of which represent a lower claims risk to me and my indemnity provider. Tego offered something no other provider did (and I asked all of them!): they tailored my indemnity policy to my actual practice. Not only was Tego’s policy equal to the best policies on the market in terms of cover and facilities, it was significantly more affordable; more importantly, it was reflective of my actual practice.
Dr. Benjamin Olesnicky Anaesthetist
The cover with Tego was more comprehensive than my existing insurer and I was pleasantly surprised to see some great savings on my premium. As a doctor passionate about patient safety and research, it’s great to see Tego support some of the projects we are running at the Northern Sydney Anaesthesia Research Institute (NSARI). Tego are attentive and treat me like an individual – not just a policy holder.
Dr Alina Zeldovich, Ophthalmologist & Co-Founder Beamers
I was very impressed with the way Tego’s underwriters assessed me on my individual merits. Once I compared the cover with my existing insurer, I realised that Tego was offering broader cover at a more competitive premium. It was an easy switch and I have been really happy with their service.
Dr. Johnny Levy Medical Director, Primary Health Care Limited
I have found the legal advice – on a range of issues – given by Tego to be very useful. All interactions have been timely, friendly and have answered my questions fully.
We insure the following
- Bariatric Surgery – (Includes work in the General Surgery specialisation but also includes Bariatric procedures)
- Cardiology – Non-Interventional (Excludes any interventional procedures)
- Cardiology – Interventional (Includes work in Cardiology – Non-Interventional specialisation but also includes interventional procedures)
- Cardiothoracic Surgery
- Colorectal Surgery
- Cosmetic Non-Surgical (Includes photodynamic therapy, minor cosmetics, resurfacing lasers (including ablative), kybella, injectables, anti-wrinkle and dermal fillers, cosmetic laser, collagen induction therapy (micro-needling), Sclerotherapy and microsclerotherapy, radiofrequency machines, superficial facial peels microdermabrasion, Belkyra, IPL/low level cosmetic laser.)
- Cosmetic Surgical (Includes cutting beneath the skin and major cosmetic procedures such as fat grafting, blepharoplasty, breast augmentation and hair transplant.)
- Doctor in Training
- Emergency Medicine
- Endocrine Surgery
- General Physician
- General Practice – Minor-Procedural (Any non-procedural or minor procedural work. Includes IUD and insertion, minor skin procedures such as excisions or punch biopsies of skin lesions, removal of ingrown toenails, shared antenatal care, injections such as immunisations (iron deficiency injections). Excludes anaesthetic, cosmetic, and obstetric work
- General Practice – Procedural (Includes Minor Procedural activities plus Procedural work. Includes regional anaesthetic, circumcision, and vasectomy. Doctors working in Skin Cancer clinics should select this category.) Excludes obstetrics unless care is shared antenatal.
- General Practice – Obstetrics (Includes Minor Procedural and Procedural & Skin Cancer activities plus general anaesthetic and obstetrics.)
- General Surgery (Excludes any Bariatric procedures)
- Geriatric Medicine
- Hospital Medical Officer
- Immunology and Allergy
- Infectious Diseases
- Intensive Care
- Nuclear Medicine
- Obstetrics & Gynaecology
- Occupational Medicine
- Ophthalmology – Non-Procedural (Excludes any surgical procedures)
- Ophthalmology – Procedural (Includes work in the Ophthalmology – Non-Procedural specialisation but also includes surgical procedures)
- Oral & Maxillofacial Surgery
- Orthopaedic Surgery (Excludes any neck or spinal procedures)
- Orthopaedic Surgery – Incl. Spinal and Neck (Includes work in the Orthopaedic Surgery specialisation but also includes any neck or spinal procedures)
- Otolaryngology (Surgery)
- Paediatric Surgery
- Pain Management
- Palliative Care
- Plastic & Reconstructive Surgery (Excludes any cosmetic procedures)
- Plastic, Reconstructive And Cosmetic Surgery (Includes work in the Plastic & Reconstructive Surgery specialisation but also includes any cosmetic procedures)
- Public And Community Health
- Radiation Oncology
- Respiratory Medicine
- Sports Medicine
- Surgical Assisting
- Ultrasound – Diagnostic
- Vascular Surgery
The cost of medical practitioner indemnity insurance can vary based on a number of factors, such as the specialty of the medical practitioner, the level of coverage desired, the claims history of the practitioner, the location of the practice and other underwriting factors specific to the individual risk profile. It is best to obtain quotes from multiple insurers to compare costs and coverage options.
Medical practitioner indemnity insurance, also known as medical indemnity insurance, is a type of insurance that provides coverage for doctors in the event of a malpractice claim or regulatory complaint or inquiry such as AHPRA, Medical Board, Coronial or Medicare. This insurance can help cover legal fees, damages, and other costs associated with a claim.
The cost of medical indemnity insurance for medical practitioners can be affected by a number of factors, including the specialty of the practitioner, the level of coverage desired, the claims history of the practitioner, and the location of the practice.
The right medical practitioner indemnity insurance for you will depend on your specific needs and circumstances. It is important to consider factors such as the level of coverage desired, the cost of the insurance, claims support and the reputation and financial stability of the insurer.
When comparing medical practitioner indemnity insurance, it is important to consider factors such as the level of coverage provided, the cost of the insurance, the reputation and financial stability of the insurer, and any additional benefits or features offered by the insurer.
Not having professional indemnity insurance can leave medical practitioners vulnerable to financial and legal consequences in the event of a malpractice claim. Practitioners may be responsible for paying damages, legal fees, and other costs out of pocket, which can be financially devastating. There are also legal requirements to hold medical indemnity insurance in order to meet registration requirements.
It depends on your specific circumstances. Some employers may provide medical indemnity insurance for their employees, while others may require employees to obtain their own coverage. It is important to check with your employer and consult with a professional insurance advisor to determine what coverage is needed.
Doctors need medical indemnity insurance to protect themselves in the event of a malpractice claim. This insurance can help cover legal fees, damages, and other costs associated with a claim, which can be financially devastating for doctors if they are not covered. Additionally, some medical boards and regulators require medical practitioners to have professional indemnity insurance as a condition of licensure.
In Australia, medical practitioners are required by law to have medical indemnity insurance as a condition of registration with the Australian Health Practitioner Regulation Agency (AHPRA) and the Medical Board of Australia. The requirement to maintain insurance is set out in the National Law, which governs the regulation of health practitioners in Australia.
The purpose of the insurance requirement is to ensure that medical practitioners are financially and professionally accountable for their actions, and to provide patients with a level of protection in the event of harm resulting from medical treatment. The insurance requirement also helps to maintain public confidence in the medical profession by demonstrating that doctors are willing to take responsibility for their actions.
Medical indemnity insurance provides doctors with financial protection in the event of a malpractice claim. Without insurance, doctors may be personally liable for damages and legal fees, which can be financially devastating. Insurance also provides doctors with access to legal and other professional support in the event of a claim, which can help to mitigate the impact of the claim on their professional reputation and livelihood.
In addition to the legal requirement for insurance, many medical professional associations also require their members to have medical indemnity insurance as a condition of membership. This requirement helps to ensure that members are held to high standards of professional conduct and provides an additional level of protection for patients.