Medical Practitioner Indemnity Insurance - Tego

Medical Practitioner Indemnity Insurance

Not all insurance policies are the same. Tego is the medical professionals’ trusted choice for medical indemnity insurance in Australia. We have competitive premiums, 24/7 medico-legal advice and more.
Tego offers medical practitioners in private practice personal medical indemnity insurance with a wide range of advantages.

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 

Request a quote

Call or use our online form to request a quote or get a quick estimate.

What’s covered in Tego’s medical practitioner indemnity insurance?

Medical indemnity insurance is a vital component of a long and successful career. Things can go wrong and you need peace of mind that you have the best possible cover in place when you need it.
We tailor our medical indemnity insurance for medical practitioners so our pricing reflects your individual risk profile to ensure you have the right protection in place and you’re paying a fair premium.
Your Tego medical indemnity insurance includes:
  • 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
  • Defamation
  • Employment disputes
  • Practice and staff cover
Professionals we cover include:
  • Anaesthetists
  • General practitioners
  • Obstetricians
  • Ophthalmologists
  • Orthopaedic surgeons
  • Physicians
  • Psychiatrists
  • Radiologists
  • Surgeons

Why choose Tego for your medical indemnity insurance?

Our security

Tego’s medical practitioner indemnity insurance is underwritten by Lloyd’s of London.  Lloyd’s is the world’s leading insurance and reinsurance marketplace. Through the collective intelligence and risk-sharing expertise of the market’s underwriters and brokers, Lloyd’s helps to create a braver world.

The Lloyd’s market does this by sharpening the insight to anticipate and understand risk, and the knowledge to develop relevant and innovative forms of insurance for customers globally.

Lloyd’s offers the efficiencies of shared resources in a marketplace that covers risks from more than 200 territories, in any industry, at any scale.

Lloyd’s promises a trusted partnership – helping people, businesses and communities to recover in times of need and build resilience for the future. Lloyd’s is a 330-year old start up, founded by a few brave entrepreneurs in a coffee shop. Three centuries later, the Lloyd’s market continues that proud tradition – sharing risk and inspiring courage everywhere.

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, you get access to dedicated medico-legal 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.

Request a quote

Call 1300 834 683 or request a quote, and one of our representatives will be in touch.

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.

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David Moore, Obstetrician, Gynaecologist & Fertility Specialist

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.

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Dr. Benjamin Olesnicky Anaesthetist

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.

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Dr Alina Zeldovich, Ophthalmologist & Co-Founder Beamers

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.

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Dr. Johnny Levy Medical Director, Primary Health Care Limited

We insure the following

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.