Professional Indemnity Insurance is a mandatory condition of registration for all health practitioners in Australia. In other words you must have professional indemnity insurance in Australia if you are an allied health professional that complies with the relevant registration standard, for all aspects of their practice. Health professions include; chiropractors, dentists (also dental hygienists, dental prosthetists and dental therapists), nurses and midwives, pharmacists, optometrists, osteopaths, physiotherapists, podiatrists and psychologists.

Medical practitioners are required to hold medical indemnity insurance. All medical indemnity insurers must meet the minimum product standards that apply to all medical indemnity insurers as detailed by the Medical Board and defined in the Medical Indemnity (Prudential Supervision and Product Standards) Act 2003 (Cth).

Medical indemnity insurers include:

Medical and professional indemnity insurance is often called ‘long-tail’ insurance, which is defined as a type of liability that carries a long settlement period. This means that many years may pass between the period that cover was provided and the date when the claim is finally settled.

medical indemnity

What does your indemnity insurance cover?

Indemnity insurance in Australia is provided on a ‘claims made’ basis, which means you are required to notify your insurer as soon as you become aware of a claim (or of circumstances which a reasonable person would expect may result in a claim). Any claims made under one policy will continue to be covered by that policy even if you switch insurers.

It is also a requirement that your insurance includes adequate retroactive cover for all prior practice in Australia, so it is important you check the retroactive date under your policy (also known as “tail cover”).

Medical indemnity insurance provides financial protection to medical practitioners in circumstances where a patient sustains an injury (or adverse outcome) caused by medical misadventure, malpractice, negligence or an otherwise unlawful act. In Australia, it is compulsory for all registered health professionals to hold medical indemnity insurance under the Health Practitioner Regulation National Law Act 2009.

Tego Insurance Are Experts In Medical Indemnity Insurance In Australia.

We are Australian medical indemnity insurance providers and cover your practice with medical indemnity insurance, medical malpractice insurance, doctors indemnity insurance, gp medical indemnity insurance,, medical practice insurance, and more. If you are a health practitioner with Tego, we offer 24/7 medico-legal advice and support in regards to what you need to know about nicotine vaping products and the practice implications of the scheduling changes.

This publication is general in nature and is not comprehensive or constitutes legal or medical advice. You should seek legal, medical or other professional advice before relying on any content, and practice proper clinical decision making with regard to individual circumstances. Persons implementing any recommendations contained in this publication must exercise their own independent skill or judgment or seek appropriate professional advice relevant to their own particular practice. Compliance with any recommendations will not in any way guarantee discharge of the duty of care owed to patients and others coming into contact with the health professional or practice. Tego Insurance Pty Ltd is not responsible to you or anyone else for any loss suffered in connection with the use of this information. All content on this page has been written in a generic way, and has not been presented with any knowledge of your personal objectives or financial needs.