Yes, Australia's Healthcare Industry is Booming

Our nation’s healthcare industry is booming.  But with this surge comes more risks and potential threats to a doctor’s practice That is why having broad and comprehensive Medical Malpractice Indemnity Insurance is a necessity in practice.

Eric Lowenstein, of Tego Insurance is on the frontline support doctors in practice and recognises the importance of having a strong medical indemnity provider. He is the CEO of Tego, a specialist in Australia Medical Indemnity Insurance and particularly Doctors Medical Indemnity Insurance. Tego’s deep understanding of the medical profession has enabled them to provide tailored cover with more choice and greater flexibility, so health practitioners can practice with confidence. 

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Eric Lowenstein the CEO of Tego Insurance

Mr. Lowenstein, who founded the firm in 2015 is well aware that with this new surge in business, medical practices from large facilities to individual medical practitioners can no longer rely on individual medical practitioners. As Mr. Lowenstein says, all practitioners need their own insurance to respond to any adverse outcomes that may arise from their patient care. He knows that many practices face risks that are too often not properly covered by a practitioners’ individual policies.

The Need for Medical Professional Indemnity Insurance

For many healthcare professionals, staff errors, practice protocols, and system failures have the potential to contribute to sub-par patient outcomes, which in turn exposes practices to complaint or legal action that fall outside of their individual policies.  Plus, while the industry is on the rise, many in the healthcare sector still do not have any cyber cover, as well as not having life science or clinical trial insurance is leading many in Australia to be underinsured.

Medical Indemnity Insurance in Australia

It’s time for a broader look at Medical Indemnity Insurance in Australia. Healthcare facilities and individual practitioners should periodically review their Medical Indemnity cover to ensure they have appropriate cover. Medical Practice Insurance in Australia is one of the most complex areas of general insurance and is often the most misunderstood. 

TEGO offers Medical Indemnity Insurance for medical practitioners and Entity Medical Practice Insurance. We have a profound understanding of the Australian medical profession and the ever-changing healthcare industry. It’s this expertise that allows us to provide leading cover with more choice, innovation and greater flexibility. Contact us to find out more.

Tego is a provider of medical indemnity insurance for doctors in Australia. Medical Indemnity insurance is a critical component of a strong career. When things go wrong, you need to ensure that you have the best doctors medical indemnity insurance in place. It’s important that you obtain a medical indemnity insurance quote to enable you to compare cover across the different medical indemnity insurers. Contact Tego today to find out the cost of medical indemnity insurance. 

This publication is general in nature and is not comprehensive or constitute 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. 

By Tego Insurance on Monday, July 8th, 2019 in General. No Comments

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