Doctors’ Professional Liability Insurance Nuances
November 18, 2015
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Sad as it may sound adequate coverage for doctors’ professional liability insurance can hardly be found in Ukraine.
Although such product is widely used abroad, the insurance companies in Ukraine refrain from offering it in the national market.
Medical institution liability insurance stipulates that if the doctor makes professional mistake, the insurance company will cover the sums due to the injured third parties.Medical institution liability insurance stipulates that if the doctor makes professional mistake, the insurance company will cover the sums due to the injured third parties.
One the one side, this insurance policy is no different than professional indemnity insurance designed for lawyers or accountants. However even the private clinics let alone the public facilities in Ukraine do not rush to let go of their money. One of the reasons is the absence of successful precedents of court rulings admitting a doctor’s mistake.
On the other hand, in the light of national realities in medical care, European insurance companies do not want to assume the risks. Therefore weak demand combined with lack of supply impedes the development of this type of liability insurance.
Unfortunately the key to the solution is not limited by the insurance sphere alone. Both health care and judicial systems of our country require profound transformation
However the fact that European insurance companies are already willing to consider the particular enquiries from private medical facilities is definitely a good sign. Therefore the companies which really need insurance coverage have real chance to find it in Ukraine.
It’s worth remembering that correct enquiry for insurance coverage is essential. Since there is no actual competition insurance companies tend to be quite picky. Unfortunately a lot of Clients have no idea which factors are crucial for the insurers. Therefore they either provide insufficient information or, on the opposite, give out too many facts. As the result they do not get the necessary terms and conditions or are denied coverage altogether.
To sum it up, correct comments in the insurance application guarantee half the success.
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