In Australia, it is a mandatory requirement for registered healthcare practitioners to hold appropriate medical indemnity insurance coverage for healthcare practices in Australia. Medical indemnity is a form of professional indemnity coverage defined by Australian legislation – the Medical Indemnity (Prudential Supervision and Product Standards) Act 2003 and is a type of general insurance (see Insurance in Australia). In the United Kingdom, this type of professional indemnity for healthcare practitioners is generally referred to as ‘professional indemnity’ and in the United States, medical negligence insurance. In Australia, the term medical indemnity can be used to refer to all healthcare indemnity (e.g. dental, allied health, medical), not just that provided for medical doctors. However, there are only six Australian Health Practitioner Regulation Authority (AHPRA) listed insurers that provide medical indemnity insurance cover to medical practitioners.[1]
Australian medical practitioner medical indemnity providers include:
Avant
Berkshire Hathaway Specialty Insurance Company (distributed by Tego Insurance)]
Guild Insurance Limited (oral and maxillofacial surgeons only)
MDA National Limited (MDAN)
Medical Indemnity Protection Society (MIPS)
Medical Insurance Australia Group (MIGA)
Industry bodies include the Insurance Council of Australia and the Medical Indemnity Industry Association of Australia.
Australian medical students are provided with a limited free membership to any medical indemnity provider. On commencement as a doctor and during vocational training, a heavily discounted membership provides wide access to work-related legal support through the indemnity provider. Once a training doctor has completed medical speciality training, the annual premium increases, and based on the individuals income from their medical practice. Doctors who practice wholly in public hospitals or non-clinical academics are provided with indemnity from their employer. However, it is advisable to hold a policy with a medical indemnity provider for that extra layer of protection and access to support when needed. For example, a public hospital doctor who may have conflict with their employer, will be able to seek legal support from their indemnity provider.
^Medical Board of Australia, Approved List of Insurers, http://www.medicalboard.gov.au/Registration-Standards.aspx
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