Medical negligence or malpractice is a failure to exercise an accepted standard of care in medical professional skills or knowledge, resulting in injury, damage or loss.
The medical profession has for decades been exposed to the full brunt of litigation. In response, the UK and the US – where multi-million dollar medical malpractice lawsuits are commonplace – have developed highly sophisticated insurance markets and claims management processes.
In Asia, medical malpractice claims are now on the rise in countries like Singapore and Malaysia where society in general is more aware of its rights and, as a result, becomes more litigious leading to an increased number of legal suits being lodged against medical professionals. That increasing risk has resulted in a growing market for insurers and where there are more medical professional liability products available.
Typically, our Medical Malpractice programme insures our customers against claims for Medical Incidents, Legal Representation at an Inquiry and Vicarious Liability. Furthermore, we automatically cover the following:
- Good Samaritan Acts
- Intellectual Property Infringement
- Loss of Documents
- Newly Acquired or Created Subsidiaries
- Run Off Cover
- Emergency Defence Costs
- Advanced Defence Costs
Further option for extensions are:
- Fraud & Dishonesty
- Privacy Infringement
- Molestation Extension
- Clinical Trials
Whether it is Medical Malpractice or Liability for Accountants, every product we arrange is tailored to meet the needs of each client, including any country-specific requirements. We also offer a broad array of additional covers, including General Third Party Liability, Employers’ Liability, Ethical Committee exposures and Clinical Trials risks. This ensures we can provide the most extensive of coverage.