Whether you're an occupational therapist, optician, speech pathologist, nutritionist, or many of the other types of allied health workers, you are susceptible to the risk of making a mistake or omitting appropriate advice or treatment.
An allied health professionals are vulnerable to risk simply because they serve patients just like Medical Practitioners do. If a client decides to take legal action against you, the cost of defending the matter can quickly drain your finances and could even force you into bankruptcy!
Who does it affect?
If a patient issues a claim against you and accuses you of making a damaging or negligent error, what's the likelihood that you can defend yourself? If the court rules in favor of the plaintiff how do you plan on paying the financial damages? Will it affect your career or reputation?
While physicians and other healthcare professionals can rely on compulsory medical defence cover in the case of litigation, allied health professionals are not forced to take cover. We strongly recommend they do.
All Allied Health Professionals are at Risk! It is extremely important to manage your risk.
Why is it useful?
Allied health professionals should be able to treat their patients without needing to worry about litigation.
All allied health professionals need to obtain some form of Medical Malpractice Insurance. This coverage provides coverage for actual or alleged errors, omissions, negligence, breach of duty or similar claims arising from your professional duties. It also can provide cover for a breach of Privacy and Health Records legislation, Intellectual Property Infringement, Breach of consumer laws, legal representation at official enquiries and allegations of dishonesty. Further, Public Liability cover picks up those liability claims not directly related to your profession but arising from carrying out your activities. For instance if a patient is injured slipping, tripping or falling over whilst visiting your rooms.
Fortunately certain insurance companies provide specialist policies that focus on protecting allied health professionals and combine the two risks into one package especially tailored to your specific occupation and duties. An Allied Health Medical Malpractice combined liability insurance is one of the ways that you can protect yourself and your practice from the costs in firstly defending the matter and then if necessary settling the matter.
Taking out insurance is really about transferring risk to an insurance company, but it is also possible to reduce risk by carefully managing it using good systems and protocols.
Who can help?
It is important to work with professionals who understand your industry and your insurance needs. By teaming with a broker who understands your profession you will be able to know more about these policies and conditions relevant to you. Contact a specialist insurance broker such as Cooper Professional Risks Pty Ltd.
An insurance broker's role is to act as your representative and work in your interests, seeking the best cover at the best price for you from market knowledge.
So call a good Insurance Broker. Call CPR.- Experts who will save you.