Healthcare professionals in Australia work in a wide variety of settings – including aged care facilities, medical practices and clinics, pharmacies or allied health services that visit patients at home.
Providers of healthcare services need to be proactive in managing risks. But even with top-notch risk management strategies, there is the potential for all kinds of things to go wrong in a healthcare setting.
For this reason, healthcare professionals need robust insurance policies to financially protect their careers.
Typical risks to cover include:
- Errors or negligence in providing healthcare advice which could lead to claims of harm and to lawsuits. This type of risk can be covered by a Professional Indemnity policy.
- Slips, trips or falls – mishaps such as these can lead to all kinds of injuries, and can be covered by public liability insurance or workers’ compensation for employees.
- Cyber breaches – in administering healthcare services a lot of personal and sensitive client data may be stored. This makes it essential to have excellent computer security practices and to comply with privacy legislation, as well as to have cyber liability cover in case of breaches.
- Mistakes or malpractice in providing healthcare services to clients. This is covered by a public liability / medical malpractice policy.
Failure to secure good insurance cover could lead to substantial financial costs and losses for healthcare professionals. Get in touch with your local Reliance Partner to find out more about insurance for health professionals and how it could help protect your career.