Errors & Omissions Insurance Coverage for medical establishment
It is an insurance policy underneath which can also sign in viz., Hospitals/Nursing. Home anywhere in India may be for Professional errors & Omissions. The Policy will indemnify the insured in admire of any act committed with the aid of the specialists or certified assistants named inside the proposals engaged within the clinical institutions which upward thrust at any third-party legal liability. Such activities might be part of the declared scientific activities of the establishment.
Who are the eligible Medical Establishments?
- Hospitals 2. Nursing /convalescent Homes 3. Medical Homes 4. Homes for the physically disabled.
What are the minimum criteria applicable for the above coverage?
- There need to be at least 10 inpatient beds.
- A Fully prepared operation theatre of its very own.
- Fully qualified/unqualified Nursing team of workers.
- Fully certified doctors / Doctors have to be in -rate round the clock.
- Should be registered with ready authority as consistent with the nearby rules.
Are the Doctors of the Medical Establishments included under the above policy?
This coverage indemnifies the Errors or negligence dedicated by way of the qualified Doctors of the above establishments within the hospitals but now not individually. Due to the mistake of any Doctor or Nurse, they will be protected below the above policy. Furnished that the grievance is filed in opposition to the insured i.E. The Medical Establishment.
What are the Premium Rates?
As the premium amount includes:
- The price of Basic premium for evidence. I nd is @Rs3 /-according to thousand.
- The top rate relevant for inpatients is @Rs5 /-according to inpatient.
- The rate of the premium applicable for outpatient is @Rs1 /-in step with an affected person.
- The rate of premium applicable for the insurance of unqualified staff is 7.5 % on the amount of fundamental top rate.
- Govt. Tax applicable is on the full amount of top rate as applicable.