What does the insurance policy cover?

This insurance provides an indemnity limit of $500,000 in respect of each and every claim and $1,000,000 for all claims in the aggregate (the policy year). This section of the cover does not involve any excess, i.e. all claims are paid in full up to the amount of cover. Cover also includes costs awarded against you as well as your own legal costs and expenses associated with the defence of a claim or complaint.

LEGAL AND DISCIPLINARY DEFENCE COSTS: This section will cover legal costs and expenses incurred in the defence of any action or enquiry brought against you such as Medical Disciplinary Hearings, Committees of Enquiry, Court Martials, ACC Enquiries, Privacy Complaints Tribunal, Coroners Courts and the like.

LOSS OF EARNINGS: As a result of attendance at a court of enquiry because of a claim against you, you are unable to practice, the policy will pay loss off earnings up to $1,000 per week for a maximum of 13 weeks.

PUBLIC / GENERAL LIABILITY – OPTIONAL EXTENSION: $1,000,000 for any one loss Covering your legal liability to the public for bodily injury and/or damage to third party property arising from your practice activities but excluding bodily injury resulting from a treatment process – covered by Professional Indemnity/Medical Malpractice above.