As a Psychiatrist working in private practice, you are exposed to the possibility of legal action being taken against you in respect of your legal responsibility for personal injury arising during the course of your treatment. Our bespoke Psychiatrists programme caters for professionals who are seeking alternative quotes from private insurers or who have had previous claims.  

Claims in respect of these liabilities can be expensive to defend and even more costly if you are found legally liable. Your Psychiatrist indemnity insurance, or Medical Defence Union cover should protect you against losses by providing you with insurance in respect of compensation and costs awards made against you and the defence costs of any claim. However in many cases, privately arranged indemnity insurance is often found to be more favourable in cover options, flexibility and premiums. Private Insurance Vs Medical Defence Unions for Psychiatrists Indemnity Insurance

Generally speaking, defence unions offer membership, which is discretionary cover in the event of a claim.  This means that should a claim arise, the union will review the matter internally and decide whether they should indemnify you (it is also worth noting that your membership fees for the next year will dramatically increase as a result of the notification of a claim/complaint against you).  

Private Insurance programmes arranged by Servca for example are based on Contract of Insurance, which is a legally binding contract, backed with ‘A’ rated security and optional run off extensions. Further, as part of our offering – we launched ServCare Medical Defence Union to give you all of the benefits of a Medical Union, including legal representation, regulatory and employment support.  Please refer to the ServCare Medical Union.  

Click here for your instant quote indication with our NIL excess bespoke indemnity policies for Psychiatrists. 

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