Medical Malpractice for Healthcare Professionals
This overview is not a summary of any insurance product, and you should have regard to the precise terms and exclusions of any quotation and the contract of insurance provided by the various insurers which will always accompany every quotation.
Natmed Medical Defence (Pty) Ltd offers medical practitioners affordable, claims-made cover through South African registered insurers, such as Constantia Insurance Company Limited, AIG South Africa Ltd and The Hollard Insurance Company Ltd, who provide contracts of insurance to clients, in accordance with the Short-term Insurance Act. To ensure peace of mind, especially considering large baby-related claims, the cover offered through Natmed Medical Defence is not discretionary. Each policy details the relevant indemnity limits (up to R60 million in the aggregate per annum, for individuals), as well as the precise terms and exclusions of your cover.
In addition, the policy provides, on application, a free extended reporting period upon retirement, for an initial period of three years. You can thereafter extend this cover annually on application to cater for possible claims such as claims for infant patients who only claim when they reach the age of majority and also to cover your estate (subject to prevailing underwriting criteria and, if required, payment of additional premiums to the insurer – although insurers haven’t charged for this before).
To further assist you with covering future claims, any adverse or unusual events which may give rise to claims that are notified to us when they occur during any period of insurance (even if you do not feel that you were at fault) are covered in future, irrespective of when any claim in respect of those events is actually made against you. These adverse or unusual events can be reported using our secure, online incident-management system.
If you are not aware of any adverse or unusual events and therefore there is no notification when they occur and a claim is lodged for an event that took place whilst you are insured through us, then that claim will fall under the period of insurance in which the claim is actually lodged (which could be years after the event) subject to the terms and exclusions of the policy in force at the time when the claim is made. There will however be no cover if known adverse circumstances, events or the claims were not notified during the period of insurance when they occur, or during any extended reporting period of the cover obtained through us.
Natmed Medical Defence has 23 years experience in short-term insurance, with sound risk management and online systems that support policy transactions, administrative and claims or incident management 24-hours a day. Besides immediate access to our internal legal team, litigation is handled by experienced attorneys, such as those on the disputes and litigation team at Norton Rose Fulbright, and other large law firms, to ensure that you always have timeous and effective legal assistance in the event of a claim, a complaint or any issues with the HPCSA.
You can request insurance quotations at www.Natmed.mobi, where premiums are calculated by the insurer for each individual and tailored to you and your practice.
As the most specialised medical malpractice insurance brokerage in South Africa, we have dedicated the past 18 years to developing and refining the medical malpractice products obtained by Natmed Medical Defence from various insurers. We are relentless in our conviction to improve the industry for the benefit of all, especially improving patient safety.
In this respect, we are more than a brokerage. We develop programmes designed to actively influence positive behaviour in the industry, which assists in managing the costs of malpractice premiums and of medical schemes, effectively limiting cost inflation whilst backing up this work with meaningful support and educational programmes for you.
As ambitious as this over-arching goal may be, we have successfully introduced the following practical mechanisms to achieve this, including:
The combined effect of these projects, mechanisms and educational programmes is designed to improve industry performance positively, aimed at limiting any negative impact of medical malpractice premiums and tariffs, and ensuring that specialists, such as obstetricians, are retained in the professions where they are needed.
Quotations can be requested and cover can be managed actively, using our complete transactional system at www.Natmed.mobi where the policy terms can be found.
Administration: 0860 NATMED (628 633)