Business
Medical Indemnity
Insurance for companies
that provide health care services
MIGA’s Business Medical Indemnity (BMI) insurance is for organisations that provide health care treatment, advice and services. BMI provides insurance protection for claims that may be made against the company.
Examples of organisations that may need BMI are medical practices or clinics, health care centres, radiology practices, pathology practices, locum services and day hospitals/surgeries. This list is not exhaustive – if your organisation is in the health care sector you may need BMI insurance!!!
MIGA can insure both the company and the doctors who work for it under an attractive group arrangement with a range of benefits and services. There are significant advantages in each having their insurance with the one insurer. Key benefits are that it minimises the risk of claims not being covered and you may save on premiums.
The BMI checklist
What is Business Medical Indemnity
(BMI) Insurance?
If you answer “yes” to any or all of the following – you may be taking a significant risk in providing health care services without BMI insurance.
Have you established a company for the purpose of providing health care advice, service or treatment?
Does the company employ or contract health care professionals, including doctors, other professional staff and support staff? Are your professional staff, including doctors insured by different insurers? Do you know the scope of their cover?
Does the company provide health care services via separate companies and/or locations?
Does the company employ administrative staff to support the doctors and other professionals in the practice?
Does the company engage locums and other temporary staff to work for it?
Does the company provide services to doctors and other health care professionals for a fee?
Does the company lease its facilities to other health care professionals?
Does the company own or lease machinery and/or medical equipment to provide the services (e.g. diagnostic equipment)? If you are a doctor who owns a medical practice read our brochure “Does your practice need BMI insurance?” for more information about why you may need additional insurance cover. Available via our website at www.miga.com.au.
Don’t wait until you have an uninsured claim
to find out you needed BMI insurance.
How do you know if you need
BMI Insurance?
The types of organisations that will need their own insurance include: – Corporate entities providing health care treatment, advice or
service that employ and/or contract a range of health care professionals in providing services
– Companies owned by doctors that employ staff (including doctors and allied health care professionals) and which provide a broad range of services (particularly those that provide services beyond each doctor’s area of medical practice)
– Companies that employ or are owned by a number of doctors who are insured with different insurers.
Complex business structures through which health care services are delivered are increasingly common and can often give rise to unexpected liabilities that are not always covered by individual medical indemnity insurance policies arranged by doctors.
Unfortunately, this can result in unintended gaps in medical indemnity insurance that are easily covered by BMI insurance.
Insurance for companies that provide health care services
Business Medical Indemnity
What does BMI cover?
BMI provides cover for legal liability arising out of acts, errors or omissions relating to the provision of health care treatment, advice or service in the course of business. It includes cover for:
– Claims for compensation and the costs incurred in defending or investigating claims
– Expenses incurred in defending a prosecution or responding to inquests, inquiries, investigations or complaints arising from the provision of the health care services.
BMI insurance covers the liability of the company or practice entity, its subsidiaries and their employees including health care professionals such as nurses, technicians and the like (other than employed doctors*). Cover is also provided for vicarious liability for the acts of employees, including employed doctors and contractors, consultants and agents.
*An optional extension is available to cover employed doctors directly under the BMI insurance or alternatively doctors can maintain their own insurance and BMI will cover the company or practice over and above the individual doctors’ policies.
If the company employs doctors and they wish to maintain their own individual medical indemnity insurance cover, MIGA can offer a tailored group insurance arrangement for them that dovetails with the BMI insurance. The advantage of this is that each doctor can maintain their own insurance but they have access to more benefits, competitive premiums and broader cover via a group arrangement.
MIGA’s BMI insurance policy and our cover for individual doctors are complementary products; we can offer you either one or both.
Other services offered by MIGA
Organisations insured with MIGA have access to our unique and extensive package of services specifically tailored to the health care sector, including: – Advisory assistance including 24 hour emergency medico-legal support
across Australia
– Risk management training, education workshops, advisory services, support and materials
– Claims, general medico-legal and below deductible advisory services – Bi-monthly Bulletins – with information about medical indemnity, claims
trends, case studies and risk management tips
– A range of on-line claims and risk management resources. Some services may be subject to a separate fee.
Why choose MIGA?
MIGA offers a unique package of services which are quite different to traditional insurers in Australia.
We have more than 115 years of experience in medical indemnity and we offer claims and risk management services specifically tailored to the health care sector.
As a specialist insurer to the health care profession, MIGA provides medical indemnity insurance and a range of claims and risk management services to thousands of doctors and medical students Australia-wide.
If you are looking for an innovative provider of medical indemnity insurance and services that genuinely cares for and supports its policy holders we encourage you to consider insuring with MIGA.
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About MIGA
MIGA is a specialist insurer offering a range of medical indemnity insurance products and associated services to the health care profession across Australia.
Our Head Office is in Adelaide and we have branch offices in Brisbane, Melbourne and Sydney.
We are committed to providing high quality and affordable medical indemnity insurance and services and to maintaining MIGA as a leading provider of medical indemnity insurance in Australia.
Medical Insurance Australia Pty Ltd, our insurance subsidiary, is licensed and regulated by APRA. We are also a member of the Insurance Council of Australia and the Financial Ombudsman Service.
MIGA has voluntarily adopted the general insurance industry Code of Practice (the Code) and has a Service Commitment which reflects our genuine desire to be open, caring and honest in our relationships with our clients.
Would you like more information?
1800 777 156
Call our friendly staff. They can provide you with personal advice relevant to your situation and provide you with a quote over the telephone.
or
www.miga.com.au
Visit our website where you will find case studies designed to help you understand how Business Medical Indemnity insurance can protect your company. The Case Studies cover a range of scenarios that could exist within your organisation, including:
• Renting rooms • Faulty equipment • Practice systems
• Liability for the actions of staff
• Contracting to provide medical services.
Insurance for companies that provide health care services
Always
on your side
Contacting MIGA
National Free Call: 1800 777 156
24 hour emergency medico-legal advisory service (08) 8238 4444 Website: www.miga.com.au Email: miga@miga.com.au Head Office
Level 9, Optus House
431-435 King William Street, Adelaide, 5000 PO Box 1223, Unley DC, South Australia 5061 Telephone: (08) 8238 4444 Facsimile: (08) 8238 4445 Branch Offices Brisbane (07) 3025 3259 Melbourne (03) 8862 6303 Sydney (02) 8860 9525
Insurance policies available through MIGA are issued by Medical Insurance Australia Pty Ltd. MIGA has not taken into account your personal objectives or situation. Before you make any decisions about our policy, please read the Policy Wording and consider your own needs. Call MIGA for a copy.
