“If you’r in the medial industry…you need this cover”
MEDICAL
MALPRACTICE
INDEMNITY
The
Need
Given the nature of the procedures
performed by medical professionals,
and the multitude of scenarios where
negligence or an accident may
occur, it is essential that individuals
working in the medical industry have
insurance should anything go wrong
as a result of their actual or perceived
negligence or malpractice.
As South Africa becomes an
increasingly more litigious society,
so
medical
practitioners,
and
establishments performing medical
procedures, will provide a more
active source of litigation to the legal
profession. This trend is compounded
by the high earnings potential of such
claims for lawyers. The result is that
the number of medical malpractice
claims, in excess of R5m, has rocketed
by 900% over the past decade. The
new Consumer Protection Act (CPA),
which came into force on 01 April
2011, only further increases medical
professionals’ exposure due to the
stringent requirements of the Act,
as well as heightened consumer
awareness.