Personalized Medical Malpractice Policy
At Howden, we calculate your premium based on your unique risk profile rather than grouping you into a generic category with a set price. Every doctor’s risk is different, and your premium should reflect that. Factors such as specialty, patient numbers, patient profiles, hours worked, claim history, and your desired policy limit determine your unique premium. This approach often results in fairer pricing compared to many competitors.
Enhanced Claims-Made Protection
In Singapore, the time limit for filing a malpractice claim is generally 3 years, with up to 24 years for infant patients. Our policy provides a claims-made cover with an added benefit—an automatic 24-year run-off policy at no extra cost when you retire or cease practicing. This ensures peace of mind even after you stop working.
What Does Medical Malpractice Insurance Cover?
Medical malpractice policies vary significantly in scope. The top 10 benefits of the Howden policy include:
- Medical Malpractice Cover: Protection against all elements of a malpractice claim, including legal defense costs, settlements, and damage awards.
- Clinic and Support Staff Coverage: Extends coverage to your practice’s legal entity and staff, ensuring protection in case of a claim against them.
- Legal Representation: Covers the cost of experienced legal defense, critical for protecting your reputation.
- Singapore Medical Council (SMC) Disciplinary Inquiries: Provides coverage for legal representation during SMC inquiries.
- SMC Fines: Pays fines imposed by the SMC disciplinary tribunal arising from malpractice, making Howden the only insurer in Singapore to offer this protection.
- Good Samaritan Acts: Covers you if you assist in an emergency situation.
- Libel and Slander: Includes defense costs for allegations of libel or slander related to your professional practice.
- Claims Arising Overseas: Covers claims globally, except for the USA and Canada.
- Telemedicine: Automatically covers claims from telemedicine services, both formal and informal.
- Coroner’s Inquests: Covers costs for preparing statements and legal representation at a Coroner’s Inquest, acting as a pre-emptive defense against future claims.
Who Provides the Cover?
Howden partners with leading providers of Medical Malpractice Insurance underwriting and risk management services, ensuring top-tier support. Your policy is placed with underwriters at Lloyd’s, the world’s largest specialist insurance market, known for its A+ rating from Standard & Poor’s, AA- from Fitch, and A from A.M. Best.
