Medical practices and health care organisations

MIGA offers medical practices and health care organisations the opportunity to bring their medical indemnity insurance needs under the one policy or package with one insurer.

Our Business Medical Indemnity (BMI) insurance assists medical practices and health care organisations in covering medical indemnity exposures within their business. 

BMI insurance provides protection to medical practices and companies over and above the individual policies that employed and contracted doctors have in place.  BMI insurance helps minimize the risk of gaps and protects medical practices and health care organisations against their vicarious liability for the acts of others, which can be significant, particularly in multi-disciplinary practices.

Practice structures and the business activities undertaken can lead to potential gaps in cover that can't be adequately taken care of by each doctor's individual medical indemnity insurance arrangements.

Why might our practice need BMI insurance?

The following case studies outline typical practice scenarios which may give rise to the need for BMI insurance.  They are designed to help you identify situations where you may have a gap in your existing insurance arrangements:

• Renting rooms
• Faulty equipment
• Practice systems
• Contracting to provide medical services
• Liability for the actions of staff
• Practice structure.
  

Download our information sheet 'Does your practice need BMI insurance?'.  BMI insurance is relevant to a wide range of organisations including medical practices or clinics, health care centres, radiology practices, pathology groups, locum services and day surgeries.

I think I may need BMI insurance, what next?

If you think your practice or organisation may need BMI insurance we would be happy to discuss your particular situation with you, please call us on 1800 777 156.

Group arrangements

Whether you are a suburban GP Practice with 10 doctors or a large corporate employing hundreds of doctors we can tailor a group medical indemnity arrangement for your organisation.  A group arrangement can provide cost savings and administration efficiencies for your business.

MIGA can also structure a group arrangement such that it maintains the flexibility of individual doctor policies to ensure each doctor in the group maintains access to any relevant financial support or benefits offered by government schemes (ie. Premium Support Scheme, Run-off Cover Indemnity Scheme, High Cost Claim Indemnity Scheme, Exceptional Claims Indemnity Scheme).  This should be an important consideration for the doctors in your practice or organisation.

If you would like to investigate creating a group arrangement for your practice, please contact us on 1800 777 156.