Insurance for Podiatrists

Safeguarding your profession with suitable insurance products

Insurance for Podiatrists

Despite having the best training, podiatrists cannot discount the possibility of something going wrong when administering treatment. There may be people who will claim that you committed medical malpractice even if you did not. In addition, there are emergency expenses that you might incur for your clinic. 

Whatever type of risks, you need to be open to different insurance cover options so you will be protected from liability claims and related expenses. Especially if you employ many members and service a lot of people, you have to know more information on how you can improve your business’ risk management in Australia.

Main Insurance Protection for Podiatrists

Insurance for professional indemnity / Medical Malpractice and public liability is a must for every worker in the healthcare profession. In fact, the Podiatry Board of Australia is even mandating that all practicing podiatrists should have a policy for professional indemnity.

Professional Indemnity / Medical Malpractice

Let’s say you did a treatment, and your client complains and sues you for cutting them. You can turn to your professional indemnity / medical malpractice policy that may cover for mistakes on the advice you provide, the cost that comes with a legal battle.

Public Liability Insurance

As a podiatrist, you are liable for any third-party injury or damage arising from conducting your business even in your customer’s home. This can be incidents like slips and falls.

Product Liability Insurance

Part of your work you sell or supply products. Product liability insurance may protect you from any personal injury or damage caused by your goods. If a client makes a claim against you for developing an irritation, product liability insurance may cover the compensation costs.

Other business insurance products for Podiatrists

Risks for Podiatrists and the entire health industry are not only related to practice but to business operations as well. Get covered by other business insurance on top of the above mentioned policies.

Management Liability

is specifically for private companies and covers claims of wrongful management, employment practices breaches (wrongful dismissal or discrimination actions), crime (theft by employees or third parties), tax audit and statutory fines and penalties.

Business Insurance

This protects your business, covering equipment and property damage from accidents, losses due to theft, fire, glass but not limited to. You may also want to consider Business interruption, for the potential loss of income, under certain sections of the business policy.

Tax Audit Insurance

Whether you run a small or large business or work as a contractor. This insurance will cover your business for tax auditing by the ATO.

Cyber Insurance

If you maintain a website or a digital record of your customers’ personal information, especially online, you are at risk of a data breach. This policy covers you from data theft.

Workers Compensation

Workers’ compensation is vital to help cover costs related to an injured employee during business hours.

Personal Accident and Illness Insurance

This insurance is for every individual who is taking the time to recover from an injury or illness and unable to work.

Get in Touch with Sparrow Insurance

Let Sparrow Insurance assist you with arranging a suitable insurance policy. We’ll be happy to provide insights on what product works for your specific requirements.

Request insurance quotes online now.

FAQs

Is there insurance to cover podiatry equipment?

Insurance can range depending on the need of the podiatrists. Normally, equipment insurance is part of the generic business insurance policy.

Is having a run-off cover insurance beneficial for podiatrists?

Yes, it is. It protects the podiatrists even though they have ceased or sold their practice.