In the course of practising their profession, physiotherapists perform a variety of services for their clients. This means they are exposed to risks on a variety of levels.
Typical activities that fall within their job description can include:
Professional indemnity insurance protects against claims of negligence, error or omission that could be brought against you by one of your clients.
If you provide a service or advice to a client and they suffer a loss as a result, they may bring a claim against you to recover their loss. Professional indemnity insurance protects your assets by paying your legal defence costs and any damages that might be awarded.
The kinds of claims that can be brought against professionals and which professional indemnity insurance typically protects against include:
Professional indemnity insurance will protect you and your business against the costs associated with such claims and it will not only protect you, but also your partners, directors and employees both past and present.
| Response | Male | Female |
|---|---|---|
| once every 3+ yrs | 1.93% | 0.85% |
| I never compare or switch | 1.73% | 1.53% |
| once a year | 1.35% | 1.19% |
| every 2 yrs | 0.96% | 0.85% |
| more than once a year | 0.19% | 0.34% |
Professional indemnity insurance varies widely, so it’s important to shop around and compare policies from different insurers.
Things to ask yourself when examining a policy include:
It’s important that you get the right professional indemnity insurance at the right price and with the right level of cover, so if you are experiencing any problems in choosing a policy, it is always advisable to seek professional advice from an insurance broker or consultant.
As a physiotherapist, you spend your time trying to help others overcome their injuries, but injuries that result from accidents on your business premises can come back to bite you in a big way.
Public liability insurance is vital for any business or profession that has daily dealings with the general public. It is designed to protect you from claims made by third parties for injuries or property damage that occur on your premises or as a result of your actions in the course of doing business.
More and more people are seeking damages in court for public liability claims and the size of the pay outs these days can easily be in the millions of dollars, so no business can afford to be unprotected. Fortunately, due to a competitive Australian marketplace, public liability insurance can be obtained relatively cheaply. So if you’re a practising physiotherapist and you don’t have it, it would be wise to take it out at the time of purchasing your professional indemnity insurance.
Find out more about public liability insurance
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Nursing is a vital profession in hospitals and nursing homes around Australia, but the people who work as nurses are exposed to a unique range of risks. If a nurse were to make a mistake or an error of judgement — for example administer the wrong medication, fail to follow a doctor’s instructions or give incorrect advice to a patient — they could find themselves the subject of a lawsuit for a breach of their professional duty.
This is where professional indemnity insurance shows its worth. This type of cover offers much-needed financial protection for nurses against claims of negligence or malpractice. It covers the cost of your legal defence as well as any compensation you may be legally required to pay to a third party. Public relations costs to repair your professional image are also covered by professional indemnity policies.
In order to find the right professional indemnity insurance policy for you, compare policies at finder.com.au and seek advice from colleagues. Compare quotes from a number of insurers and seek help from an insurance consultant if required.
Want protection against liability and negligence claims? Find out why these two forms of cover are essential for many businesses.
Can I purchase just 1 month of cover for professional indemnity insurance for aged care physiotherapy?
Hi Gabriel,
Thanks for your question. finder.com.au is a comparison service and not an insurer. If you enter your details into the contact form a broker will be in touch to walk you the options available to you.
I hope this was helpful,
Richard