Orthoptics Professional Indemnity Insurance

Orthoptics Professional Indemnity Insurance

Worried about COVID-19 and your Insurance Cover?

The good news is, if you got your Medical Malpractice Combined Liability insurance through your membership to Orthoptics Australia you are covered.

Your cover applies when working within your scope of practice and registration requirements, as a health practitioner. There is no specific exclusion on your policy for infectious diseases including Coronavirus (COVID-19). There is even cover for Good Samaritan Acts. See your policy for more details. 

Great news and a relief for all our insured members.

 

General advice warning.

This advice has been prepared without taking into account your personal objectives, financial situation or needs. 

You should therefore consider the appropriateness of the advice, in light of your objectives, financial situation or needs before following the advice.

Please obtain a copy of and consider the product disclosure statement (PDS) applicable to the general insurance product before making any decision

 

 

Orthoptics Professional Indemnity Insurance - Another OA Member Benefit

Official insurance partner to Orthoptics Australia (OA), Insurance House, offers members industry leading coverage.   These competitive rates are only available to members, including student members, of OA.

OA has worked closely with Insurance House to deliver a professional indemnity insurance policy for our members that we are proud to recommend. Protect your livelihood with a policy in your own name, and take advantage of the exceptional value on offer.

 

Limit of Indemnity

Malpractice/Professional Indemnity:
$5 million for any individual claim and $15 million in the aggregate.

 

Public Liability and Goods Sold and Supplied:
$20 million for any individual claim and $60 million in the aggregate.

 

Insurance Costs

These competitive rates are only available to members, including student members, of OA:

Please Note:
1.  Insurance costs may vary from state to state depending upon applicable stamp duty fees.  Fees are based on members residential address and not their location of business.
2.  OA collects an administration fee (Ordinary/Fellow $16.50 and Associate/Graduate $11 inc GST) per policy sold.

 

Compare OA’s policy with your current cover using the Insurance House insurance checklist.

 

Ongoing Support

Members are fully supported by a dedicated team of insurance consultants who are on hand to assist members with their insurance enquiries and provide emergency claims support 365 days a year, 7 days a week.

For more information on the insurance offering please refer below:   If you have any queries please contact the Insurance House Team on 1300 213 067 or via email, membersupport@ihgroup.com.au

- Information Sheet

- FAQ’s Document

- Policy Wording & Schedule

- Notice to Proposed Insured

- Important Contact Numbers

- Making a Claim

- Free Legal Hotline

 

Whats Next?

Should you wish to purchase the insurance please select one of the following options:

If you have any queries please contact the Insurance House Team on 1300 213 067 or via email, membersupport@ihgroup.com.au  

 

Insurance Terms and Conditions

Notice to the proposed insured:

It is a requirement of the Insurance Contracts Act 1984 and the Corporations Act 2001 that the following notices 1, 2,3,4,5 and 6 be brought to your attention before you apply for insurance.

1.    Disclosure of relevant facts
Your duty of disclosure.
Before you enter into a contract of general insurance with an Insurer, you have a duty, under the Insurance Contracts Act, 1984 to disclose to the insurer every matter that you know, or could reasonably be expected to know, that is relevant to the insurer’s decision whether to accept the risk of the insurance and, if so, on what terms. You have the same duty to disclose those matters to the insurer before you renew, extend, vary or reinstate a contract of general insurance.
Your duty however does not require disclosure of a matter:
-    that diminishes the risk to be undertaken by the insurer
-    that is common knowledge
-    that your insurer knows, or in the ordinary course of its business, ought to know
-    as to which compliance with your duty is waived by the insurer
Non–disclosure:
If you fail to comply with your duty of disclosure, the insurer may be entitled to reduce its liability under the contract in respect of a claim or may cancel the contract. If your nondisclosure is fraudulent, the insurer may also have the option of avoiding the contract from its beginning.
Comment:
The requirement of full and frank disclosure of anything which may be material to the risk for which you see cover (e.g. claims, whether founded or unfounded), or to the magnitude of the risk, is of the utmost importance to this type of insurance. It is better to err on the side of caution by disclosing anything which might conceivably influence the insurer’s consideration of your proposal.

2.    Claims made and notified policy
This proposal is for a ‘claims made and notified’ policy of insurance.
This means that the policy covers you for claims made against you and notified to the insurer during the period of cover.
This policy does not provide cover in relation to:
-    events that occurred prior to the retroactive date  of the policy (if such a date is specified)
-    claims made after the expiry of the period of cover even though the event giving rise to the claim may have  occurred during the period of cover
-    claims notified or arising out of facts or circumstances notified (or which ought reasonably to have been notified) under any previous policy
-    claims made, threatened or intimated against you prior  to the commencement of the period of cover
-    facts  or circumstances  which you first became aware of prior to the period pf cover, or which you knew or ought reasonably to have known had the potential  to give rise to a claim under this policy
-    claims arising out of circumstances noted on the proposal form for the current  period of cover or on any previous proposal form
However, where you give a notice in writing to the insurer of any facts that might give rise to a claim against you as soon as reasonably practicable after you become aware of those facts but before the expiry of the period of cover, the policy will, subject to the terms and conditions, cover you notwithstanding that a claim is only made after the expiry of the period of cover.
Upon expiry of the policy, no further claims can be made thereunder and the need to maintain insurance or arrangement of Run-Off cover is essential. You should familiarize yourself with our standard form of policy for this type of cover before submitting this proposal.

3.    Broker acting as agent of insurer
In effecting this contract of insurance the broker will be acting under an authority given to it by the insurer and the broker will be effecting the contact as agent of the insurer and not the insured.

4.    Claims notification
If you become aware of a claim or of circumstances that could give rise to a claim in the future, you should notify us in writing immediately, so that we can notify your insurer on your behalf. If you become aware of a claim and circumstances and you do not notify them during the policy period, you could be left uninsured or facing a reduced payout from your insurer in respect of that claim or any future related claim.

5.    Average provision
This policy provides that if a payment in excess of the limit of indemnity available under this policy has to be made to dispose of a claim, the insurer’s liability for costs and expenses incurred with its consent shall be such proportion thereof as the amount of indemnity available under this policy bears to the amount paid to dispose of the claim. Any surplus will be deducted from the claim payments.

6.    Subrogation agreements
Where another person would be liable to compensate you for any loss or damage otherwise covered by the policy, but you have agreed with that person either before or after the loss or damage occurred that you would not seek to recover any monies from that person, the insurer will not cover you under the policy for any such loss or damage.

For full insurance terms and conditions see the OA website

For more information call 1300 213 067 or visit insurancehouse.com.au

 

Orthoptics Professional Indemnity Insurance - Another OA Member Benefit