The Hospitals, Clinics, Individual Doctors can be protected by Noble Insurance against damages which they may be called upon to pay arising out of their professional negligence or malpractice.
Medical malpractice insurance, a claims made policy, is only available to a practitioner involved in the health industry so that they will be protected in the event of a judgment against them for medical malfeasance.
This cover is required by the regulatory authorities and can be obtained by practitioners as individuals or group-wise as employees of an entity.
There is an economy of scale, which allows premiums to be lower in total than each practitioner buying a separate cover. Also the Entity Insurance extends cover to include risk, which would normally be excluded under individual cover.
Since practitioners are sued infrequently, the data is actuarially unsound, making it impossible for a physician to be "rated" based on past history. So, while history is important to know, practitioners are classified based on their specialties, and the rates are set accordingly.
NOBLE Insurance Broker has succeeded in arranging Medical Malpractice Insurance on behalf of various individual doctors, clinics, group of doctors, hospitals based in Dubai, Sharjah, Ajman, Abu Dhabi – UAE.