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- Medical malpractice and professional indemnity insurance at highly competitive premiums in which the
VAT portion of the premium is reclaimable from the Receiver of Revenue.
- Secure legal contracts
- Retro-active cover (conditions apply).
- 3 years free run-off cover (after termination of your Glenrand cover).
- Medico-legal advice on a toll-free helpline.
- Leading law firms to assist with litigation.
- Cover for employees within the professional’s employment.
- Contractually guaranteed limits of Indemnity offered depending on your personalized risk.
- An option is available to pay premiums in monthly instalments.
- Handling of complaints/provision of legal representation at HPCSA inquiries.
- Continuing cover with no further premium being payable when you cease to practice or retire.
- There is no excess or deductible payable under the policy.
- Cover for claims for defamation (which must have been committed by the client in good faith in the course
and scope of professional activities) and cover for liability arising out of employee dishonesty.
- Public and products liability cover (see attached memo).
Please note that:
- Cover runs in 12 month cycles (from entry date) and can not be terminated during a cycle.
- Glenrand employs a claim made (Important: Click here for further explanation ).
If you had no previous cover you can buy the retro-active cover.
The 2007 premiums in respect of SPEECH THERAPISTS & AUDIOLOGISTS are as follows:
| Annual premiums |
| R3,5 million cover | R1 380
| | R2,5 million cover | R1 060
| | R1,5 million cover | R 860
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Prosper Financial Services (a subsidiary of HealthMan) will assist in lodging your applications, claims and
any enquiries to Glenrand M.I.B.
Kindly contact the persons mentioned below should you wish to apply. All applications must be forwarded to the HealthMan office.
Yours sincerely
IMPORTANT NOTICE
EXPLANATION OF CLAIMS-MADE AND RUN-OFF COVER:
Our current policy is a "claims-made" policy. We are pleased to advise that we have recently negotiated with the Admiral,
the underwriters, to include 3 year’s free run-off cover. Please note that this does not affect the free continuing cover
which you will enjoy should you retire.
WHAT DOES THIS MEAN?
A "claims-made" policy means that the policy which you have in place at the time that a claim is made,
is the policy which is expected to respond to provide cover for that claim, hence the term, "claims-made".
Claims-made cover is the standard type of cover obtainable in the professional indemnity insurance market and
applies across the whole spectrum of professionals.
We have provided below an example of how your claims-made policy would respond to claims and how the cover
you enjoy has now been broadened by the addition of 3 years free run-off cover.
EXAMPLE OF HOW “CLAIMS-MADE” COVER OPERATES:
- You perform an operation in the year 2000;
- 2 years later, i.e. in 2002, your patient has a summons issued and served on you, alleging harm as a
result of your negligence and claiming damages in the amount of R100 000.00
With ordinary claims-made cover there would be a number of questions to be asked at this stage:
- Did you have your cover with us in 2000 when the incident giving rise to the claim occurred?
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A) No: then the claim would need to be referred to your previous professional indemnity provider for them to handle;
- A) Yes: then, were you aware in 2000 that the patient was dissatisfied with the operation and that there was
therefore the potential of a claim against you arising at some future date? If you were aware that there was
the potential that a claim might arise, in order to comply with the provisions of your policy wording, you would have
had to report a potential claim to us, your brokers, so that we could notify your underwriters of the potential claim
and obtain a “claim” number.
If you did report the potential claim to us in 2000 and the summons is only served on you in 2002, then, whether or not
you have renewed your policy with us in 2001 or 2002, your policy will respond to cover the claim which only arises in 2002,
because the claim will be deemed to have been made in 2000, when you had your policy with us and when you reported the incident to us.
If you had cover with us in 2000, 2001 and 2002 when the claim arises then you will obviously enjoy cover on the condition
that you reported the potential claim to us in 2000, if you had any suspicion that there was potentially going to be a claim
against you.
If you have cover with us in 2000, 2001 and 2002, and you do not report a potential claim to us when it can be shown that
you should have been aware that the patient was dissatisfied and the circumstances could potentially have led to a claim,
underwriters will be entitled to repudiate liability on the basis that you did not timeously notify them of the potential
claim and they have been prejudiced by your late notification.
Not notifying your underwriters of a potential claim when you have any awareness that one may arise, effectively constitutes
a breach of your contract with the underwriters. In this regard we request that you read the relevant provisions of
your policy wording and contact us if you have any queries.
Obviously, your underwriters do not expect you to report a potential claim, if you are completely unaware that your patient
was dissatisfied or that the circumstances involved could potentially lead to a claim being made against you.
NB: ORDINARILY, IF YOU HAVE CLAIMS MADE COVER AND:
- you performed the operation in 2000;
- you had cover with us in 2000;
- you were unaware that the patient was dissatisfied and that the circumstances would result in a
claim being made against you;
- you e.g. renewed your cover in 2001 but not in 2002 when the summons is served on you; THEN
YOU WOULD NOT ENJOY COVER AND YOUR POLICY WOULD NOT RESPOND BECAUSE YOU DON’T HAVE A POLICY WITH US AT
THE TIME THAT THE CLAIM IS MADE.
To reiterate what was said earlier; a claims-made policy means that the policy which you have in place at
the time that a claim is made, is the policy which is expected to respond to cover that claim.
In the above example, there is no policy in place with us and therefore, no cover in place.
HOWEVER;
We are pleased to advise that with the addition of 3 years free run-off cover, you now enjoy far wider cover than
that described above.
Using the above example, you would now be able to report the claim to us, so long as you had no previous knowledge
of a potential claim against you, your policy will respond and you will enjoy cover.
HOW DOES RUN-OFF COVER WORK?
- You now have 3 years free run-off cover from the date of your last expired policy.
- This allows you a period of 3 years from the date of the expiry of your policy with us to report any
claims that may arise out of the period when you enjoyed cover with us.
- Please note that run-off cover only provides cover for claims arising from past activities, while you
were covered with us, and does not provide cover for claims arising out of ongoing activities once your policy has expired.
- The 3 years free run-off cover does not affect the free continuing cover you are entitled to upon retirement,
if you have had your policy with us immediately prior to retiring.
- The extension of 3 years run-off cover is dependent on your last annual premium having been fully paid whether
or not you have elected to pay the annual premium by monthly debit order.
Previously, 3 years’ run-off cover could be purchased at 105% of your last paid premium. This cover is now being provided
free of charge. We look forward to continuing our search to find ways such as this, to improve the product which we can
offer you and give you, our valued client, value for your money.
Please do not hesitate to contact us should you have any queries with regard to the above.
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