What is professional indemnity insurance?
Professional indemnity insurance is designed for professionals who provide advice or a service to their customers. It is designed to protect you against legal costs and claims for damages to third parties that may arise out of an act, omission, or breach of professional duty in the course of your business.
If a mistake or omission occurs in the course of your work that results in financial loss or injury to a patient or third party, that party may take legal action against you to recover their losses. Professional indemnity insurance seeks to protect both your assets and your reputation, should this occur.
Why do I need it?
All registered physiotherapists practising in Australia are required to have professional indemnity insurance arrangements that are continuous throughout the period of practice. Physiotherapists must ensure that the cover is appropriate to the level of risk and is inclusive of run-off cover.
Defending yourself from a professional conduct claim can cost you time, money, and damage your reputation, regardless of whether the allegations are founded or not. If things do go wrong you could be held responsible not only for your own actions, but for those of your partners, employees or volunteers.
What are my options?
The APA works with Guild Insurance to provide premium insurance options for our members. In 2013 we have two master policy offerings: one for public sector members and one for student members. We have also negotiated greatly discounted rates on individual policies for members in the private sector.
Public sector members: APA master policy
Student members: APA student master policy
Private practice members: individual policy options