The following summary is intended as a guide only and you are referred to the Allianz Policy Terms and Conditions for full details of cover.
Medisec arranges protection for professional negligence through a specially negotiated scheme for professional indemnity insurance with one of the world’s leading health care insurers – Allianz p.l.c.
The cover provides indemnity in respect of the legal liability arising from the medical advice and treatment normally provided by GPs registered and practising medicine from an address in Ireland from incidents happening in the Republic of Ireland. This also extends to Northern Ireland, Great Britain, Isle of Man and the Channel Islands if a member has to treat one of his/her patients in any of these areas.
Policy cover is on a “claims made” basis. This means that cover is in respect of claims arising from incidents occurring after policy retroaction date stated in the Certificate of Insurance and which are first made against the member and reported to us while the policy is still in force.
Tail Cover - For doctors who retire at normal state retirement age applicable at the date of the member’s retirement and who join the scheme prior to their 55th birthday free Tail Cover is currently provided by Medisec.
Tail Cover Explained July 2017.pdf
Run Off Cover is required once the policy has been cancelled. This is to cover any claims that may arise subsequent to the cancellation of the policy.
The Medisec Master Policy is an insured product based on Allianz Terms and Conditions with an indemnity level of €10 million – the product offers contract certainty and is enforceable in the courts. Allianz p.l.c. is regulated by the Central Bank of Ireland.
Please note that the extensions described below are in summary form only. For the full extent of cover provided please refer to the policy document.
Discounted premiums are available for GPs taking out their first “claims made” Policy.
Step down premium rate reductions for GPs who do not work full time. These rates are based on the number of sessions worked during the membership year. See Subscription Rates Schedule for further details.
Maternity Leave: Free Policy suspension for up to 52 weeks. Only Good Samaritan cover provided during maternity leave.
Lifestyle Breaks: Members can avail of “Lifestyle Breaks”, which will enable you to take a maximum of three (3 x 12 months) “Lifestyle Breaks” in every ten years insured with Allianz. The Lifestyle Break can be extended for a continuous maximum thirty-six month period in minimum blocks of twelve months, and is subject to certain terms and conditions.
Good Samaritan cover only, will be in place during Lifestyle Breaks, as per Policy terms and conditions.
Contact us for more information