Liability Insurance for practitioners of the liberal professions is intended for physicians, lawyers, accountants, engineers, architects, brokers and portfolio managers, real-estate agents, translators, technical writers and others.
In the western world, there is a growing trend to file claims against professionals; consequently, lawyers are becoming more and more experienced in this field. Many patients file claims for damages allegedly caused as a result of medical malpractice committed by the treating physician or the medical institution he works for. Practitioners of alternative medicine, cosmeticians and sports coaches/trainers are also exposed to malpractice claims by their patients and clients.
Professional Liability Insurance is therefore essential, and it is best placed with Madanes. Protected by this particular insurance, professionals can carry on with their work without being concerned about lawsuits. The insurance provides liability cover up to the limits agreed with the insurance company as stated in the policy. It covers the insured ’s legal liability arising out of a breach of professional duty, negligence, or any error or omission made in good faith by the insured in the course of practicing his insured profession.
Madanes has been engaged in insurance for over 30 years and due to its vast experience is renowned for its know-how and expertise in the field of professional liability. Madanes leads the field of Medical Malpractice Insurance for medical practitioners, initiating and offering unique and innovative insurance solutions specifically designed for its insured medical sector, including physicians, members of medical and paramedical teams, clinics, hospitals, institutions and health funds.