Why do Podiatrists need Professional Indemnity Insurance
As a Podiatrist, you are a foot health expert, and you diagnose, treat and rehabilitate your patients. Patients may come to you with all sorts of different foot problems, and you do your best to help them. There is a risk that a patient may not feel your treatment helped them, or made a pre-existing condition worse, making a claim against you and landing you in court.
Podiatrist insurance provides cover from malpractice, breach of duty, professional misconduct, and mistakes or omissions claims made against you. Professional Indemnity includes cover for your legal fees and the cost of compensation if a client brings a professional negligence claim against your business.
As a Complementary Therapist, you need to be covered by a level of Professional Indemnity insurance that meets the Podiatry Board of Australia standard.1
Why do Podiatrists need Public Liability insurance?
Members of the public could be entering your premises hourly, and there's a risk that they could hurt themselves or damage their belongings. Let's say a delivery person enters your premises, they trip on a mat falling face first, hitting their head and smashing other deliveries in the process. The delivery person could make a claim against you and your business.
Public Liability insurance can safeguard your Podiatry practice against the risks that come with having your own business and accidents that can happen. It acts to assist you with claims for injury and property damage made by clients or members of the public. It aims to help you with the cost of claims from a third-party, like compensation payments and legal fees.