Covering the Risks
Manage your practice's risk
As a Practice Manager you play a pivotal role
in the running of your practice. With a wide range of responsibilities
including scheduling appointments, billing and medical record management, it’s
important to ensure your practice, its staff and your practitioners are
protected, so that you can focus on the day to day management of your
Your practice and practice staff could be faced with a range
of risks and exposures, it’s important to assess these and consider if your
practice has the right level of insurance to protect it from these potential
There are a number of insurance options available to financially
protect the parties operating within the practice as individuals, and the
practice as a separate entity. The appropriateness of these should be
considered in line with your individual circumstances and the entity’s
Ultimately, the right level of insurance gives both you and your
practice peace of mind, and enables you to manage your practice risk with
Avant Mutual Group, Australia’s Leading Medical Defence
Organisation (MDO), provides its members with access to a range of insurance
solutions and exclusive member benefits.
Avant Risk IQ, a
market-leading risk education program offers a series of resources that can
also help you to better identify and manage your risk.
Read on to
learn more about Avant.
Cover for your Practice
Professional or medical indemnity insurance is
designed to cover the civil liability of a healthcare professional. Individual
professional or medical indemnity policies generally cover the individual only
with limited cover for the actual entity.
Practices have separate risks
and exposures that may not be covered by the individual's insurance , it is
important you consider that you have appropriate insurance coverage based on
your practice's specific needs. You should seek professional advice around the
practice and individual requirements.
Professional Indemnity Insurance
should ensure they have professional indemnity insurance in place to protect
the business owners and practice entity. They should also ensure all medical
practitioners have their own medical indemnity insurance as they are exposed to
- Cover for your Practice
- Insurance products
- Review your policies
- Avant Practice Medical Indemnity Policy *
- New optional Avant public liability insurance *
- Other support insurers may provide include risk management tools.