Cover for when you take a break or
retire from private practice
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When you’re planning to retire or have a break from medical practice, you have a couple of options to consider for professional indemnity insurance.
Insurance cover for up to $20 million cover for your civil liability arising from the healthcare you have provided in the past.
Insurance cover for disciplinary, criminal or coronial investigations.
Covering you for unpaid healthcare you provided in the past including acting as a Good Samaritan, writing a referral or as a volunteer at a sporting event.
Cover is subject to approval and to the terms, conditions and exclusions of the insurance policy. To decide if a policy is right for you, please carefully read the Product Disclosure Statement which is available on this website or by contacting us on 1800 128 268.
The Australian Government introduced ROCS on 1 July 2004 to provide run-off cover to medical practitioners who have ceased private medical practice and who satisfy specified eligibility criteria, and to the estates of deceased medical practitioners.
Under ROCS, the government guarantees to pay the cost of medical indemnity claims against eligible medical practitioners covered by the scheme.
As a medical practitioner, when you become eligible for ROCS cover, your last medical indemnity insurer issues a ROCS insurance policy. The government will reimburse the insurer for any valid claims it pays under that ROCS policy.
Find out more here.
A medical practitioner becomes eligible for ROCS if they:
Find out more here.
Avant’s Practitioner Indemnity Run-off Policy (PIRO) is available to practitioners who have been members of United Medical Protection, MDAV or have held medical indemnity insurance with Avant.
It is available when you:
If you plan to take a break from your career to start a family, you will need to ensure that you have the appropriate level of run-off cover to protect you from any incidents that may have occurred during your career but have not yet been notified to insurers. You may be eligible for the Government ROCS scheme. Contact Avant today on 1800 128 268 to learn more.
Run-off Cover Scheme or Practitioner Indemnity Run-Off? Contact us now
Health insurance created by doctors for doctors. Membership with DHF is available exclusively to the medical community, their families and their employees. Review our comprehensive hospital covers and the fantastic rebates on dental, optical and physio services.
Avant Medico-legal Advisory Service Here when you need us. Call 1800 128 268.
IMPORTANT: Professional indemnity insurance products are issued by Avant Insurance Limited, ABN 82 003 707 471, AFSL 238 765. The information provided here is general advice only. You should consider the appropriateness of the advice having regard to your own objectives, financial situation and needs before deciding to purchase or continuing to hold a policy with us. For full details including the terms, conditions, and exclusions that apply, please read and consider the policy wording and PDS, which is available at www.avant.org.au or by contacting us on 1800 128 268.