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Key Points:
- Britam Holdings, backed by Kenyan investors, has expanded its indemnity insurance scheme for nurses and clinical officers, including free last expense and personal accident cover.
- The coverage offers comprehensive financial protection against claims or lawsuits alleging negligence or malpractice, covering legal defense costs.
- Britam’s policy provides risk management resources, best practices guidance, and legal representation to protect professional reputations.
Britam Holdings, a prominent financial services conglomerate partly owned by Kenya’s wealthiest investors, has expanded the benefits under its indemnity insurance scheme for nurses and clinical officers.
An indemnity is a comprehensive form of insurance compensation for damages or losses. In this type of cover, insurers traditionally promise to make the insured party whole again for any covered loss in exchange for premiums the policyholder pays.
The most common claims under professional indemnity insurance include allegations of negligence or malpractice, defamation, breach of confidentiality, cost of disciplinary hearings, and loss of documents.
Expanded benefits and comprehensive protection
Britam’s professional indemnity cover for nurses and clinical officers now includes a free last expense benefit and personal accident cover. This expanded coverage provides comprehensive financial protection in the event of a claim or lawsuit alleging negligence or malpractice.
“The benefits of Britam’s professional indemnity cover for nurses and clinical officers, which has a free last expense benefit and personal accident cover embedded in it, are numerous. It provides comprehensive financial protection in the event of a claim or lawsuit alleging negligence or malpractice,” the insurer said.
“This includes covering legal defence costs, such as attorney fees, court expenses, and potential settlements or damages awarded to the claimant,” it added.
A last-expense benefit is a funeral cover to help families deal with the burden of meeting the last-respect expenses on the death of a family member. Britam said that in addition to financial protection, its indemnity coverage offers the medical staff risk management resources and support.
Risk management and reputation protection
Britam’s professional indemnity insurance offers more than just financial security. It includes risk management resources and support for medical staff. This encompasses guidance on best practices, safety protocols, and risk mitigation strategies aimed at enhancing practice, reducing errors, and promoting patient safety.
“This includes guidance on best practices, safety protocols, and risk mitigation strategies to help them enhance their practice, reduce errors, and promote patient safety. The policy also helps protect the professional reputation of nurses and clinical officers by providing legal representation to defend against unfounded claims, thus preserving their standing in the healthcare community and maintaining trust with patients and colleagues,” the insurer said.
Britam’s professional indemnity insurance includes a built-in Last Expense benefit-a funeral cover to help families deal with the burden of meeting the last respect expenses on the death of a family member.
