Friday, March 11, 2011

NMBA and Professional Indemnity Insurance

The Nursing and Midwifery Board of Australia is seeking feedback from all stakeholders on the revised Professional Indemnity Insurance Arrangements Registration Standard, and Guidelines. Click here for the link.

Submissions are due by 6 May.

The Board is seeking feedback on the following two approaches:
Approach 1:
The Board specifies a minimum amount of cover for professional indemnity based on advice from the insurance industry.
Approach 2:
The Board does not specify a minimum amount of cover for professional indemnity.

Two approaches are outlined because the Board has received some feedback that the draft Guideline should include advice about the minimum dollar value of quantum of cover for midwives wishing to practise independently. The Board realises however that there are potential drawbacks to both approaches, and is therefore keen to provide the most useful advice to practitioners seeking PII cover.

Blog readers are invited to share your views on professional indemnity insurance generally, and any points that you think ought to be included in submissions to this inquiry.

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