Insurance covers

MIPS provides several insurance covers which are available as part of membership.

As an Australian not for profit medical defence organisation (MDO), MIPS' approach is to support and protect members with comprehensive insurance and excellent service.

Indemnity Insurance Policy

Cover for claims arising out of the provision of healthcare to an individual for up to $20 million. This medical indemnity policy may also be referred to as medical malpractice insurance, medical liability insurance, healthcare indemnity insurance or professional indemnity.

The key benefits you receive are:

  • cover to $20 million for a single claim or aggregate for multiple claims, within the policy period (ie financial year).
  • cover exceeding the minimum indemnity requirements of the Australian Health Practitioners Regulation Agency (AHPRA)
  • NO sub-limits for costs, including legal costs for any claim you make
  • retroactive cover for healthcare provided in previous years
  • cover for overseas placements on application

If eligible you can also claim a Premium Support Scheme (PSS) subsidy which will lower your membership fee.

Learn more about indemnity

Practice Entity Insurance Policy + Cyber Private Enterprise Policy

If you run and own your own practice, or perhaps you and your business partner jointly own and work in a dental or medical practice, then it is likely you are eligible for cover under the MIPS Members’ Practice Entity Insurance Policy as part of your MIPS membership. 

This policy provides you with cover for claims arising from the provision of healthcare services in connection with your dental or medical practice’s business operation, for example your reception staff and assistants.

Cyber Private Enterprise Cover is also available to members who are eligible under the Practice Entity Insurance Policy. Cyber cover provides protection for cyber perils such as viruses, malware, hacking, associated privacy breaches and liability with published media both print and electronic.

You must apply online to confirm eligibility for for Cyber Private Enterprise Cover Cover.

To be eligible for practice entity and cyber, privacy and media cover, your practice must meet the definition in the Members’ Insurance Covers Handbook shown in clause 15.13 of the ‘Members’ Practice Entity Insurance Policy’. Examples of eligible practice entity structures.

Student members are not eligible for cover under this policy.

Learn more about practice entity

Personal Accident Policy

The Personal Accident Policy provides you with cover for sickness, injury, disablement, loss of AHPRA registration and travel insurance for gratuitous healthcare and electives. This cover is part of your membership, you do not need to apply for it separately.

Benefits vary according to duration and category of membership and only apply to members under age 75. Student members and recent graduate members receive cover for communicable diseases (eg AIDS, HIV, hepatitis B, hepatitis C).

Learn more about personal accident

If you are from the UK or Canada, you may be more familiar with terms such as medical defence union or association (eg MDU, MDA) when applying for professional indemnity (or medical defence insurance) and MIPS is very similar to these organisations.
Obtain a quote.

See the Membership Benefits Handbook for an explanation of membership benefits including insurance covers and see the Members’ Insurance Covers Handbook for the policy wording.


Insurance Policies

The three insurance policies that are a benefit of membership are the Members': 

Indemnity Insurance Policy
Practice Entity Insurance Policy
Personal Accident Policy


Membership Benefits Handbook
Members' Insurance Covers Handbook


Membership Quote