We understand that where, how, and what you practise as a psychiatrist is unique to you. That’s why our protection is suited to the work you do and your level of experience.

MIPS is your partner through uncertainty, providing more understandable insurance cover, risk education, and expert advice specific to your career in psychiatry. 

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Comprehensive Indemnity Cover

Providing you protection for up to $20 million in claims*

*The maximum amount we will pay in the aggregate per annual membership period.

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24/7 Medico-Legal Advice

Ability to speak with an experienced professional any time of the day

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Access to accredited professional development (CPD) and on-demand learning.

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Am I covered as a psychiatrist? 

Your MIPS Membership will be under the Psychiatry category if you hold Ahpra specialist registration for Psychiatry and you practise in this specialty.

Do I still need insurance if I’m covered by my employer? 

If you’re working for an employer (e.g. hospital), you may be covered for some adverse or unexpected events, however there may be instances where your employer is unable to cover or assist you. 

The minimum level of professional indemnity insurance required by Ahpra only relates to civil claims, so the indemnity provided by your employer might not cover you for issues relating to: 

  • professional and disciplinary matters 
  • employment, training program and university disputes 
  • pursuit matters 
  • other matters.  

MIPS brings experienced foresight to help you build a risk prevention mindset and reinforce your sense of confidence. 

Does MIPS understand my practice? 

In addition to being in the Psychiatry category, your MIPS Membership factors in the type of practice you undertake. Your practice basis describes, for example:  

  • If your practice is employer indemnified, not employer indemnified, or a combination of both.
  • If you have obtained specialist registration, or you are currently undertaking or enrolled in a specialist training program.
  • If you have completed your healthcare studies within the last five years. 
  • If you undertake practice that requires an endorsement.

How are my membership fees calculated? 

As a member-owned not-for-profit organisation, we use a risk-based approach to calculate membership fees, and work hard to keep them as low as possible. Your individual membership fee will be based on your membership details including your membership classification for your current and past practice for up to three previous membership periods. This means your fee responds to how your practice changes over time. 

Your membership classification includes: 

  • your category (Psychiatry) 
  • your practice basis (outlined above)
  • any endorsements you might have (see the Member Handbook for more detail)
  • the state you practice in.

I’m a sole practitioner. Does my membership cover my staff?  

If you work in your own private practice and qualify as a Sole Practitioner, your MIPS Membership can extend to cover you against claims made against your staff by your patients when under your guidance or in relation to their administrative work. We will cover you and your practice while you’re on leave and replaced by a locum/temporary healthcare professional.

See the Member Handbook for more detail. 

Why choose MIPS? 

As a member-owned not-for-profit organisation, every decision is made with our members in mind. We’re here to protect you and your professional reputation with comprehensive insurance cover. As a MIPS Member you’ll also have access to resources, advice, and support 24 hours a day from experienced practitioners and medico-legal experts.

Our areas of cover include: 

  • civil liability 
  • professional and disciplinary matters
  • employment, training and university disputes
  • pursuit matters 
  • and more.

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Insurance cover is subject to the terms, conditions, and exclusions of the policy. The information provided is general advice only and does not consider your personal circumstances or needs. You should review the Member Handbook Combined PDS and FSG and/or contact MIPS on 1800 061 113, before making a decision. Information is current as at the date published.