Why MIPS
We’re here to protect and support members in some of their most difficult career moments. Medicine and dentistry are specialist careers and require equally matched specialist support and protection. When the circumstances call for action, we’re prepared.
No sub-limits
We don’t have any sub-limits for indemnity insurance cover. We simply have the one limit of $20 million per claim and in the aggregate for the policy period (financial year).
No hidden fees
All our membership benefits are part of your membership. Unless you need to change your membership you only pay a membership fee once a year regardless of the services you use.
Best legal representation
We choose legal representation for members from a panel of law firms, not from within MIPS. This means we can employ the best in the business to represent our members.
Membership Fee Estimate
Insurance benefits: Members’ Indemnity Insurance Policy
Healthcare indemnity insurance cover
Inclusions:
- $20 million in the aggregate for a membership period
- Proceedings before an administrative tribunal including defence costs
- Disciplinary hearings before a professional body including defence costs
- Defence costs for an investigations into healthcare provided by you
- Legal cost of a professional body/administrative body or of a court or tribunal you are ordered to pay
- Good Samaritan acts (worldwide excluding the USA)
- Private practice*
- Employer indemnified cover** (additional protection if you also have indemnity cover through your employer)
- Elective cover (for students)
- International cover*** for:
- Hospital or employer indemnified placements
- Services when accompanying an Australian sporting or cultural group
- Student elective placements
- Gratuitous services in a developing country
- Clinical trial cover****
- Tele-health (healthcare provided over the internet, by video conference or telephone in Australia)
*Included provided it is permitted as part of and within the limits of your membership category
**Included provided it is permitted as part of your membership category
***Included (you must be in a private practice category if accompanying a sporting or cultural group or providing gratuitous services in a developing country) - you must apply to MIPS and receive approval to receive this cover
****Included - you must apply to MIPS and receive approval to receive this cover
Practice entity excess cover
Inclusions:
- $10,000 for any one claim
- $30,000 in the aggregate for all claims
- Cover for any excess that is payable under an insurance policy not issued by MIPS that protects a practice you have a direct financial interest in
Other insurance covers for members
Personal accident and travel extension cover
Inclusions:
- Varying limits - up to $200,000 for death and $2 million for medical
- Cover for accidental bodily injury, death and travel extension cover for student electives, clinical placements and gratuitous care that includes medical treatment, loss of baggage, credit cards and other covers (eligibility criteria apply - find out more about the Personal Accident Policy)
Practice entity cover
Inclusions:
- $20 million in the aggregate for a membership period less any claims made under the indemnity policy
- Cover for your practice and practice staff. Automatically provided if your practice meets the definition. (Eligibility criteria apply - find out more about the Practice Entity Policy)
Cyber, privacy and media cover
Inclusions:
- $100,000 for any one claim in the aggregate for all claims
- Cover for a range of cyber perils such as viruses and hacking as well as related risks of privacy breaches (eligibility criteria apply - find out more about the Cyber, Privacy and Media Policy)
Find out how to join MIPS
Proven track record
As a not-for-profit organisation, MIPS works solely to benefit its members. We respond and manage claim notifications and have a track record of successfully defending our members. We provide accredited risk education, confidential advice and most importantly ensure that MIPS is comfortably funded to cover current and future members’ claims liabilities and support. MIPS is also proud to offer dental indemnity cover for dentists, hygienists and other oral healthcare practitioners. All assets of MIPS are ultimately owned by MIPS members.
Designed by healthcare practitioners
Membership provides the necessary cover and assistance for healthcare professionals and students. Insurance covers (including dental indemnity cover) provided as part of membership exceed the minimum indemnity requirements outlined by Australian Health Practitioner Regulation Agency.