Occurrence based

Occurrence based indemnity provides cover for incidents which occur during the policy or membership period, regardless of when the claim for that negligence is made. All NHS indemnity schemes prove occurrence-based cover.

Claims based

Claims based indemnity only provides cover for incidents which occur during the policy or membership period, provided that the claim is made and reported prior to the end of this period.

Once the policy or membership has lapsed, no cover will be offered in respect of new claims not reported during the policy or membership period.

Run-off cover will be required to remain protected against any further claims that were accrued but not reported during their policy or membership period.

Contractual and discretionary indemnity

Contractual indemnity is a contractual obligation to compensate for some defined loss or damage, by making a money payment.

Discretionary indemnity is where legal and financial assistance is provided at the discretion of the provider, for example, not backed by an insurance contract between the healthcare professional and the provider.