Comprehensive run-off insurance cover – for your ongoing peace of mind and protection
When you’re a doctor planning to retire or have a break from medical practice, you have a couple of options to consider for professional indemnity insurance.
The Australian Government introduced the Run-Off Cover Scheme (ROCS) on 1 July 2004 to provide run-off insurance cover to medical practitioners who have ceased private medical practice and who satisfy specified eligibility criteria, and to the estates of deceased medical practitioners. Under ROCS, the government guarantees to pay the cost of medical indemnity insurance claims against eligible medical practitioners covered by the scheme.
As a medical practitioner, when you become eligible for ROCS cover, your last medical indemnity insurer issues a ROCS insurance policy. The government will reimburse the insurer for any valid claims it pays under that ROCS policy. If you aren’t yet eligible for ROCS but take an extended break, you can apply for an Avant Practitioner Indemnity Insurance policy run-off cover from Avant.