Choosing your provider
There is a choice of indemnity providers in NZ:
- NZ Medical Indemnity Insurance (NZMII) is a NZ insurance company that specialises in medical indemnity insurance. It is 100% NZ owned and operated and governed under the Insurance (Prudential Supervision) Act 2010.
- MPS is a friendly society (not an insurance company) run out of the UK and Ireland.
- Medicus is a NZ incorporated society in which members get insurance underwritten by an(other) insurance company (Aon).
Over twenty years ago, and at the request of our members, NZRDA arranged for a specifically tailored Indemnity Insurance scheme for RMOs to be established, known today as NZMII. NZRDA owns 15% of NZMII. Cover is available for all resident doctors, and coverage can continue on into general practice or life as a consultant (SMO). The scheme also provides cover for working in Accident & Medical Centres, as a locum, and for charity work in the Pacific.
The indemnity scheme has a team of experienced medico-legal advisors to help you through potential problems. To enquire or take out cover, simply visit https://nzmii.co.nz/ to get the ball rolling. The policy also has full tail cover. This means that if you were insured at the time the incident happened, you will be covered – no matter how long ago the incident occurred.
Joining is simple: when you are completing those endless employment forms for the DHBs, simply tick or confirm that you want to be covered by NZMII (AKA “the RDA scheme”). We will arrange the rest and you will receive confirmation of cover shortly after commencing employment.