Join 28,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors 

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In this episode, we’re joined once again by Lisa Hiscock, founder of Hakea Insurance Brokers and former reinsurance specialist, for a conversation every doctor needs to hear, what your medical indemnity actually covers, and more importantly, what it doesn’t.

Drawing on her decades of experience across insurance, reinsurance, and medical risk, Lisa breaks down the misunderstood world of protection for clinicians. From malpractice and practice indemnity to property, management liability, and the rising threat of cyberattacks, she reveals how even well-insured doctors can still be dangerously exposed.

We unpack why obstetrics and neurosurgery are among the most expensive specialties to insure, how Australia’s government-backed safety net keeps the system fairer than in the US, and what practice owners need to know before hiring staff or storing patient data online.

Whether you’re starting your first private clinic or already running a busy practice, this episode will help you see insurance not as a box-ticking exercise but as a business survival tool.

If you’ve ever assumed your indemnity has you covered for everything, this is the episode that might just save your practice.

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TIME STAMPS:

00:00 Hook/Intro

01:38 Lisa's Background

02:27 Overview of Medical and Dental Insurance Ecosystem in Australia

03:55 Specialty-Based Insurance Risk and Pricing

05:20 Ogden Rates and Severity of Loss

08:06 High-Risk Specialties and Litigation

12:34 For-Profit vs. Membership-Based Organisations

12:54 Medical Indemnity System in Australia

18:44 Practice Indemnity and Its Importance

25:58 Management Liability and Employment Practices

28:24 Property and Business Interruption Insurance

31:28 Cyber Security and Insurance

44:35 Prevention and Preparedness

45:17 Conclusion/Outro

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SHOW NOTES LINKS

https://ifdgroup.com.au/ 

https://doctorbi.com.au/ 

https://au.linkedin.com/in/mian-bi

https://www.linkedin.com/in/lisa-hiscock-7308a259/

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LISTEN TO THE PODCAST

Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN 

Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608 

Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast 

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FIND US HERE

Website: https://ifdgroup.com.au/ 

Facebook Group: https://www.facebook.com/groups/investingfordoctors 

Facebook Page: https://www.facebook.com/investingfordoctors 

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DISCLAIMER

The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personal