FODO doubles indemnity claim cover
FODO members have been told their cover per claim for professional liability insurance has been doubled from £5m to £10m – to keep in line with requirements of NHS commissioners.
The optical body also said there would be no increase in their insurance premiums and membership fees for 2019.
‘This is a market leading initiative to future-proof FODO members and ensure they fully meet the £10m requirement that commissioners are increasingly insisting on under the NHS Standard Contract in England. The change is also intended to safeguard FODO members during the government’s review of insurance for regulated professionals operating outside hospitals and will stand them in good stead for expansion in both the NHS and private markets this year and into the future,’ a FODO statement said.
Read more about the changes from FODO chief executive David Hewlett in next week’s Optician.