This is a YouTube video titled "Indemnification Clauses for #Doctors" containing a discussion between two speakers about indemnification clauses in physician contracts, focusing on legal risks and malpractice insurance implications. The conversation explains how these clauses shift liability and the potential consequences for physicians.
Indemnification clauses, contracts, et cetera. What, what are we talking about here and why are these showing up in physician contracts these days?
Indemnification, it's, it's a legal terminology that basically means you're going to shift risk from one party to the, to the other. Right. So as the physician, likely, when we hear these clauses, it's going to say that the physician is indemnifying the employer and holding them harmless from, from probably any and all acts. Right. Or claims that might come in. And so employers are doing their best to remove themselves from any liability of the physician, and oftentimes they' abroad. It's problematic from a malpractice and an insurance standpoint because a lot of times those policies will say, our policy is good as long as there's not this other contractual obligation, as long as there's no other indemnifications.
Okay, what's the worst case scenario?
Well, malpractice insurance being invalidated would be one. I mean, that's a problem.
So you get sued and you go to your malpractice insurer and they're like, nope, you agreed to hold the employer harmless if you get sued.
Correct. I mean, that's one possible outcome.
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