RE: [ozmidwifery] Thoughts on insurance.
Dear Lynne When we set up the company we were insured - however, as you can guess, this is no longer the case. We are still continuing to submit applications to various insurance companies (as time permits) with risk management procedures and proposing to incorporate an excess to make us look more insurable - so far no luck - but we haven't given up trying. I will let everyone know if we are ever successful. Cheers Jane Pregnancy, Birth and Beyond Caring, Professional Midwifery Services Sydney Visit http://www.pregnancy.com.au -Original Message-From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]On Behalf Of Lynne StaffSent: Saturday, 16 November 2002 9:39 AMTo: [EMAIL PROTECTED]Subject: RE: [ozmidwifery] Thoughts on insurance. Jane, how have you organised your insurance as a company then? There is a group of us on the Sunshine Coast who would consider doing the same thing. Looking forward to hearing from you
RE: [ozmidwifery] Thoughts on insurance.
Dear Rhonda I work in a practice of 4 midwives and we decided to incorporate due to the legal advice we received. We are now known as Sydney Midwifery Practice Pty Ltd. It has been a big process and we are still learning. There are many rules once you become incorporated - from BAS, to taxation issues and super. We are still learning and am finding it time consuming. But it is unfortunately necessary. Cheers Jane Palmer Pregnancy, Birth and Beyond Caring, Professional Midwifery Services Sydney Visit http://www.pregnancy.com.au -Original Message-From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]On Behalf Of RhondaSent: Friday, 15 November 2002 12:01 PMTo: [EMAIL PROTECTED]Subject: [ozmidwifery] Thoughts on insurance. Our solicitor, in light of our situation, and not being able to get insurance has suggested that we become Incorporated. Because they have to sue us personally as the person who performed the procedure - all of our assets would then be owned by the company and could not be touched by personal litigation. I guess this is something we never thought we would need to do but I was thinking that midwives who are working without insurance could do the same thing and therefore protect themselves at least from personal litigation. I know it does not solve the problem - a bit like the "form to fill out" it is just another measure to protect oneself. Has anyone else considered this option? Regards Rhonda IncrediMail - Email has finally evolved - Click Here
RE: [ozmidwifery] Thoughts on insurance.
I admit I had, butit wouldstill be difficult (?impossible)to find an underwriter who was willing to insure Midwives in the current climate, whether they be a company or a single practitioner. In light of what Vanessa Owens told us yesterday at an excellent workshop in Nambour, the College has tried very hard to find a resolution to this situation and is still working on it, but there is still a long way to go. -Original Message-From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]On Behalf Of RhondaSent: Friday, 15 November 2002 11:01 AMTo: [EMAIL PROTECTED]Subject: [ozmidwifery] Thoughts on insurance. Our solicitor, in light of our situation, and not being able to get insurance has suggested that we become Incorporated. Because they have to sue us personally as the person who performed the procedure - all of our assets would then be owned by the company and could not be touched by personal litigation. I guess this is something we never thought we would need to do but I was thinking that midwives who are working without insurance could do the same thing and therefore protect themselves at least from personal litigation. I know it does not solve the problem - a bit like the "form to fill out" it is just another measure to protect oneself. Has anyone else considered this option? Regards Rhonda IncrediMail - Email has finally evolved - Click Here
RE: [ozmidwifery] Thoughts on insurance.
Jane, how have you organised your insurance as a company then? There is a group of us on the Sunshine Coast who would consider doing the same thing. Looking forward to hearing from you! -Original Message-From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]On Behalf Of Jane PalmerSent: Saturday, 16 November 2002 7:30 AMTo: [EMAIL PROTECTED]Subject: RE: [ozmidwifery] Thoughts on insurance. Dear Rhonda I work in a practice of 4 midwives and we decided to incorporate due to the legal advice we received. We are now known as Sydney Midwifery Practice Pty Ltd. It has been a big process and we are still learning. There are many rules once you become incorporated - from BAS, to taxation issues and super. We are still learning and am finding it time consuming. But it is unfortunately necessary. Cheers Jane Palmer Pregnancy, Birth and Beyond Caring, Professional Midwifery Services Sydney Visit http://www.pregnancy.com.au -Original Message-From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]On Behalf Of RhondaSent: Friday, 15 November 2002 12:01 PMTo: [EMAIL PROTECTED]Subject: [ozmidwifery] Thoughts on insurance. Our solicitor, in light of our situation, and not being able to get insurance has suggested that we become Incorporated. Because they have to sue us personally as the person who performed the procedure - all of our assets would then be owned by the company and could not be touched by personal litigation. I guess this is something we never thought we would need to do but I was thinking that midwives who are working without insurance could do the same thing and therefore protect themselves at least from personal litigation. I know it does not solve the problem - a bit like the "form to fill out" it is just another measure to protect oneself. Has anyone else considered this option? Regards Rhonda IncrediMail - Email has finally evolved - Click Here
RE: [ozmidwifery] Thoughts on insurance.
If I am right here it does not give you insurance as a compant just the reassurance that if anyone were to take legal ac6tion against you that they cannot get anything as it is all under the compant umbrella and therefore ca't be claimed against. I am not quite sure of this but think it is how it works. Any legal eagals out there know any more than me?? Regards Rhonda ---Original Message--- From: [EMAIL PROTECTED] Date: Saturday, November 16, 2002 10:10:09 To: [EMAIL PROTECTED] Subject: RE: [ozmidwifery] Thoughts on insurance. Jane, how have you organised your insurance as a company then? There is a group of us on the Sunshine Coast who would consider doing the same thing. Looking forward to hearing from you! -Original Message-From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]On Behalf Of Jane PalmerSent: Saturday, 16 November 2002 7:30 AMTo: [EMAIL PROTECTED]Subject: RE: [ozmidwifery] Thoughts on insurance. Dear Rhonda I work in a practice of 4 midwives and we decided to incorporate due to the legal advice we received. We are now known as Sydney Midwifery Practice Pty Ltd. It has been a big process and we are still learning. There are many rules once you become incorporated - from BAS, to taxation issues and super. We are still learning and am finding it time consuming. But it is unfortunately necessary. Cheers Jane Palmer Pregnancy, Birth and Beyond Caring, Professional Midwifery Services Sydney Visit http://www.pregnancy.com.au -Original Message-From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]On Behalf Of RhondaSent: Friday, 15 November 2002 12:01 PMTo: [EMAIL PROTECTED]Subject: [ozmidwifery] Thoughts on insurance. Our solicitor, in light of our situation, and not being able to get insurance has suggested that we become Incorporated. Because they have to sue us personally as the person who performed the procedure - all of our assets would then be owned by the company and could not be touched by personal litigation. I guess this is something we never thought we would need to do but I was thinking that midwives who are working without insurance could do the same thing and therefore protect themselves at least from personal litigation. I know it does not solve the problem - a bit like the "form to fill out" it is just another measure to protect oneself. Has anyone else considered this option? Regards Rhonda IncrediMail - Email has finally evolved - Click Here
RE: [ozmidwifery] Thoughts on insurance.
Hi Rhonda I have been been practising as a Company Pty Ltd for 18 years now, that is why I have had to go it alone as far as business and legal responsibility goes.Support from ANFis difficult because I am not practising as an individual.According to my accountant the cost ofmemberships over the years had to be weighed against the the expenses of running a company, he advised me to keep my expenses low.When PI was available through ANF I was not able toaccess it,so it was better for me not to pay the membership levy. I think the same applies to ACMI but I am not sure of legal details here. Maybe someone could provide some current information. The bottom line islegislation is via the Nurses Board in Victoria and NSW where I am registered as nurse first and midwife second. Robyn -Original Message-From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]On Behalf Of RhondaSent: Friday, November 15, 2002 12:01 PMTo: [EMAIL PROTECTED]Subject: [ozmidwifery] Thoughts on insurance. Our solicitor, in light of our situation, and not being able to get insurance has suggested that we become Incorporated. Because they have to sue us personally as the person who performed the procedure - all of our assets would then be owned by the company and could not be touched by personal litigation. I guess this is something we never thought we would need to do but I was thinking that midwives who are working without insurance could do the same thing and therefore protect themselves at least from personal litigation. I know it does not solve the problem - a bit like the "form to fill out" it is just another measure to protect oneself. Has anyone else considered this option? Regards Rhonda IncrediMail - Email has finally evolved - Click Here
