Our professional and client focused insurance team is experienced in determining the right level of cover and the right insurers when it comes to specialist insurance advice for doctors.

Personal insurance comes in different forms, including:

  • Death cover
  • Total and permanent disablement (TPD) cover
  • Critical illnesses/trauma cover
  • Income protection cover
  • Medical professionals may also benefit from bloodborne illness cover or needlestick cover

What level of cover should you choose?

Personal insurance comes in different forms. We will help you determine the right level of cover and the right insurer based on your individual circumstances.

Our approach to insurance for doctors

Needs Analysis

First we will complete a full Insurance Needs Analysis with you. This allows us to determine how much cover is required to cover your debts and significant medical expenses, and provide ongoing income to dependant family members. We can allow for other requirements, such as funding private school fees for children in the event of death or disability.

Extensive Product Research

We complete extensive research and provide a full comparison to ensure you have a comprehensive understanding of your existing cover and other covers available. This means you can make considered and informed choices.


Walshs offers a thorough and comprehensive pre-assessment process. We provide anonymous and confidential information regarding medical issues or hazardous pastimes to a range of underwriters. These underwriters then provide feedback regarding possible underwriting concerns and outcomes before lodging an official insurance application. This allows us to determine the most suitable insurance product for your personal situation and minimise time spent applying with multiple insurers.

Tax Effectiveness

We determine the most appropriate ownership structure for your insurance and how to benefit from tax deductions.

Will I be covered?

One of the biggest concerns we hear about income protection for doctors is whether their policy will payout should they suddenly pass away or become sick or injured. Direct and group policies can have a wide range of blanket exclusions that are easily overlooked when you directly purchase your insurance.

Engaging an adviser or insurance broker can ensure you are better informed about the circumstances your insurance policy covers. APRA data shows that retail policies purchased via an adviser or insurance broker generally offer a higher claim admittance rate (96%) than policies purchased directly (88%). This could be attributed to a better understanding of the policies' limitations and access to income protection policies that properly fit the client's needs.

Insurance Claim Case Studies

The following are some recent case studies of insurance claims processed through our team that have made a big difference to our clients’ lives. The financial planning sector has seen a huge increase in claims over the last few years, and Walshs is no exception. We are proud to share these amazing outcomes that our insurance team have facilitated:

Condition: Chiari Malformation requiring neurosurgery to reduce pressure on the structures on the base of her skull, and to re-establish the normal flow of fluid to the CNS. This rendered the client unable to work for a period with a gradual return to work roster thus affecting her income over an extended timeframe.
Benefits Accessed: Income Protection and Nursing Care Benefit ^^
^^ Nursing Care Benefit: This benefit kicks in when a client is confined to bed for more than three consecutive days. The payment is calculated for each consecutive day the client is confined during her waiting period.

  • Claim Amount Paid:


Condition: Pre-reduction dislocation with a post-reduction fracture attained while surfing
Benefits Accessed: Income Protection (Specific Injury**)
** The Extras Package Specific Injury Benefit is built in lump sum payout of a set number of months depending on bone broken with the required use of a pin, plaster cast, traction, or other immobilising device.
The broken shoulder meant that with proof that he required a sling, he would be paid 2 months of IP, irrespective of time off work.

  • Claim Amount Paid:


Condition: Systemic Sarcoidosis.
Due to the ongoing investigations and being so unwell, the client has not been able to work since 19th May 2022 thus fulfilling his 30 day wait by 24th June 2022. He returned to work part time as of September 2022, and we continue to process an ongoing back claim for him each month to ensure that the difference in pay and sum insured is fulfilled.
Benefits Accessed: Income Protection

  • Claim Amount Paid To Date:

    (Ongoing claim)

Condition: Shoulder fracture
Benefits Accessed: Income Protection (Specific Injury)

  • Claim Amount Paid:


Condition: Wrist fracture
Benefits Accessed: Income Protection (Specific Injury)

  • Claim Amount Paid:


Condition: De Quervain’s Tenosynovitis
Benefits Accessed: Income Protection

  • Claim Amount Paid:

    (Ongoing claim)

Want to know more?

If you have any questions about how we can help you with insurance and income protection for doctors, book a complimentary meeting at a time that suits you.