Professional indemnity insurance covers defense costs, the process of lawyer appointment, and associated costs i.e. charge of legal defense once a lawsuit has been filed against the insured. Listed below is the manner that would manage the claim, once triggered: Insured receives a legal notice or a complaint threatening legal action It is the insured’s […]
Do Veterinarian doctors face litigation?
Legal cases against veterinarian doctors Introduction Like any other doctor, veterinarian doctors have a huge responsibility on them. Understanding the problem of and treating a species that cannot speak what it feels is considerably more difficult than treating humans. People who entrust these doctors with their pets create a fiduciary relationship with them, and thus […]
What are the factors to consider while selecting DPI insurance providers?
A doctor’s liability insurance policy provides financial coverage to meet third-party claims. In case of medical negligence, a doctor has to bear hefty settlements and legal costs. That’s why doctors must buy insurance to cover such liabilities. All doctors must check some parameters before buying a liability insurance plan. These factors help one choose […]
How can I get the best doctor PI policy from the insurer?
Doctors need a professional indemnity policy to cover them against financial liabilities in case of a lawsuit. Since these lawsuits lead to heavy legal costs and major financial settlements, they can put doctors as well as hospitals under financial strain. Most find it difficult to get the right professional indemnity (PI) policy for doctors. Here […]
Do insurers vary in pricing for a doctor’s professional indemnity policy?
Pricing for a doctor’s professional indemnity A professional indemnity insurance policy covers doctors against third-party liabilities. A lawsuit filed in case of wrongful treatment or negligence can be expensive. The premium charged depends on many factors including the coverage and likelihood of the claim. Moreover, every insurance company follows its own pricing policy. The premium […]
Do past claims impact renewal premium for a doctor’s professional indemnity policy?
A doctor’s professional indemnity insurance policy covers legal expenses that might be incurred in the wake of unintentional errors or wrong diagnoses. It provides financial protection to doctors from third-party claims and legal costs incurred while defending lawsuits. Moreover, the policy also covers compensatory settlements payable to third parties. The tenure of the doctor’s […]
How to negotiate best pricing for a doctor’s professional indemnity insurance?
A doctor’s professional insurance policy provides cover against third-party settlements and legal costs in case of a lawsuit. In this article, we will share information on how to negotiate the best price when buying a doctor’s professional indemnity insurance. The premium is calculated on the basis of the following factors: Sum insured Firstly, the sum […]
Why do you need a Doctors Professional Indemnity policy?
Medicine is a noble vocation. Your work involves helping ailing persons get relief from health complications. In some cases, it is a matter of life and death. Nevertheless, a doctor can make mistakes. Mostly, these are unintentional and sometimes caused by negligence. Often, the negligence is on part of the support staff or assisting doctors. […]
What are the important features of a doctor’s PI insurance policy?
A doctor’s profession comes with the risk of lawsuits and compensation demands. A patient or a patient’s family can sue the doctor in the event of medical negligence or failed treatment. A doctor’s professional indemnity policy has proved to be of great help in bearing the financial burden of compensating a patient or the cost of […]
Right premium to pay for a doctors professional indemnity policy
A doctor’s professional indemnity insurance covers the financial risks that medical professionals face in case of negligence. A mistake at the hands of doctors can lead to death or medical complications. A lawsuit may be filed in case a patient is unsatisfied with the treatment. A doctor’s professional indemnity policy covers such potential liabilities. […]