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 professional […]
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. So […]
Who is the right insurer to buy a doctor’s professional indemnity policy from?
A doctor’s professional indemnity (DPI) policy safeguards medical professionals and establishments against liabilities and lawsuits. The liabilities are effectively a third-party’s losses. These occur due to an error of judgment or negligence on the doctor’s part. So, Who is the right insurer to buy a doctor’s professional indemnity policy from? Also, the increased awareness among […]
How do I buy a Doctor’s professional indemnity policy?
A doctor’s professional indemnity insurance covers third-party liabilities faced by medical practitioners. Even a small mistake during the treatment can cost a patient’s life. It can also result in disability or severe physical and mental trauma. In such cases, the patient or the family can file an indemnity claim against the doctor or the medical […]
How to file a claim under a doctor’s professional indemnity policy?
Doctors often undertake life-saving treatments and diagnoses. However, mistakes can occur in their diagnosis of an illness or in its treatment. In such cases, the patient may suffer severe consequences. These often lead to liability claims against doctors who are held responsible for the patient’s financial losses. So, How to file a claim under a […]