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 like the coverage and likelihood of claim. Moreover, every insurance company follows its own pricing policy. The premium varies even […]
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. The premium is calculated on the basis of the following factors: Sum insured Firstly, the sum insured directly impacts the premium. Doctor’s speciality Statistics show specialists […]
What is the right price to pay for a doctors professional indemnity policy? A doctor’s professional indemnity insurance policy covers 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 […]
There are various insurance companies which offer doctor’s professional indemnity insurance at various price points. The below infographic explains various factors that affect the doctor’s professional indemnity premium and also the right price to buy this policy.
How is a premium for Doctor’s Professional Indemnity calculated? A Doctor’s Professional Indemnity Insurance policy covers financial liabilities that medical practitioners face in case of negligence or errors during the treatment. The policy covers legal costs and the compensation amount. The sum insured and the level of risk determines the premium’s policy. Below are the factors […]
How much does a Doctor’s Professional Indemnity Insurance cost? There has been a rise in patients filing liability claims against doctors even though doctors have always been highly respected in our society. These suits are either because of a few doctors engaging in malpractices or certain hospitals recommending unnecessary medical procedures. Many are now looking […]