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 like the coverage and likelihood of claim. Moreover, every insurance company follows its own pricing policy. The premium varies even […]

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Do past claims impact renewal premium for a doctor’s professional indemnity policy?

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 diagnosis. It provides financial protection to doctors from third-party claims and legal costs incurred while defending lawsuits. Moreover, the policy also covers compensatory […]

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How to negotiate best pricing for a doctor’s professional indemnity insurance?

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 […]

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