Doctors Professional Indemnity

What are the factors to consider while selecting DPI insurance providers? A DPI policy is offered by multiple general insurance companies. Find out how you can select the best insurance provider for your coverage needs.

 

What are the factors to consider while selecting DPI insurance providers?

A doctor’s liability insurance policy provides doctors with much-needed financial coverage if they suffer third-party liabilities. Doctors are continuously engaged in treating human lives and if they make mistakes in discharging their duties, there are serious consequences. As such, if patients suffer due to the doctor’s mistakes, they might make a claim on the doctor which would result in hefty settlements as well as legal costs. Thus, doctors need coverage against these liabilities and a doctor’s PI insurance policy is needed in such cases.

A doctor’s PI insurance policy is offered by different insurance companies. While buying a doctor’s liability insurance plan, you should keep certain parameters in mind. These parameters help you choose the right insurance provider and buy professional indemnity insurance online. So, let’s assess the parameters that should be considered when selecting the right insurer – 

  • The coverage offered 

First, look at the coverage benefits which are offered by the insurance company. Usually, all insurers offer similar coverage benefits. However, they give their policies an edge by offering value-added features that enhance the scope of the policy. So, check the coverage offered by different insurance companies. Choose a company that offers the maximum coverage benefits which are also suitable for your coverage needs.

  • The premium charged

After checking the coverage benefits, the next important thing to consider is the premium charged by the insurers. Every insurance company has its own pricing policies and so, the premium differs across insurers. To buy professional indemnity insurance online you should compare the policies on the coverage offered vis-à-vis the premium charged. Choose an insurer that is the most cost-effective compared to the coverage offered.

  • The flexibility offered

Doctor’s PI insurance also allows policy extensions and a choice to opt for long-term coverage. While extensions allow customization, long-term tenure allows continuous coverage without the hassles of annual renewals. Check the flexibility offered by insurance companies to choose an insurer that allows enough flexibility to help you design the coverage on your terms.

  • The claim details

The last thing to keep in mind is the claim record of the insurance company and its process of claim settlement. The insurer should have a high claim settlement ratio and should settle the claims with ease so that you don’t face any hassles at the time of claims. So, check the claim details of the insurance company and then make your choice.

You should keep these factors in mind when you buy professional indemnity insurance online. A policy bought from the right insurer would give you the best benefits. 

What are the factors to consider while selecting DPI insurance providers?

How SecureNow can help?

SecureNow has tie-ups with leading insurance companies allowing you the benefit of comparing between different insurers. You can use the afore-mentioned factors to find the right insurer for your doctor’s liability insurance coverage. You can also take SecureNow’s help in selecting the right plan for your needs. 

For more details click on

www.securenow.in


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