Doctors Professional Indemnity

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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 with the treatment. A doctor’s professional indemnity policy covers such potential liabilities.


So what is the right price to pay for a doctors professional indemnity policy? The policy’s premium depends on a number of factors. Let’s take a look at them.

Sum insured

The premium is directly proportional to the coverage amount.

Type of risk group covered

The risk a doctor faces partly depends on the area of specialization. For example, the risk in case of a general physician is presumed to be lower than a surgeon. Thus, the type of risk group determines a doctor’s professional indemnity cost. The higher risk categories invite a higher premium.

Additional Read: What type of doctor has the highest malpractice insurance?

Expected earnings of the doctor

A doctor’s professional indemnity cost also depends on the expected earnings of the doctor being insured. The claim size increases with the earnings and so does the premium amount.

Limit of indemnity and its ratio

The DPI policy’s coverage is issued in an AOA: AOY ratio. This determines the amount of claim payable with respect to the sum insured. If the ratio is high, then the claim payable is low. Therefore, the cost of the doctor’s professional indemnity is also correspondingly low.

Size of establishment

The size of an establishment determines its premium rate for the DPI policy. The larger the establishment the higher will be the premium charged and vice-versa.

Renewal pricing

The premium amount changes upon renewal of the policy. It depends on the earlier claims made. The insured may get a premium discount if case no claims have been made so far.

How to reduce the premium? 

Below are some ways to reduce a doctor’s professional indemnity cost.

  • Do look for the applicable discounts.
  • It is crucial to choose the right coverage.
  • Choose only necessary extensions.
  • Compare premium quotes to get the best deal.
  • You should try to not make claims for small amounts.
  • Choosing a deductible reduces the premium amount.

Additional coverage 

The DPI policy allows extensions that are optional coverage benefits. The premium increases if an insured opts for these extensions.

We, at SecureNow, can help you compare the coverage and premium of multiple policies and get a customized quote.