01
Oct
There are a range of factors that each insurer may consider in determining the price for your medical indemnity insurance policy if you are a Doctor. If you are considering switching insurers or are taking out cover for the first time, here are some of the factors that an insurer may consider in preparing a premium quote for you :
- What is your speciality (such as a General Practitioner or a Dermatologist) ?
- What are your annual billings each year ? Generally the higher the billings the higher your premium will be.
- Your gender. Some insurers may differentiate pricing based on gender
- Your scope of practice. For example, if you are General Practitioner that does skin procedures then you may pay a higher premium
- The nature, amount and type of any past claims you may have had regarding medical malpractice
- How many years you have been in private practice
- Whether you have any conditions imposed on your license to practice with AHPRA
Why not let an adviser at Experien General Insurance Services help you with your medical indemnity insurance ? Contact us here at any time.
