Professional Indemnity Insurance for Doctors & Hospitals in India

Doctors typically must consider several key factors, when looking for professional liability (negligence) insurance:

1. Coverage Scope: Assess the extent of coverage the policy offers, ensuring it covers their specific medical specialty and practice areas.

2. Policy Limits: Evaluate the policy limits to determine the maximum amount the insurance will pay for claims. including both per-claim and aggregate limits.

3. Premium Costs: Cost is a significant consideration, and seek affordable options that fit within their budget.

4. Claims History: Review the insurance company's claims history and reputation for responsiveness and fairness in settling claims.

5. Tail Coverage: Consider whether the policy includes tail coverage (extended reporting period endorsement) to cover claims that might be filed after the policy has expired.

6. Retroactive Date:

7. Confirm the retroactive date, which is the earliest date from which coverage begins and ensures past acts are covered.

8. Consent to Settle: Asses whether the policy allows you to have a say in whether a claim is settled or defended.

9. Financial Strength of the Insurer: Check the financial stability and rating of the insurance company to ensure it can meet its financial obligations.

10. Policy Exclusions:  Review the policy's exclusions to understand what specific situations or practices are not covered.

11. Risk Management Services: Consider valued insurance providers (Broker) that offer risk management services and resources to help mitigate potential liabilities.

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13. Each doctor's needs may vary, and it's important to choose a policy that aligns with their specific practice and risk profile.
    

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