Healthcare professional insurance is a highly specialist product. It’s known to be expensive, and it can be challenging to find. There are three ways you can go about finding an insurance supplier.
Finding a Provider
- Approaching insurers directly – Commercial insurance providers commonly offer bespoke policy packages tailored to different professions, many of which include a specialist product or package for those in the healthcare sector. Most suppliers provide details of their products on their website, where you can find key policy benefits and exclusions, and generate an online quote.
- Going through a broker – Healthcare professional insurance is a complex product. No two professionals in the healthcare industry face the same risks, and it can be hard to determine a suitable level of cover and indemnity limit on your own. Brokers are experts who are familiar with the risks you might face in your industry, and who can find you appropriate cover to cater to your bespoke risk profile. There are also many specialist medical insurance brokers on the market, who have industry-specific expertise allowing them to make better-informed recommendations. Brokers also often have access to exclusive insurance products featuring more extensive coverage for more competitive prices.
- Comparison websites – A helpful starting point for any insurance market research is a comparison website. Here, you can search for a particular insurance product and view solutions from various providers in one place, allowing for easy like-for-like comparison on multiple products. You can filter your search results according to specific criteria to narrow down your search.
Healthcare Professional Insurance Providers
Hiscox
Comprehensive packages for medical professionals are available from Hiscox, who can provide cover against a range of liabilities. They have a number of tailored policies, including policies designed specifically for dentists, psychotherapists, nutritionists, opticians and therapists. Within their packages, they can cover public liability insurance up to a limit of £10 million, medical malpractice insurance, legal protection insurance and cyber insurance.
You can also choose to add a range of add-ons to your package, such as employers’ liability insurance and equipment breakdown insurance. You can generate a quote online through their website.
Servca Ltd (Broker)
As a specialist medical and professional indemnity broker and an independent Lloyd’s of London broker, Servca represents several medical associations. They can arrange bespoke medical indemnity coverage for a range of occupations in the industry, including anaesthetists, cardiologists, therapists, dentists, dermatologists, surgeons and more.
They offer extensive medical indemnity coverage, with flexible limits available up to £50 million. Their policies also include public liability coverage, run-off cover, reputational damage cover and data protection coverage. For support, policyholders benefit from a 24-hour helpline for professional advice for the duration of the policy. You can get in touch via phone or email or generate a quote online.
AJ Gallagher (Broker)
As one of the leading brokers in the healthcare sector, Gallagher offers specialist medical malpractice insurance to cover individual practitioners as well as NHS and private services. As part of their policy, you can arrange material damage, professional indemnity insurance, legal expenses, loss of revenue and public and cyber liability insurance. Included in their service, they also offer specialist risk management advice and provide policyholders with access to in-house medico-legal advisers. You can submit an enquiry on their website or get in touch over the phone to arrange cover.
Towergate Insurance
Medical indemnity insurance policies are available from Towergate Insurance, which can include acts or omissions such as misdiagnosis, patient referral delays and claims of physical or mental harm to a patient. Most of their policies are written on a claims-made basis, although they may be able to arrange run-off cover. They have two levels of cover, a standard plan and a new Indemnity Plus policy which can include cover for Good Samaritan acts, cover for private practice and data protection defence.
Towergate also offers a range of policies tailored to specific professions and practices in the healthcare industry, such as their surgery insurance, dental indemnity policy and pharmacy insurance. You can obtain a quote over the phone or on their website.
QBE Europe
With over 20 years’ experience providing medical malpractice insurance, QBE Europe can offer medical malpractice insurance as a standalone policy, or as part of a packaged deal featuring public liability, product liability and employers’ liability insurance. Their global presence puts them in a strong position to help clients around the world, including hospitals, clinics, medical practitioners and primary caregivers. Policyholders also benefit from QBE’s risk management services, enabling healthcare professionals to mitigate their risks. You can find your local contact through their website for more details.
Alan Boswell Group (Broker)
With a 4.8 out of 5 rating on feefo based on almost 6,000 reviews, Alan Boswell offer a medical malpractice insurance product designed to cover healthcare professionals against claims of wrongdoing and clinical negligence. Their policy can cover a broad range of healthcare professions, available to both individuals and companies, and even extends to freelance professionals who are under your supervision. Covered by the policy are legal expenses, cover for misdiagnosis, cover for inadequate treatment which has led to a claim, and financial loss due to medical negligence or breach of duty. You can send an enquiry through their website or get in touch over the phone.
Blackfriars Group (Broker)
Blackfriars Group can arrange comprehensive medical malpractice insurance, which bridges the gap between public liability and professional indemnity insurance. It can cover claims arising from bodily injury, including mental and psychological damage, as well as claims arising from medical advice or physical procedures. Their policies have flexible indemnity limits, varying from a minimum of £100,000 up to £10 million. They can also arrange policies on either a claims-made or claims occurring basis, and they can include run-off insurance in their plans. You can submit an enquiry online or request a call back to arrange a quote.
Insync Insurance
Medical indemnity insurance is available for a broad range of professions from Insync Insurance, including doctors, consultants, general practitioners and surgeons. Their policies can come on a claims-made basis, but they can also arrange extended reporting periods or run-off cover. You can purchase a plan with £1 million to £10 million of indemnity, although organisations may be able to arrange even higher indemnity limits. Good Samaritan acts have coverage as standard, as well as claims relating to a breach of professional confidentiality.
All policyholders benefit from access to expert medical, legal and claims support, as well as having a personal account manager. You can use their online live chat function for any queries, reserve a callback on their website or generate a quote using their online tool.
RMK Insurance Brokers (Broker)
Comprehensive medical malpractice insurance through RMK Insurance can cover a broad range of professions, including complementary therapists, dietitians, nutritionists, counsellors, nurses, dental hygienists, paramedics and many more. Their cover can provide indemnity of up to £5 million, and they can also cater to the bespoke needs of professions with more complex requirements, such as surgeons, cardiologists and radiographers. To arrange a quote or for more information, you can submit an enquiry on their website or call them directly.
ADF Insurance (Broker)
Cover for a broad range of healthcare professionals is available through ADF Insurance, who can offer extensive medical malpractice and medical indemnity insurance. Their policies can cater to medical establishments, such as fertility clinics, cosmetic clinics and nursing homes as well as registered medical practitioners including doctors, dentists, surgeons and nurses. Corporate health providers can also find cover, as well as supplementary medical practitioners such as pharmacists, speech therapists, paramedics and physiologists.
ADF’s policies can also cover e-Health and telemedicine, protecting practitioners that use technology for diagnosis, consultation or treatment. In addition, policies can cover negligence, breach of confidence and misuse of information. The insurance can pay out for the legal costs and expenses incurred in investigating and defending these types of claim. You can get in touch over the phone or request a review online.
St Giles Medical & Dental Indemnity
Marrying legal expertise with extensive medical knowledge are St Giles Medical & Dental Indemnity, with over 50 years’ experience providing indemnity services. They can create bespoke policies to indemnify medical practitioners against a range of liabilities, including medical negligence. Not only can they cover the legal fees associated with a claim as well as the settlement fees, but they can also provide expert knowledge and guidance throughout the legal process. Policyholders can access support and advice on claims through a 24-hour helpline. You can get in touch via email, over the phone or online, and you can generate a quote through their website.
