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When comparing medical indemnity insurers in Australia, consider more than just price.

Key comparison points:

Policy structure
• Any one claim vs aggregate limits
• Automatic reinstatement
• Retroactive cover

Claims management
• Dedicated medico-legal team
• In-house vs outsourced claims
• Speed of response

Financial security
• Underwriter strength (e.g. Lloyd’s syndicates or global insurers)
• Reinsurance arrangements

Coverage breadth
• AHPRA and regulatory defence
• Public liability inclusion
• Telehealth and cosmetic coverage
• Run-off options

Pricing methodology
• Billing band transparency
• Discounts for part-time practice
• Claims-free recognition

A true comparison should assess wording differences, not just premium.

Tego works both directly with medical practitioners and healthcare organisations, and through insurance brokers. We support brokers who specialise in healthcare risk, while also providing direct access for doctors and clinics seeking medical indemnity insurance in Australia. This flexible distribution model ensures practitioners can access cover in the way that best suits their practice structure.

The cost of medical indemnity insurance in Australia varies depending on several key factors:

• Specialty and risk profile
• Annual billings
• Claims history
• Scope of procedures performed
• Public vs private practice mix
• Location and jurisdiction

Indicative ranges:

• Low-risk non-procedural specialists may pay from a few thousand dollars per year.
• Higher-risk procedural specialties (e.g. surgery, obstetrics) can pay significantly more.

Insurers typically rate based on billing bands and specialty risk categories. It is important to compare like-for-like policy limits and ensure retroactive cover is maintained.

If you are a recent fellow or newly qualified specialist, your indemnity decision will impact your career long-term.

Consider:

• Starting in practice discounts: Some insurers provide a discount for new Fellows in their first few years of practice
• Continuous cover and retroactive date: Ensure your policy protects your entire training period and maintains an unbroken retroactive date
• Claims support: Look for access to senior medico-legal advisers, not just a call centre.
• Flexibility: Your practice model may evolve (public/private mix, procedural scope, telehealth). Choose a policy that can adapt.
• Transparent pricing: Understand how billing bands work and how premiums scale as your income grows.
• Run-off cover: Confirm your entitlements if you retire, move overseas or cease practice.