When the time comes to renew your medical indemnity insurance, it’s easy to stick with the same insurer. This could be a costly decision, because you might do better by switching. As a consumer, you are well within your rights to shop around and obtain alternate quotes. In fact, a regular review of your medical indemnity insurance is the best way to ensure you are getting the right coverage and a fair price.

Why Switch?

There are a multitude of reasons you may choose to obtain a medical indemnity insurance quote:

• Your circumstances have changed – you are starting in private practice, changed or expanded your healthcare specialty, or your billings have increased or decreased since last year
• You’re eligible for other discounts – based on your age and history, you may qualify for significant discounts with a new policy. You may also be entitled to discounts if you are starting out in private practice.
• You want better value –  your current policy worked for you in the past, but is no longer competitively priced
• You want better cover – your current policy may not have recently introduced coverage features – obtaining a medical indemnity insurance quote will allow you to compare cover across the different medical indemnity insurers.
• You’re paying more than you should – you’ve been claim-free for several years but your premiums keep increasing.
• You want better customer service – you’re experiencing poor service and response times with your existing medical indemnity insurer and may have had difficulties when making a claim or seeking medico-legal advice.