Professional Medical Indemnity Insurance
PMP was developed to address the ever growing demand for up to date equitable personal indemnity insurance for medical professionals that offers all the safety nets of defending, protecting and rewarding good medical practice.
“The cost of Medical Indemnity Insurance has been one of the most commonly voiced concerns raised by members of BAAPS for some years and I am delighted to see that this new policy provided by a first class team with an outstanding financial footing allows BAAPS members to be assessed on their own practice backed up by the BAAPS audit and our Association’s proven track record in promoting safety in aesthetic surgery”
Nigel Mercer – President of BAAPS
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Value for money with PMP
At PMP we understand the sense of injustice medical professionals feel when they are paying up to 30% of their pre-tax profit for medical indemnity insurance.
That is why PMP work with highly experienced medical underwriters who will produce a bespoke risk assessment for medical specialists. If our underwriters believe you are an experienced, low risk professional PMP will in most cases be able to offer you a medical indemnity policy of comparable or better quality than your current provider at a significantly lower cost to you.
Advantages of Professional Medical Indemnity Insurance
As required by law to practise in the UK and Channel Islands, having Professional Medical Indemnity Insurance (Med Mal Insurance) provides protection to the health professional if legal action is taken against them. The purchase of Professional Medical Indemnity Insurance transfers the liability of payment of a successful negligence claim to the insurer. If someone sues the insured, the insurance company will conduct a thorough investigation in order to rule out unjust or frivolous claims. The insurance company will also pay the insured’s legal fees If negligence is proven, the insurer will pay the award amount, up to the coverage limit purchased by the insured.
Why you should have Professional Medical Indemnity Insurance?
As many as one in seven medical professionals faces a claim each year, and the occurrence of varying forms of medical malpractice accusations is estimated to be as high as one case per hundred hospital admissions. Many claims arise as a result of imperfect information and unrealistic expectation on behalf of patients, doctors, lawyers, courts and insurers.
Private healthcare experts can take out Professional Medical Indemnity Insurance that protects them from any type of negligence claim that could be brought against them.
Selecting the right Professional Medical Indemnity Insurance
The Professional Medical Indemnity Insurance market is constantly changing, and as a medical professional it’s important to ensure you are not overpaying and are getting quality Professional Medical Indemnity Insurance coverage at the best rates currently available. At PMP Insurance, we are so confident that we can provide the best combination of cover, service and premium, that we now provide a free no obligation online Professional Medical Indemnity Insurance quote 24/7, ideal for busy medical professionals in the UK.
- Lower premiums through an individual rating system
- 24 hour legal support with specialist lawyers
- A bespoke approach to your policy
- Optional excess available
- Premium finance available to spread the cost
- No claims discount
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