switching medical indemnity insurers as being
whether their `tail' will be covered i.e.
"I've practised for 10 years and been insured
with the one insurer. If I move to a new insurer,
will they cover a claim that develops tomorrow
from a patient I treated 10 years ago?"
the decision to switch should be based on a
number of other equally important factors,
as summarised in the table opposite.
service, when their colleagues suggest they
switch or when they discover another insurer
is cheaper. So, if the time has come for you
to switch, it's essential to do it safely. The
first step is to seek expert advice based on
your particular circumstances medical
indemnity and the legislation surrounding
it is complex.
owned Invivo, which is backed by QBE
Insurance. Doctors previously insured with
Invivo have or will be offered renewal into
MIGA upon expiry of their Invivo policy. This
may lead to changes in cover and premium.
Organisations(MDOs)tochoosefromwhen
selecting a medical indemnity provider
Avant, MDA National, MIGA and MIPS.
or mentors, and often they do so as a medical
student or young doctor at a time when
most policies are either free or a few hundred
dollars.Overtime,premiumscanriseto
tens of thousands of dollars for higher-risk
specialities, and the policy originally chosen
may not suit their particular circumstances.
needs covered.
of Medical and General
Risk Solutions.