Consultants Private Practice Medical Indemnity Insurance Savings!

MIC recently released their new Medical Indemnity Insurance product to Consultants with a great reception.  The product covers all indemnity needs for private practice and gives medico-legal helpline if you need it.  We don’t blanket rate specialities, like most MDO’s, we look at you as an individual and quote you a price based upon your roles, income and history.  Indemnity limits are available to suit your needs or the limits set down by the private hospital you may work for, be it £1 million, £3 million, £5 million or £10 million.

Current savings being achieved are at least 25% off your existing membership rates/premium.

To see what you could be saving just give us a call on 0800 163870 or email medmal@m-i-c.co.uk .

Remember that MIC is not a one trick pony and can assist you in all your business insurance needs as well as many personal ones.

Medical Indemnity insurance for Consultants and Specialists private practice

MIC are pleased to announce that we are now able to expand the medical professions we can provide insurance for.  The new package available to us is designed specifically for a doctors private practice work, providing medical indemnity (also known as medical malpractice) insurance for this work that is not covered by NHS indemnity.

To obtain a quotation please click here.

A brief summary of the benefits are:

  • Various levels of indemnity
  • Cover claims for clinical negligence
  • A Claims Made policy
  • Libel & Slander cover
  • Breach of confidence cover
  • Defence costs, including GMC proceedings
  • Professional Indemnity cover for review boards and expert reports
  • 24hr Medico-legal helpline and claims reporting
  • 10 years run-off cover at expiring limit of indemnity, plus a further 10 years at £1 million in death or permanent retirement
  • Legal expenses insurance for disciplinary non-clinical matters including the NHS
  • Good Samaritan Acts worldwide

Questions on Surgery Insurance

Our Policy Director Simon Downing is currently the Ask The Expert on Insurance for Management In Practice and he would welcome any questions from our clients.  He has recently submitted his responses to questions asked and could see that there is a definite focus on Surgery Insurance cover.  Mainly, how to ensure they have the correct level of cover and to pay as little as possible for it.

There is no simple method or magic answer to adequate insurance cover.  We as a broker ask the questions that give enough information for us to provide a quotation, as no one wants to be on the phone for ages or completing a confusing and lengthy proposal form.  We aim to simplify the process as much as possible, but there is heavy reliance upon being provided with accurate information.  If you are in doubt of your level of cover pick up the phone or send an email and ask, because if we can’t help we will be able to point you in the right direction.

We welcome your questions.

Locum costs spiral due to shortage

Medical Insurance Consultants recently contributed to an article written by Pulse outlining the increasing costs of obtaining a Locum GP.  Pulse selected MIC, due to our specialism and long standing in the field of Locum Insurance cover, to understand how the fee’s charged have increased quite dramatically over recent years.

What do you think of the costs of Locums in your area and is there anything we can do to help make the process smoother when claiming?

To read the article visit the Pulse website or click here.

Welcome to the MIC blog

Welcome to the MIC blog where we will be talking about all things relevant to the insurance needs of healthcare professionals, including:

We will also be looking at issues raised by our clients, regulatory bodies and the insurance industry to give a better understanding to all.