Buy Professional Indemnity Policy Online: A Comprehensive Guide 2024!

Professional Indemnity is a liability insurance that safeguards professionals like doctors, accountants, and lawyers against legal claims, including breach of confidentiality and loss of documents. For doctors, this insurance can act as a safety net if their patients bring claims of medical negligence and malpractice on them. Yes, we rely on doctors in medical emergencies, but let’s not forget that they can even make errors. In the case of such errors, insurance providers offer them Professional Indemnity. 

In today’s digital world, if you want to protect yourself from financial losses incurred by a patient’s legal claims, you can obtain a Professional Indemnity policy online. At CoverYou, you can buy Professional Indemnity Policy online by filling in important information, including your name, address, contact no, specialization, and more. Let’s check out a comprehensive guide to Professional Indemnity for doctors and other medical professionals. 

How to Buy the Right Professional Indemnity Insurance?

With increasing medico-legal cases, insurance providers like CoverYou have understood the importance of Professional Indemnity. But, you must seek a policy that would fit all your requirements like a glove. Here are some factors you must consider when purchasing Professional Indemnity insurance. 

Liability Limit

Select a Professional Indemnity policy allowing you to personalize the liability limit or the amount you want to be insured. As a doctor, it is your primary responsibility to treat your patients with appropriate medical care. But if you make an unintended serious medical mistake, the legal case can go on for a long time. In such a situation, you need to extend the liability limit of your Professional Indemnity policy. At CoverYou, we have a passionate and dedicated team of experts who are well-skilled in such situations. Hence, we devise personalized Professional Indemnity for doctors. You can set a liability limit based on your specialization and potential legal and financial risks. 

Maximum Coverage

As a medical practitioner, you cannot predict a medical error and whether your patients will file legal claims against you or not. Assuming they would, you need to select a Professional Indemnity plan that would provide you maximum coverage. Starting from claims involving medical negligence, errors, or malpractice to breach of confidentiality and loss of documents, CoverYou’s Professional Indemnity protects doctors from it all. 

Easy Claim Settlement

When you’re choosing an insurance plan, make sure the claim process is easy and rapid. Since you are from the medical profession, you cannot miss out on your responsibilities just because your patients have filed legal cases against you on medical grounds. You must seek Professional Indemnity from a place that would offer easy claim issuance within hours if not minutes. With easy claim settlement, you can resume your duties like before. With CoverYou’s thoughtful Professional Indemnity plan, you can even request a claim settlement out of court.  

Add-on Benefits

Check whether you’re getting any extra benefits on the Professional Indemnity insurance. If you’re applying for a Professional Indemnity from CoverYou, you can take advantage of several benefits, which include 2-hour lawyer allocation, out-of-court claim settlement, and second-level medical expertise from 200+ senior doctors’ panels, among others. 

What are the Benefits of Professional Indemnity Policy Online?

You can acquire a Professional Indemnity policy with just a few clicks if you’re applying for it online. There are several benefits of buying a Professional Indemnity policy online.

• The premiums of Professional Indemnity are comparatively less if you purchase one online. For instance, CoverYou offers premiums starting at Rs. 299 for Professional Indemnity for doctors. 
• Most insurance providers like CoverYou offer 24/7 customer support where customers can ask questions about the Professional Indemnity policy. The experienced customer service assistant will guide you with whatever help you require.
• Applying for a Professional Indemnity policy online would require you to stand in long queues, which seems time-consuming. But if you apply for the same insurance online, it will need little to no paperwork. Also, the online process is time-saving and hassle-free. 
• You can purchase Professional Indemnity from anywhere in the world if you’re doing it online. All you have to do is fill out an application form, and the insurance provider’s experts will give you the quote online, and like that, you can make an informed decision. 

Final Thoughts

In the fast-paced world, staying in line for hours to apply for Professional Indemnity insurance is impossible, especially if you’re a doctor. CoverYou thus has come up with a comprehensive Professional Indemnity policy that you can apply for digitally. Just fill in the necessary details, and you will get the policy estimate. At CoverYou, we understand that every doctor has their own area of expertise. Hence, we customize these plans according to their requirements and specializations. 

Sources: https://www.godigit.com/business-insurance/professional-indemnity-insurance