A new defence insurance policy gathers data for a quote from specialists’ profiles held in Healthcode’s Private Practice Register (The PPR).
According to Andy Foley, managing director of medical malpractice at global insurance broker Gallagher, its partnership with new company Doctors’ Indemnity will revolutionise the process for clinicians looking for insurance.
‘Previously, to get an accurate quote, clinicians would have to manually supply documentation to enable brokers and insurers to get a full understanding of their business and their insurance requirements,’ he said.
‘We are removing many of the obstacles clinicians faced and providing an automated and streamlined service. We work with a broad range of insurers, so clinicians using the service can be assured that they are getting access to a wide range of cover and policy options.’
Consultants’ PPR profile data held by the healthcare IT provider includes detailed practice information that feeds directly into the quote application.
Doctors’ Indemnity said this removed an administrative burden for consultants, ensured errors were avoided and gave insurers the confidence to allow them to price and quote accurately for each consultant’s practice.
Founder and director Lloyd Bowden said: ‘This is a game-changing new initiative that will raise the bar in the indemnity market while offering doctors and their patients optimum support, value and reassurance long into the future.’
Quotes can be obtained from multiple insurers to ensure competitive pricing and terms. Few private GPs have a PPR profile, so the firm said it would supply an electronic form for manual completion.
Doctors Indemnity said it works with Healthcode under a commercial relationship in providing information, with individual applicant’s permission only, to assist in completing doctors’ quotation requests.