Doctor professional indemnity insurance » General

ID #1255

Can doctors professional indemnity insurance be ported to new insurance company as in the case of health insurance and motor insurance and does the new insurer give the benefit of retroactive coverage for cases which may arise in previous policy years?

Yes, the insurance can be purchased from the new insurer before the expiry of the current professional indemnity policy subject to nil claims declaration on doctor's letterhead along with proposal form for issuing the policy from the new insurer.
The new insurer will issue the policy and mention the retroactive date as mentioned in the last policy issued by previous insurer. The claims arising for the previous years will be handled by the new insurer as per policy terms and conditions and sum insurted of the previous policy.

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Last update: 2019-06-12 15:50
Author: Admin
Revision: 1.0

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