Indication of Premium
Calculating Indicated Annual Premium
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Medical Indemnity that works for you
We exclusively focus on medical indemnity in the UK and are the sole provider offering physicians and surgeons the choice between claims made or occurrence policies, allowing you to select what suits you best. Our competitive solutions, clear policy wording, and a committed team underscore our dedication to your peace of mind. With an ethos of obsessive customer focus, we ensure transparency and a new standard in medical indemnity that prioritises your unique needs.
If you are unclear on the difference or still need to decide which policy type is right for you, contact us for a chat, and we can discuss your circumstances and priorities.
“I have been impressed by the reliability and support provided by PMP. From the start, they prioritise customer needs and ensure satisfaction. Their support team is always accessible, knowledgeable, and eager to assist.
One standout feature is the exceptional value they offer. With competitive pricing, it feels like a personalised experience tailored to my needs. I wholeheartedly recommend PMP to colleagues seeking a reliable and supportive medical indemnity partner.”
Dr Anna Chapman, Consultant Dermatologist
Claims made
The policy limit covers claims made in each policy year. You are also covered for any claims arising out of circumstances a situation or event from which a claim may arise. you have notified to your insurer during the policy period. The cover extends back to your ‘retroactive date Every claims made policy should include a retroactive date. This is the date from which you are covered for claims arising from work performed after such date and made in the policy period.‘ which is usually the date your first claims made insurance policy started.
You will be provided with an annual limit of indemnity (LOI)The maximum amount the insurer will pay under a policy during the policy period. which applies for claims that arise from treatment undertaken after your retroactive date Every claims made policy should include a retroactive date. This is the date from which you are covered for claims arising from work performed after such date and made in the policy period. until the expiry of your active policy.
PMP Policies:
- All PMP claims made policies include free run-off cover for an unlimited period from the point that you permanently cease practising (subject to policy terms and conditions).
- If you switch to PMP from another claims made policy, PMP will provide you with the same retroactive date as your expiring policy.
Claims made example
In this example, the insured is covered by a claims made policy with a retroactive date of January 2021. The treatment in question is carried out in 2022 and a potential claim or circumstance is reported to the insurer in 2023. The 2023 policy will respond to this and should a formal claim be filed years later this 2023 policy will still respond.
Occurrence
With an occurrence policy, cover stays in place for treatment provided during that specific policy period – it does not matter when the claim is made against you. This means that when you stop practising, you’re covered for any claims that arise from treatment provided during that specific policy period, subject to policy terms and conditions. Therefore, with an occurrence policy there is no need for run-off cover.
Occurrence example
In this example, the insured is covered by an occurrence policy. The treatment in question is carried out in 2022 and
a claim is reported to the insurer in 2023. The 2022 policy will respond to this.
