Where should I get private GP indemnity?

Indemnity cover

Indemnity can cover you for the following:

How much does indemnity cost?

The Medical Protection Society (MPS) sets the price of indemnity according to the amount of money you invoice. This figure may seem OK initially, but it is important to take into consideration any big outgoings or high fees when looking at costings.

You will need to estimate your annual earnings in order to know how much your indemnity will cost but most good medical indemnity insurance organisations will give you flexibility to claim a rebate if your earnings fall short of predictions.  

In order to become indemnified you will need to know the annual earnings from private practice, your specialty and any sub-specialties, your training, the scope of your practice and any cosmetic or surgical procedures that are likely to take place, any previous claims you have had and any active complaints you are managing.

Deciding which indemnity to get

When deciding which indemnity to take out you need to ensure everything you need is covered and there are a few things you want to ask before making your decision.

These include value for money, flexibility, the support provided, what happens when you retire and how easy it is to change providers. It's also a good idea to have a look at their track record statistics.