On the rare occasions when things go wrong, it is vitally important that you have indemnity cover you can rely on when you need it most. Contractual indemnity insurance is a legal contract that ensures that support is always there, underwritten by CFC Underwriting Limited who are authorised and regulated by the Financial Conduct Authority.
The UK indemnity market is dominated by three large mutuals, known as Medical Defence Organisations (MDOs), each of which was founded over a century ago.
Between them they indemnify over 80% of consultants in private practice, and whilst they have served the profession well in the past, their mutual members’ club approach is considered by many to be outdated and no longer fit for purpose.
Indeed, the sector is awaiting a response to a Government consultation which asked whether fundamental reform of medical indemnity is required.
Recognising that the discretionary cover offered by the MDOs is both expensive and often inadequate, we have partnered with the one of the world’s largest insurance brokers to offer a group insurance scheme that will provide our clinicians with, not only substantial savings when compared to the traditional medical defence organisations but also a higher standard of medical indemnity cover.
Contractual Insurance provides the certainty and flexibility you need as you build a successful private practice.
15 Reasons to use Medmin Insure for your Medical Indemnity:
The indemnity offerings from the MDU, MPS and MDDUS are all unique, but we have
sought to highlight the key elements in the comparison table below.
* For further details of terms and conditions please refer to the Medmin Insure policy wording.