How do premiums for professional indemnity insurance compare between different medical specialties

The medical specialties that typically have the highest premiums for professional indemnity insurance in India include:

1. Cardiology: Cardiologists face higher premiums due to the complexity and potential severity of their cases. They handle high-stakes procedures, increasing the likelihood of claims and legal expenses.

2. Gynecology: Gynecologists, particularly those specializing in high-risk surgeries or handling complex cases, tend to have higher premiums due to the potential for more severe outcomes and higher legal costs.

3. Oncology: Oncologists, especially those dealing with rare or aggressive cancers, may have higher premiums due to the high stakes and potential for severe legal consequences.

4. Neurosurgery: Neurosurgeons, who perform complex and high-risk procedures, often have higher premiums due to the potential for severe legal consequences and higher legal costs.

5. Orthopedic Surgery: Orthopedic surgeons, particularly those specializing in complex joint replacements or spinal surgeries, may have higher premiums due to the potential for severe legal consequences and higher legal costs

Factors Influencing Premiums
Other factors that influence premiums include the size of the hospital or clinic, the doctor's experience, and the type of medical equipment used. Larger hospitals and those with more advanced equipment tend to have higher premiums due to the increased risk and potential for more complex cases.
Insurance companies also have their own pricing policies, which can result in varying premiums for the same coverage benefits. SecureNow and ICICI Lombard offer professional indemnity insurance policies for doctors, but their pricing strategies may differ.

https://www.coveryou.in/blog/rising-cyber-fraud-its-effect-on-the-healthcare-industry/