It has been reported that GP indemnity costs have gone up by 25% in just one year according to a Pulse Today report.
The survey carried out in August reported that the annual fee for a GP doing 10 sessions a week had gone up to £11,320 in 2015, as member annual cost per session rose from £869 to £1,132 in the last 12 months.
This has concerned many people in the profession because it has been reported in a survey by Urgent Health that a high percentage of GPs are limiting the amount of Out of Hours shifts they do because the cover is too expensive.
With this said, Private sector firms are stepping in and claiming that they can reduce the cost of the insurance by up to 75%, but this may come at a risk of not being fully covered according to Pulse.
The Medical Defence Organisations have ensured GPs that they remain Not-for-profit, and will support GPs with any claims that arise, even if the GP is retired or ceased practice years before.
This poses a question which every GP must ask – Do they keep paying the increased fees from the MDO or do they shop around for cheaper indemnity that might not cover them for all possibilities?