Testimonial –Obstetrician, Gynaecologist & Fertility Specialist
As a busy obstetrician& gynaecologist, it wasn’t easy to find the time to really consider the various indemnity products available to us. But it was well worth the time and effort. Since graduating from medical school, I came to regard all indemnity providers’ products as essentially the same, with a few minor variations here and there. I was surprised to learn just how wrong I was.
Besides some important differences, like the ability to decide myself whether a claim was simply settled or disputed to clear my reputation, and the exclusion of legal costs from the total liability amount, Tego offered something no other provider did (and I asked all of them!): they tailored my indemnity policy to my actual practice.
Being a FRANZCOG doesn’t necessarily mean 100% of my billings comes from the high-risk practice of obstetrics; I work also in gynaecology and fertility, both of which represent a lower claims risk to me and my indemnity provider. When I enquired with my previous provider why they could not consider the makeup of my billings (which were about 20% “obstetrics” by their own definition), I was simply told “because that’s the way it has always been done”. Effectively, a FRANZCOG who mixes their practice pays premiums to subsidise those who may work exclusively in obstetrics.
Not only was Tego’s policy equal to the best policies on the market in terms of cover and facilities, it was significantly more affordable; more importantly, it was reflective of my actual practice. My previous provider sought to “match” my Tego quote, without changing the terms of their policy. But Tegowas the only provider who hadproven themselves to be innovative and responsive to the needs of their market – us – just like we strive to be innovative and responsive to the needs of our patients. We don’t adopt a “one size fits all” approach to our patients, and you shouldn’t settle for such an approach from your indemnity provider.