We believe Medical Protection membership represents genuine value for money in protecting your career, offering excellent support, advice and defence for our members.
As a GP member with Medical Protection you have access to occurrence-based indemnity, which means you will not have to make any additional financial arrangements when you move to the new state-backed scheme, or leave membership.
Future protection is essential given that it can be 5 years or more between an incident taking place and the resulting claim being made.
While the MDU offer may be appealing at first glance, GPs should understand that this is not a discount on the MDU’s traditional arrangement; it is an entirely different indemnity product, which seems to offer substantially less than the indemnity they previously provided.
There is also no choice for MDU’s GP members in England but to move their indemnity for claims arising from their NHS contracted work, onto the new product at renewal. As a result, they will have to purchase additional ‘run off’ protection - unless they stay with the MDU and pay standard subscriptions until they retire, in which case the additional ‘run off’ costs would presumably be incorporated into their ongoing subscription fees.
This is because the MDU assumed that claims reported by their GP members after the introduction of the state-backed scheme would be picked up by the state at no extra cost to the member. The Government has now confirmed that this is unlikely to be the case.
In the short-term GPs may think that there are savings to be made with the MDU product, but they may find that these come at a more expensive and longer term cost.
This is why it is important that GPs take the time to carefully consider the different types of indemnity that are available to them, so that they can be confident that whatever they choose, it meets their needs – both now and in the future.