We have seen an increasing number of Consultants being subjected to earnings audits by Defence Unions. They are asked to provide details of historical earnings, which are then reviewed against the estimated earnings the Defence Union have on record.
If the actual earnings are more than originally estimated, the Defence Unions, may well then recalculate the subscription, moving consultants into new earnings bands, resulting in a request for a further payment of thousands or tens of thousands of pounds. This then leaves the consultant with the option to either pay the additional charge or face the prospect of having their cover cancelled historically. Thankfully, with Primus you have another option.
Primus can offer a quotation for the coming year which would also include cover for the period that the Defence Union were cancelling. The cover can be provided at a significant discount to the additional charge requested by the defence union, saving you money whilst ensuring you have seamless cover.
Should you find yourself having had your cover cancelled or your renewal declined by a Defence Union, Primus are ready to help. We have underwriters that understand the medical indemnity market and the issues faced by modern consultants, taking a pragmatic view on providing cover.
We will take the time to understand your circumstances, whether it be for an issue with a direct debit leading to a missed payment or due to a small number of notifications having been built up. We will gather the information required by our insurance panel, present it to them and come back to you with your options. We treat consultants fairly, providing them with a premium which reflects their risk.
