The amount of indemnity you require as a specialist doctor in South Africa is dependent on various factors, which may include your area of expertise, the risks associated with your practice, or the requirements of your medical association or regulatory body.
Medical malpractice insurance policies typically provide limits of indemnity ranging from R1 million to R50 million or more. However, specific specialties or practices, such as obstetrics or neurosurgery, may require higher limits of indemnity.
To determine the appropriate amount of indemnity for your unique situation, it is advisable to seek advice from a licensed insurance broker who specializes in medical malpractice insurance. They can assist you in evaluating your risks and finding the appropriate coverage and limits to meet your requirements.
It is essential to consider that the cost of a medical malpractice insurance policy may increase with higher limits of indemnity. Therefore, it is crucial to strike a balance between your coverage needs and your budget to find a policy that offers adequate protection without becoming too expensive.