Indemnity premiums take into account a number of factors including the type of work being carried out, the usual number of hours worked and in some cases, specific procedures undertaken. Premiums are also influenced by a practitioner’s claims.

Premiums are set to cover the total anticipated liabilities arising from the risks being underwritten each year, as well as the costs of administering the policy and managing the claims. MDA National Insurance works very closely with Actuaries to ensure that premiums are appropriately set, determined by factors associated with risk and claims trends.

MDANI is an Australian licensed and regulated insurance company, and is therefore subject to meet specified capital requirements.