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Professional Indemnity Insurance in the US - Procurement Research Report

Professional Indemnity Insurance Procurement in the US

This report is intended to assist buyers of professional indemnity insurance, also known as professional liability insurance or errors and omissions insurance. For medical professionals, it is commonly called medical malpractice insurance. This insurance provides coverage against negligence claims made by clients. It covers the cost of defending against the claim and paying any damages awarded to the litigant. Different types of indemnity include repairs, replacement, cash payments and reinstatement. Buyers include healthcare providers, law firms and technology companies, while suppliers are direct insurance carriers and agents and brokers. This report excludes other types of insurance, such as building contents insurance, cargo insurance, reinsurance and business interruption insurance.


AT A GLANCE

EXECUTIVE SUMMARY

PRICE ENVIRONMENT
Price Fundamentals
Price Drivers
Recent Price Trend
Price Forecast

PRODUCT CHARACTERISTICS
Product Life Cycle
Total Cost of Ownership
Product Specialization
Related Goods
Substitute Goods
Regulation

Quality Control

SUPPLY CHAIN & VENDORS
Supply Chain Dynamics
Competitive Environment
Market Profitability
Switching Cost

PURCHASING PROCESS
Buying Basics
Key RFP Elements
NEGOTIATION STATISTICS

BUYER POWER SCORE COMPONENTS

JARGON & GLOSSARY

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