Locum Cover

Staff absence can cause major financial strain on a GP practice. So, if you or a member of your practice becomes incapacitated, how would the business continue to cope with its ongoing financial commitments?

Our Practice Absence Insurance policy is specifically tailored to the needs of medical professionals. In the event that you need to employ a locum GP it offers financial support when you need it most. Unlike Income Protection, which compensates for a loss of personal earnings, Practice Absence Insurance can provide financial assistance with locum costs or simply the day-to-day expenses of the business should you, your partners or staff become unable to work.

Typical expenses may include:

• The costs of employing a Locum
  
• Overtime/ Extended surgery hours
  
• Utility bills (electricity, water etc.)
  
• GP Salaries and wages
  
• Equipment rental
  
• Rent / Loan payments

Following a claim the weekly benefit can be used to cover the cost of any practice overheads and the benefits can continue for up to 52 weeks.

Our Practice Absence Insurance is an all-encompassing policy, which can offer protection to all participating principals and partners as well as any other member of the practice.

Key features and Benefits of Practice Absence Insurance:

• Cover for sickness and accident
• Weekly benefit ranging from £400 to £2500 per week
• Low cost – from only £4 per week
• Benefit payable for up to 52 week
• 14 or 28 day deferred period - Other options available upon request
• Optional lump sum benefit for death or permanent incapacity
• Optional 10 interest free monthly instalments

To view the keyfacts, premiums and application form, please click here