If one or more key members of staff is on sick leave or unable to work, your practice still has a number of financial commitments to make. Business (or Practice) Overheads insurance can support you through these periods – have you considered the worst-case scenarios?
Running a practice is a tough job and financial pressures are always top of mind. The NHS sickness reimbursements to cover GPs on sick leave were supposed to alleviate some of this stress. However, the numbers don’t always add up, and the experiences vary when trying to claim.
GP and dental surgeries have faced huge challenges from funding cuts and staff shortages over recent years. It’s only a matter of time before it takes a financial or reputational toll. Healthcare professionals in numbers According to Aviva, a typical healthcare practice employing five people should expect an average of 10.9 days of absence per…
Business Interruption (BI) insurance is a lifeline for practices who are struck by a disaster. However, many overlook this cover which could have business continuity consequences. The importance of Business Interruption insurance This insurance reimburses you for financial losses that occur as a result of an insured event and helps you to keep your practice…
Covering your practice’s obligatory costs if a key clinical team member is sick or injured can be stressful – but help is here for the smart practice owners who choose Business Overheads Insurance. Review these scenarios where Business Overheads Insurance can be vital.
