The festive period is usually an opportunity to spend time with family, a chance to reflect on the year, and quite often overindulgence! Our insurance requirements are not usually top of mind. However, as we enter 2019, it is important to make sure that you and your family are sufficiently protected.
12 insurance tips for 2019
Did you know that Insurance Journal estimates that it would cost more than £360,000 per year to insure the presents in the 12 Days of Christmas song? That includes livestock mortality, equipment breakdown, directors & officers liability, and cover for all the gold rings!
On the official “12 days of Christmas”, we are sure you will not be checking your insurance policies! So here they are a little early.
Read on for some tips to help with your insurance planning next year.
On the 1st day of Christmas…
Review your home security to avoid a break in this Christmas.
Protect your home over the festive period (and keep your insurance premiums down) with our top tips.
On the 2nd day of Christmas…
Choose the insurance policy that gives you the best cover.
If your high value motor is your pride and joy, consider a Prestige Car insurance policy for healthcare professionals (and don’t forget to check out our tips to reduce your premium).
On the 3rd day of Christmas…
If you change your business status, update your insurance.
As a dental or medical professional, you may be self-employed. If you have been advised to set up a limited company in 2019, make sure you consider the insurance implications.
On the 4th day of Christmas…
Read the small print and keep your insurance policies valid.
Did you know that when you die, it potentially invalidates your home insurance? Find out what you need to do if you find yourself managing a loved one’s estate.
On the 5th day of Christmas…
Protect your most important assets.
If you are a healthcare practitioner, for example a surgeon, your hands and your eyes are vital to your career. If something happened and you were unable to work, you will have lost your career and your income. You can plan for the future with Hands and Eyes insurance.
On the 6th day of Christmas…
Check your insurance policies for auto-renewal clauses.
It pays to shop around at each renewal period but busy healthcare professionals often find that they don’t have the time to review their insurances. Here are some tips that could save you £160 on your home insurance renewal.
On the 7th day of Christmas…
Shop around at each renewal period.
Quite often new customers get access to better deals than loyal customers. While this may not seem fair, it does mean that discounts and good prices can be found if you don’t just accept you renewal price and compare quotes when your policy is about to expire.
On the 8th day of Christmas…
Choose Cyber liability cover to support your GDPR compliance.
If you are a practice owner, you will be aware of the impact of GDPR. Make sure that you remain complaint – read about how data protection laws affect your practice and how Cyber liability insurance should be part of your insurance portfolio.
On the 9th day of Christmas…
Make sure you don’t undervalue your possessions.
If you are underinsured, your insurer may not pay out your full claim. Calculating your home contents, for example, is not easy but getting it wrong could leave you significantly out of pocket. Get it right – read our tips.
On the 10th day of Christmas…
Keep on top of your home repairs.
You don’t need the hassle of leaks or your boiler breaking over winter. It is never too late to make sure that your home is in top condition to avoid the need to make a claim.
On the 11th day of Christmas…
Work with a broker that you can trust. A good broker will help you find the right policy at the right price. As a healthcare professional you understand the importance of a specialist so choose a partner that understands your profession and understands your specific needs.
On the 12th day of Christmas…
Review your insurance policies to save money in 2019. We gave some top tips for saving money in 2018, don’t forget to take a look at these ahead of your insurance review in 2019.
Wishing you and yours a very Merry Christmas from all the team at All Med Pro!