Quotations Provided by Quotezone
Surgery insurance is an absolutely essential investment in order to protect you, tailored to suit doctors, dentists, vets, osteopaths, chiropractors and alternative therapists, it must be a priority for any business. By communicating with a respected insurance provider, you should be able to understand what exactly you require insurance cover for. Running a surgery presents its own set of challenges, which are unique to any other working environment, so it is important that your surgery insurance policy reflects this.
There are numerous things to take into consideration when thinking about surgery insurance, for example, you must remember about the potential theft of computers and other IT equipment, but you might also require cover in the event of damage by flood or fire which could prevent you from trading. There are many risks to running a surgery, and to ensure that you and your business are never out of pocket, it is highly recommended that you invest in adequate surgery insurance.
You should expect a surgery insurance policy to cover the following as standard with the ability to include additional cover if required:
• Business contents cover: protects your furniture, equipment, and any stock, usually up to approximately £2 million, but this could be increased
• Employers’ liability cover: this is legally required if you employ staff, and is designed to provide financial protection for damages, legal costs and expenses, should a member of staff become injured at work
• Public and product liability cover: this is essential if you come into contact with the public in your surgery, which no doubt you will. If a member of the public, or their property is damaged or injured, you will need financial protection.
• Loss of income: this usually only applies if it is caused by an insured event, but could help you out when times are tough through no fault of your own.
When looking for a surgery insurance quotation, it is strongly advised that you know the value of your business’ contents and equipment, the rebuild value of your property, and the details of any loss, damage, injury or disability in the last 3 years.
Once you have your surgery insurance policy up and running, you will be safe in the knowledge that you have adequate financial protection in almost any eventuality. If the circumstances of your business change, ensure that you inform your insurance provider as soon as possible, as it could save you money on your annual premium.