Surgery Insurance

Clearly, the insurance you have for the buildings and contents of the Surgery is crucial. With this in mind we have developed a policy in conjunction with a major insurer to provide very competitive and comprehensive cover.

The following provides a brief review of some of the major considerations you need to take into account when arranging your Surgery Insurance:

Buildings

Ideally, this would be all risks cover to ensure that premises are fully reinstated in the event of the worst happening. To help avoid underinsuring your property and reducing any claim payout there are some simple steps you can take. To check your buildings are insured for the correct amount, we recommend you periodically carry out a building survey based on the rebuilding cost and not the market value. For an indication you can visit the website of the Association of British Insurers (ABI) at www.abi.org.uk. Your “sum insured” is kept up to date by ensuring your policy is index linked. This is quite a common policy feature now. However, you must make sure the original sum insured is correct when taking out the policy. You must keep your Insurance Broker informed of any changes to your property that will affect its value; for example building an extension or upgrading the quality of the interior fittings

Contents

Again, this should be on all risks basis to cover all eventualities. You should also seek for a contract to cover aspects such as loss of money, medical bags, equipment etc. Additionally, practices as with all business, have an increasing need and reliance on computers. It is crucial to ensure your IT equipment is adequately insured, and that in the event of a claim, new equipment will be quickly provided to ensure the surgery can be up and running in the shortest time possible. If you do not have computer cover you do not benefit from the recompilation of data lost as a result of the damage to the computer.

Subsidence Cover

Property damage to buildings cover tends automatically to follow the contents section on a commercial all risks basis, but you should check whether this is covered and not merely assume that it is. In the event of a claim the excess, that is, the amount you have to pay is normally £1,000.

Liability

Like any other organisations doctors` practices are required by law to have Employers Liability (EL) as well as motor insurance cover. All surgery Policies carry EL cover as well Public Liability (PL) cover the normal limit for the PL is £2,000,000. Revenue protection/ Business Interruption – In the event of a material damage claim to your property, if your practice had to close even for a short period , your income would drop yet you would still need to pay bills and wages. Business interruption is available to cover this eventuality. Cover is available for gross fees and other practice income, which would include loss of income for professional services and the additional expenditure needed to avoid a reduction in your income. The increased cost of working would include relocation costs, advertising and increased rents.

Apart from ensuring the main aspects of the surgery are covered, value can often be obtained from the “incidentals” within a policy e.g. are vaccines covered, and to what level so as to provide an appropriate allowance for seasonal variations; keeping your insurer notified of any improvements or changes to security arrangements e.g.changes to the security such a new alarm system.

We have been advising and arranging appropriate surgery insurances for practices throughout the UK for over 30 years. Let us check your existing cover – provide us details of your existing insurance (your renewal documents or schedule will tell us all we need to know) and we can advise as to whether or not we can provide better value cover. If you are better off staying with your existing insurers we will tell you exactly that, so at worst you will have peace of mind. There is nothing to lose and, potentially, savings to be gained!

To enable us to provide a quotation, please call us to discuss details of your existing cover (or email the information to us at jillb@robjh.co.uk or fax us on 01245 491641). We will then provide a quote and full details of the cover. Alternatively, simply let us have a note of your renewal date and we will contact you nearer the time.

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Dental Insurance and Hurst Group are trading styles of R. J. Hurst and Partners Ltd.
Authorised and regulated by the Financial Conduct Authority.
Registered in England (No. 492768) 131-133 New London Road, Chelmsford, Essex CM2 0QZ