What You Need To Consider About Insurance in the Medical Sector

 

When you work in the medical sector, whether as a GP, pharmacist, optician, dentist, physiotherapist, or even a vet, there are certain types of insurance cover that you need to have. Some of these, such as Employers’ Liability insurance and Public Liability insurance, are not optional. You have to have them to cover you if one of your employees is injured while at work and is able to claim compensation. The same is true if a patient has been misdiagnosed, for instance, and suffers because of that, or if, say, an electrical contractor doing some work in your practice has an accident.

So those types of insurance are a requirement of the job. There are also situations where you might have a mortgage on the premises, and the mortgage lender will require insurance to be in place. In addition, you should obviously have contents insurance, and insurance for drugs, refrigerated vaccines, precious metals, personal effects, and so on. To some extent, insurance for those sorts of things is optional, but it would be very unwise not to have it in place.

Locum insurance Is Not A Requirement

The same is true of locum insurance. It is not a requirement, but the fact is that locums are being used more and more in the medical sector. This can be for several different reasons, one being that one of your partners – or for that matter you yourself – could go sick and be away from your practice for a couple of weeks, a month, and in some cases a lot longer.

You might get called up for jury service. OK, it may never happen, but then again it could happen next week. Maybe not an issue if the trial only lasts for two or three days, but some go on for weeks and weeks. How do you know?

You could get stuck overseas after a holiday. This happened to lots of people during the pandemic, so they were unable to get back home, and were in some foreign hotel for a month or whatever.

The locum insurance that we can provide for you at Approachable Locum Insurance can cover you for the considerable extra costs of hiring a locum under any of these situations, and more, such as paternity leave, suspension cover, revalidation, and so on.

Furthermore, our locum insurance policies have a continuation option which means that they cannot be cancelled or restricted at renewal regardless of how many claims may have been made.