GP Locum Insurance

Staff absence can cause major financial strain on a GP Practice. So, if you or a member of your practice becomes incapacitated, how would the business continue to cope with its ongoing financial commitments?

Our Locum Insurance product, known as Practice Absence, offers financial support when you need it most. Unlike Income Protection, which compensates for a loss of personal earnings, GP Locum Insurance provides financial assistance with the day-to-day expenses of the business should you, your partners or staff become unable to work.

Click here to get an instant online quote!

Typical expenses may include:

> The costs of employing a Locum        > Salaries and wages
> Overtime / Extended surgery hours     > Equipment rental
> Utility bills (electricity, water etc.)       > Rent / Loan payments

Following a claim the weekly benefit can be used to cover the cost of any practice overheads and the benefits can continue for up to 52 weeks. Our GP Locum is an all-encompassing policy, which can offer protection to all participating principals and partners as well as any other member of the practice.

Key features and Benefits of Practice Absence Insurance:

> Cover for sickness and accident 
> Weekly benefit ranging from £400 to £2500 per week 
> Low cost – from only £4 per week
> Benefit payable for up to 52 weeks 
> 14 or 28 day deferred period 
> Other options available upon request
> Optional lump sum benefit for death or permanent incapacity
> Optional 10 interest free monthly instalments

Practice Absence Insurance also has an optional lump sum feature that can provide your practice with a tax-free lump sum benefit of up to £150,000 in the event of accidental death or permanent incapacity where an insured person is unable to return to their usual or similar occupation (for which they are qualified and suitably experienced) after a 12 month period.

To obtain your monthly premium simply select the benefit you require and cross reference with your chosen deferred period. You can choose to have the weekly benefit combined with the lump sum or on its own. Costs are per person, subject to change and include Insurance Premium Tax at 5%

To view deferred periods, premiums, policy information and application form please click on the link below:

> DDA Practice Absence Insurance summary

> Practice Absence Insurance summary 

To discover the benefits of Practice Absence Insurance through Lloyd & Whyte - Medical Division simply click on Online Quote above and complete the brief form. Alternatively you can call us on 0845 241 3328.