When illness strikes or an unforeseen emergency arises which makes a key person unable to work, your dental practice could really feel the pain. It can be expensive to fill the gap, or you may just have to suffer…
Financially dentists can end up in more discomfort than their GP counterparts because of the way you’re funded. At a basic level a missing staff member means cancelled patient appointments. That means lost revenue as well as incurring the cost of a damaged reputation. To avoid this you’d need to find a way to cover the appointments, and that means cost.
A group locum insurance policy may be the perfect solution.
Tailored locum insurance from Practice Cover allows you to cover all your key practice staff in one policy. Each individual can be covered for a different amount and deferment period depending on the impact their absence may have on the practice.
When the policy pays out it’s your choice on how to spend the money. So you could cover the cost of a locum, or use the financial sum to pay existing staff to cover additional hours – or save it to pay for overheads or bonuses.
This flexibility empowers you to choose how to manage the situation. It is after-all your practice. This can help take the stress away from the individual at a time when they may need to recuperate.
So for a brighter, more secure future ensure all your associates and key members of staff at the practice enjoy peace of mind using Practice Cover’s specialist locum insurance. We will protect your personal and practice reputation as well as your bottom line.
The opinions presented in this blog are solely those of the author on behalf of Practice Cover Limited and they do not constitute individual advice. Practice Cover is a trading name of Practice Cover Limited and is authorised and regulated by the Financial Conduct Authority
