Keep an eye on the Practice Cover blog for handy tips, expert advice, and straightforward guidance to help keep your practice financially secure so you can focus on what really matters: caring for your patients with confidence and peace of mind.
As a company we’re fortunate to have had countless wonderful reviews from our clients and we all know that nowadays reviews carry a lot of weight. I know, myself, when I want to buy something I take a few minutes to see what others think of the...
When you bought your locum insurance maybe what appealed to you was the option of ‘continuity of cover’. It’s a safety net that many doctors want. It means the underwriters can’t withdraw or restrictyour cover if you make a claim, or if – as...
This week, Pulse reports that nearly 90% of practices struggle to find locums. If your practice is one of those which can’t get their hands on a locum, does that mean the good money you’ve spent on locum insurance has been wasted? Not, if you’ve...
Our end of year figures show the percentage of clients who renew with us. In 2015, that number was 92%. Is that good? We asked Lynda Cox, our principal: “I’ve looked at other lines of insurance and a customer loyalty rate of 92% – in tandem with our strong...
When illness strikes or an unforeseen emergency arises which makes one of your key people unable to work, your GP practice could really feel the pain. It can be expensive to fill the gap, or you may just have to suffer…?? At a basic level a missing staff member...
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...
Have you seen the ‘Don’t pay a premium’ campaign being run by Which? It was launched in 2014 with an aim to get insurers to show the previous year’s premium on renewal documents, which 85% of consumers think would be useful. As a result, the ABI announced...
The professional medical industry has received a much needed boost thanks to the announcement that Pracice Cover will not increase locum insurance premiums next year. The news comes just one month after the Government increased the standard rate of insurance premium...
How important should these be when you’re choosing your locum insurance? How can you tell if the company you’re proposing to use is a good bet? Loss ratios In simple terms, this is ‘money in vs money out’: how much does the underwriter receive in premiums (and pay in...
How important should these be when you’re choosing your locum insurance? How can you tell if the company you’re proposing to use is a good bet? Premiums How often – in the past few years – have the company’s premium rates changed? Some companies charge according to...
Talking to a GP, I asked him how the practice would cope if one of their 5 GP partners was off work ill for a while. As you’d expect, he said that, for a few weeks, they’d rally round to cover their colleague’s sessions. In such a large practice, that’s...
There’s been a lot of talk about whether the EU’s new ruling on gender neutral pricing for protection policies, which comes in at the end of the year, will necessitate a huge hike in prices leading to a ‘closing down sale’ towards the end of the year. Putting aside...