Anyone who operates a surgery, whether for humans or animals, is awarded the highest level of trust from their patients and patients’ family members. Therefore, you should look after your surgery with the same level of care as your patients. Surgery insurance is a form of business insurance that covers your medical practice against a claim or compensation should an accident occur.
Who could benefit from medical practice insurance?
The following can be covered under a specialist medical practice insurance policy:
- GP doctors' surgeries
- Medical centres
- Dental surgeries
- Veterinary surgeons' practices
- Consultants' private practices
- Osteopaths' practices
- Physiotherapists' practices
- Chiropractors' practices
- Alternative medicine practitioners
Dental surgery insurance
From accidental damage to equipment failure, there are many obstacles your dental surgery may face. Holding sufficient dental surgery insurance cover ensures your business is protected should the worst occur. Dental surgery insurance covers your business against unforeseen events that could see your business out of pocket.
Why use dental surgery insurance?
With any public-facing business, it is crucial to effectively protect your business against accidents, whether you are at fault or not. This is especially true for any business providing healthcare. This can include a patient getting injured on your premises, such as a fall, or damage to your building due to weather. If your business is unfortunate enough to be met with one of these events, you could be left with a large bill for repairs or even compensation, not to mention the loss of income through the interruption of your business.
You may currently hold forms of dental surgery insurance, such as buildings, legal or medical negligence insurance; however, a bespoke dental surgery insurance package means you can cover everything under one commercial combined insurance policy, ensuring you’ve covered all your bases and allowing you to sync up your renewal dates.
What does dental practice insurance cover?
All quotes are bespoke to the needs of your business and what your insurer is willing to offer. However, dental clinic insurance can cover:
- Property insurance: Covering the surgery premises itself, its structure and fixings
- Contents insurance: Protecting your surgery’s furniture and internal items from fire, theft and flood
- Business interruption insurance: If your dental practice is closed, following a fire or flood, business interruption insurance can cover some of your lost income.
- Equipment breakdown: Provides cover for failed, essential dental equipment
- Public liability insurance: : Protecting your dental practice against an accident involving a member of the public
- Employer's liability insurance: If you employ any staff, your dental practice will require employer's liability insurance by law
- Legal expenses cover: Should you require legal cover
Why use GP surgery insurance?
Much like dentists, GP's, their receptionists and nursing staff come into daily contact with the public and are trusted by them to provide care when they need it most. Any healthcare business that deals with a high volume of people coming in and out of their premises are likely to be exposed to accidents or unforeseen events that could put your business at risk.
Any GP practice will need comprehensive GP surgery insurance to provide the surgery with cover against unforeseen events, including trips, falls and other accidents that might befall your patients, plus cover for the surgery premises itself, the medical equipment within the surgery, plus cover for your staff as well.
What does GP surgery insurance cover?
- Property insurance: Covering the surgery premises itself, its structure and fixings, with accidental damage an option
- Contents insurance: Protecting your GP surgery’s furniture and internal items
- Locum insurance: Providing cover for the cost of hiring a locum, due to accident, illness or other absence
- Business interruption insurance: If your GP practice is closed, following a fire or flood, business interruption insurance can cover some of your lost income.
- Equipment breakdown: Provides cover for failed, essential medical equipment
- Public liability insurance: : Protecting your GP practice against an accident involving a member of the public
- Employer's liability insurance: If you employ any staff, your GP practice will require employer's liability insurance by law
- Legal expenses cover: Should you require legal cover
Why use veterinary practice insurance?
Although vets are providing medical services to our four- (and two-) legged friends, the level of insurance cover required is not dissimilar to that required for a GP or dental practice. A comprehensive vet practice insurance policy will cover most of the areas that need protection, including the veterinary practice premises, the vets, receptionists and nursing staff, as well as the patients and their respective pets.
Surgery insurance - frequently asked questions
What other insurance might a GP, dentist or vet practice require?
As with any profession where advice, opinion and medical treatment is being provided, as well as the surgery insurance necessary for GP's, vets and dentists, as individual medical professionals you will be aware of the need for professional indemnity insurance, as well as medical malpractice insurance. QuoteRack can help you to compare quotes for all your insurance requirements relating to GP surgery insurance, dental practice insurance and vet practice insurance.
Other business-related insurance products that might be relevant to you, your business or your staff include:
How much does surgery insurance cost?
As with any business insurance, your quote will depend entirely on your individual business case. Many factors can influence the surgery insurance quote you receive, such as:
- The size and scale of your medical practice
- The level of cover - public and/or employers liability, professional indemnity etc - you require
- Your location, relevant medical experience and professional qualifications
- Number of staff
- Nature of medical services provided
- Additional, optional extra cover required
- Previous claims experience
What isn't covered under surgery insurance?
Individual insurance policies may vary, but typically the following areas are not generally included under a medical practice insurance policy:
- Global threats: Wars, pandemics and national lockdowns and their effects are rarely covered
- Computer malfunction: Threats to your computer system from external, malicious breaches are best covered under a cyber insurance policy.
- Wear and tear: General deterioration of your surgery's buildings, contents and equipment are not usually covered
What about a group practice insurance?
Many individual doctors' surgeries, dental practices and veterinary surgeons are part of an overall group practice, where some resources are pooled in order to make the various individual surgeries more cost-efficient. If you are seeking help with a quote for your group practice insurance, QuoteRack will submit your details to independent insurance brokers who will be happy to discuss your insurance requirements in more detail.
How can QuoteRack help to arrange GP, dentist or vet surgery insurance?
QuoteRack will submit your surgery insurance requirements to a handful of carefully-selected insurance specialists, each of whom will be happy to provide you with appropriate advice and the most suitable quotes for your GP surgery insurance, dental surgery insurance or veterinary practice insurance.
If you own a surgery and you are looking to insure it, QuoteRack's specialist insurance brokers will help you - just hit the 'Compare Quotes' link to submit your details online.