Protection for buildings, contents and more, designed specifically for GP practices, surgeries and medical centres.
Cover for your practice, reassurance for you
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Running a GP practice is unlike most other businesses, with a unique set of challenges. We’ve designed a Practice Insurance policy, sometimes called a Surgery Insurance policy, covering commercial, staff and equipment-related risks.
GP medical practice insurance is a specialised insurance package that combines various coverages to protect general practitioners and their practices against a wide range of risks. This includes protection against claims of Business Interruption, property damage, employee-related incidents, and more. Our comprehensive policies ensure that your practice remains secure and compliant with all regulatory requirements.
Flexibility and Benefits
GP practices don’t fit a generic policy template so our policy is adapted and shaped to meet your needs. We let you select your own cover limits so you don’t pay extra for cover your practice may not need. For example, why pay for drugs cover in the tens of thousands if you don’t dispense or only carry small levels of stock?
Property and contents insurance
Protecting your physical premises and the contents within is essential. This insurance covers your building, medical equipment, furniture, and other contents against risks such as fire, theft, and accidental damage. Make sure your policy reflects the true value of your assets to avoid underinsurance.
We understand the unique risks and challenges faced by general practitioners, and our specialised insurance packages are designed to offer robust protection for your practice, staff, and patients. Our comprehensive insurance packages are designed to cover all aspects of your practice, from patient care to property protection. We offer personalised service, competitive premiums, and expert advice to ensure you have the right cover in place.
Our Practice Insurance provides;-
· Public Liability Insurance – this covers claims made by patients or visitors who suffer injuries or property damage while on your premises. This is crucial for protecting your practice against lawsuits and compensation claims that could arise from such incidents.
· Employer’s Liability Insurance – you are legally required to have employers’ liability insurance. This covers claims made by employees who are injured or become ill as a result of their work. It ensures you can cover legal fees and compensation costs associated with employee claims.
· Business Interruption Insurance – vital for maintaining financial stability if your practice experiences an unforeseen disruption, such as a fire or flood. Business interruption insurance compensates for lost income and additional expenses incurred while restoring normal operations.
· Theft by Employee – covers loss of money or goods belonging to the Insured caused by Theft by any Employee.
· Trace and access – covers the cost of locating source of escape of water or fuel oil from any tank, apparatus or pipe and subsequent making good of damage caused.
· Deterioration of Stock – covers the practice in the event of damage or deterioration of stock and vaccines.
We can also offer;-
- Medical Malpractice Insurance – covers legal costs and compensation claims arising from allegations of negligence or errors in patient care.
- Management Liability – covers your business and your employees in respect of medical professional, practice and corporate liabilities, such as CQC Inspections or employment disputes.
- Property Owners – protection for buildings, contents and more, designed specifically for GP practices, surgeries and medical centres.
- Cyber and Data Insurance – with the increasing use of digital records and patient management systems, cyber liability insurance is crucial. It protects against data breaches, cyber-attacks, and other cyber threats, ensuring that your practice can handle and recover from such incidents.
- PCN and Federation cover- tailored to this unique scenario. Our unique offering for PCN’s and Federations will cover businesses for Professional Indemnity, Employers and Public Liability as well as Management Liability.
MIAB understand the healthcare sector, and we will ensure your insurance policy meets all regulatory requirements specific to medical practices, including guidelines from the General Medical Council (GMC) and other professional bodies.
Keeping your practice compliant with industry standards and regulations, and avoiding potential legal issues and fines. As experts in medical insurance, our Specialist Insurance Advisers are on hand to answer your questions and discuss the most appropriate policy for your needs.
Our expert advisers will help you choose the most suitable policy
Our Practice Insurance is appropriate for single or multi-site practices, and single-handed practitioners or multi-partner practices.
As experts in medical insurance, our Specialist Insurance Advisers are on hand to answer your questions and discuss the most appropriate policy for your needs.
