1 October 2014

Getting Your Locum Insurance Claim Paid – A Potential Problem

Getting Your Locum Insurance Claim Paid – A Potential Problem

Another bit of “policy small print” has raised its ugly head.

You automatically assume that so long as you have provided all that was necessary to claim on your practice’s Locum Insurance policy you would be paid the amount that was insured for the period of the illness less the deferred period that was chosen.

Here is a good example of what can go wrong if you are not careful.

Let us just suppose that your practice makes a claim in September 2014 and the policy was due for renewal in November 2014. Which option would you choose?

Option 1 -You renew the policy and all goes well and the claim is paid.

Option 2 – This is what can happen – You decide to move, for whatever reason, your Locum Insurance to another provider? Your claim will cease if you do not renew your Locum Insurance policy with your current provider.

Fortunately there are not many providers that operate Option 2, but you need to be aware that it does exist and check your policy wording.  Medical Insurance Consultants do not operate such a policy!

Medical Insurance Consultants

If you would like to discuss your requirements further please contact MIC on 0800 163870

  • How to Write a Coroner Statement with Confidence (MIC)

    4 June 2024

    How to Write a Coroner Statement with Confidence (MIC)

    Read Post
  • Government announcement regarding clinical negligence cover

    21 May 2024

    Government announcement regarding clinical negligence cover

    Read Post
  • Protect Your Practice with Surgery Insurance from MIC

    30 April 2024

    Protect Your Practice with Surgery Insurance from MIC

    Read Post
  • What is permanent health insurance? PHI for Practitioners

    23 April 2024

    What is permanent health insurance? PHI for Practitioners

    Read Post
  • Learning to navigate Medical Indemnity Insurance with MIC

    13 March 2024

    Learning to navigate Medical Indemnity Insurance with MIC

    Read Post
  • Understanding Medical Indemnity Insurance for Healthcare Professionals

    20 February 2024

    Understanding Medical Indemnity Insurance for Healthcare Professionals

    Read Post
  • Understanding MIC’s Professional Indemnity Insurance

    2 January 2024

    Understanding MIC’s Professional Indemnity Insurance

    Read Post
  • 2017/18 GMS Contract Changes – What Does It Mean For My Locum Insurance?

    3 May 2017

    2017/18 GMS Contract Changes – What Does It Mean For My Locum Insurance?

    Read Post
  • Non-Disclosure Deliberate or Accidental?

    7 November 2016

    Non-Disclosure Deliberate or Accidental?

    Read Post
  • Budget increase kicks in tomorrow

    30 September 2016

    Budget increase kicks in tomorrow

    Read Post

© MIC 2024

Terms of Business

Privacy Policy

Sitemap

Website by Aztec Media