Contact us today to see how much we can help you save
Let us provide you with a quote and you can see the benefits for yourself
Call our teamWhat is Absence Insurance?
Staff absence insurance provides financial protection against costs related to employee absences due to sickness, maternity, or other reasons.
This type of insurance is especially useful for schools and educational institutions, helping them manage the financial impact of staff absences.
Key Features of Absence Insurance:
- Sickness and Injury: It offers benefits when employees cannot work due to illness or injury, helping schools cope with staff shortages without significant financial strain.
- Maternity and Paternity Leave: Coverage often includes maternity and paternity leave, providing financial support during these times.
- Daily Benefits: Schools can choose a daily benefit amount that helps cover costs associated with hiring temporary replacements or managing workloads internally.
- Special Circumstances: Some policies may also cover absences due to specific events, such as COVID-19.
Staff absence insurance is valuable for ensuring that educational institutions can maintain operations smoothly despite unexpected staff absences.
For more information on specific policies and options, you should check with insurance providers specialising in this area.
Why take out Absence Insurance?
Quite simply it provides funds for the practice to employ a Locum. This is usually in the event of a member of its staff being incapacitated and unable to perform their normal duties within the practice. Alternatively you can stand the costs involved and be your own insurer – NOT RECOMMENDED.
How can you Benefit?
- A No Claims Bonus – if you do not claim on your insurance policy.
- A Group Practice Discount – where 3 or more people are insured.
- NHS Reimbursement Friendly – cover that dovetails to fill the gaps left by NHS only cover
- Free cover for Practice Managers – £500 per week on group policies.
- Premiums – not based upon gender.
- When You can apply – the minimum of paperwork and hassle.
- Value Client Discount – If you also arrange your Surgery Insurance or Professional Indemnity with MIC.
- Claims – your own claims assistant to help you through the tough time.
- A Seamless Transfer – when move to MIC from another provider.
- Commission Sacrifice – arrange your Long Term Income Protection through MIC and benefit.
What is Absence Management Insurance?
Absence management insurance in the UK is designed to help organisations manage the costs and administrative burdens associated with employee absences.
This type of insurance typically provides financial support and resources to cover expenses related to staff who are unable to work due to illness, injury, or other reasons.
Key Features of Absence Management Insurance:
- Financial Coverage: The insurance offers financial benefits to cover the costs of temporary replacements or the additional workload on the remaining staff. This helps mitigate the financial impact of sudden staff absences.
- Management Support: Many policies include access to absence management tools and resources, such as software for tracking employee absences and providing support for return-to-work programs.
- Specialised Coverage: Some policies may also cover specific types of leave, such as maternity or paternity leave, and provide benefits for long-term sick leave.
- Reduced Administrative Burden: By offering resources and support, absence management insurance helps organizations streamline their processes for managing employee absences, which can improve overall efficiency.
- Employee Wellbeing: Many policies focus on the health and well-being of employees, providing access to occupational health services and support programs aimed at reducing absenteeism.
Absence management insurance is particularly valuable for organisations, such as schools and businesses, that experience high rates of employee absence, as it helps ensure continuity of operations while supporting employee wellbeing.
How easy is it to set up cover?
We have ensured that your cover can be set up with the minimum of paper work. In fact we can get your cover in place over the telephone.
Why choose MIC?
Since 1997, we’ve been helping GPs secure tailored Absence Insurance cover, guiding them through the complex conditions and exclusions found in policies. On our blog, you can explore real-life examples of challenges and pitfalls that have arisen, while our range of policies is built with your specific needs in mind.
We pride ourselves on providing a first class service. Our expertise ensures that you get the advice that is right for you. MIC cover adapts with healthcare changes to protect you now and future.
Testimonial From a Practice Manager in London: I would like to recommend MIC for their policy. I changed from our previous Insurance Company about 9 months ago and saved almost £4,000 on the annual premium! In addition we have had a partner off sick and they have dealt with our claim and subsequent payments extremely efficiently.
Testimonial From a Practice Manager in Lancashire: We have changed our Locum cover and Surgery Insurance to MIC. They were the cheapest and appear to be very approachable, open and honest. No experience of claims to date.
See all TESTIMONIALS HERE:
