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Private Practice Income Protection

Our Private Practice Income Protection (PPIP) is designed for medical professionals working in private practice, providing coverage for up to 52 weeks in case of accident or illness. Premiums are tax-deductible, and adjusting the deferred period to 52 weeks can save money for those with long-term income protection policies. You choose the benefit and excess period, with two policy types available to fit your needs and budget.

Our Private Practice Income Protection product has been specifically designed for medical professionals conducting private work solely or in addition to their NHS contract. You will receive a benefit from the NHS trust that employs you if you were to have an accident or fall ill, but they would not replace the income you earned from private work and may rely upon.

Our PPIPs policy is an annual policy that covers your income from private practice work. In the event of your being unable to work due to accident or sickness the policy will pay out for up to 52 weeks, less the deferred period. The premiums payable for the policy can be treated as a trading expense and are thereforeare tax deductible.

If you currently rely upon a long term income protection policy (PHI) to cover your income it is definitely worth your while looking at taking out a PPIPs policy and pushing the deferred period for your income protection policy to 52 weeks, depending on your entitlement for sick leave from your NHS trust. This method will save you money even when you take into account the additional premium you pay for the PPIPs policy.

You choose the benefit you require and the excess period, its that simple.  You can claim the amount insured for just by providing evidence of your absence from work.  There are two types of policy to suit your requirements and budget.

Accredited

Medical Insurance Consultants Ltd is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference 309026.

Personal

We are committed in providing a first class service to all our clients, not just when you take out a policy, but throughout the life of your policy. We make sure that you have the support and advice needed when it comes to claiming.

Professional

We have been operating for over 30 years specialising in the insurance needs of healthcare providers and professionals. Our aim is to continue to develop, innovate, improve and reduce the cost of insurance for all our clients and future clients.

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 team


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