Since ship owners bartered with insurers in the City in the 17th Century, how insurance premiums are calculated have been somewhat a mystery. Many factors are taken into consideration – it’s important for insurers to be transparent to help you get the best deal. Can you control your insurance premium? Each type of insurance has…
When you first become a self-employed doctor or dentist, it is likely that you will choose to do this a sole trader. There are many benefits to this, not least that little set up is required. However, in the longer term, you might benefit from setting up a limited company. When you choose to do…
Risk management should be a top priority for doctors and dentists – and their focus should be equally on intangible and tangible assets. For practices and individual professionals, Cyber crime and other threats can affect reputation, supply chains and patient information, to name just a few. Do you fully understand your asset risk? Tangible versus…
Business Interruption (BI) insurance is a lifeline for practices who are struck by a disaster. However, many overlook this cover which could have business continuity consequences. The importance of Business Interruption insurance This insurance reimburses you for financial losses that occur as a result of an insured event and helps you to keep your practice…
Regular testing of your pressure vessels is a legal requirement for every dental practice. Use our checklist here to make sure your inspection includes what is needed and you are meeting the necessary regulations.
Working in the healthcare industry comes with high levels of stress. The media regularly reports on overstretched GP surgeries, busy A&E departments and unsustainable long shifts. However, the focus is often on outcomes for patients or physical exhaustion of medical staff, and not mental health.
Even if it doesn’t yet feel like it, spring is officially here and it is the time when people traditionally plan to spring clean their homes, and their finances. However, it can be hard to keep admin tasks under control, which can take its toll and lead to jobs mounting up.
It is likely that one of your business goals for 2018 is to increase profit. It might also be that your personal goal is to have more money to spend! One way to do this is to save money in other areas, such as your insurances. As a healthcare professional or practice owner, you will…
We are now in the season of heavy rainfall and storms and that means that there is a significant increase in the risk of property flooding, particularly if you are in a high risk area. Here is some practical guidance on identifying if you are in a flood risk area, how to protect yourself and…
Yes, it’s those four words that are causing a little worry across businesses around the world – General Data Protection Regulation (GDPR). The new and updated rules come into force in May 2018 and organisations are still at varying levels of readiness.