Medical Insurance Solutions

Transcription

1 Medical Insurance Solutions

2 The head of our medical division is an ex medical professional of over 15 years, which we feel adds additional strength and value to our proposition as you are dealing with someone who truly understands your needs and requirements.

3 INDEX Index Spencer Hayes Introduction Surgery Insurance Locum Insurance Medical Malpractice Keyman & Protection Health & Safety Risk Management & Communications

4 Spencer Hayes MEDICAL Introduction Spencer Hayes Medical combines years of experience in the insurance industry along with cutting-edge products to provide exceptional service and value to our customers. Our medical product offerings include insurance covers and risk management services, also including speciality covers. The head of our medical division is an ex medical professional of over 15 years, which we feel adds additional strength and value to our proposition as you are dealing with someone who truly understands your needs and requirements. We recognise that within the medical industry there are constantly changing business exposures. This can be increasingly difficult to recognise, monitor and most importantly, to install measures to protect against, especially when coupled with effectively running your business. However, we also understand that prevention is better than the cure and that now more than ever there is an unprecedented focus on Risk Management. We believe that our greatest contribution to your business and its resilience against loss, is to work alongside you to help identify areas to which you are exposed, whether your able to insure against them or not. Once this is done we are able then to propose preventative risk actions to mitigate any future possible losses. Clients and insurers alike are increasingly appreciative of this proactive approach due to the effectiveness of recognising areas of concern, effectively managing risks and mitigating any possible losses. All of which leads to true peace of mind for all parties. We also understand that prevention is better than the cure and that now more than ever there is an unprecedented focus on Risk Management 4

5 Surgery Insurance Here at Spencer Hayes Medical we recognise that to fully protect your surgery that an off the shelf policy, in most cases, won t provide the comprehensive cover that you require. Due to the nature of your particular trade special consideration needs to be provided in a numerous areas; an example of which are: Spoilage of refrigerated stock Legal liability due to dispensing (drugs and medication) errors Coverage for high risk stock such as controlled drugs Electrical/mechanical equipment breakdown including inspection Cover for items away from premises including doctors bags Seasonal increases for flu vaccines Our policies are made to measure so that we can ensure that you are provided with appropriate cover to shield against those risks, so you can focus on helping people and gain peace of mind. 5

6 Locum Insurance In the medical field we understand that not only can staff absence place unexpected strain on your workload, but can also cause a major financial strain when arranging suitable interim provisions. At Spencer Hayes Medical we have a range of options available, with varying excesses and benefit options to not only suit requirements, but budgets too. Additional coverage examples are as follows: Medical Expenses Coma Benefit Funeral Expenses Jury Service Suspension 6

7 Medical Malpractice At Spencer Hayes Medical we can provide comprehensive medical malpractice policies to inspire confidence to do your job without being plagued by the stress that accompanies allegations of negligence, and the potential financial implications this may hold. A medical malpractice policy will cover you on a claims-made basis in the event of malpractice, breach of duty or dishonesty of your partners, directors or employees in the course of business operations. It can also provide compensation for claims and legal services, and insure against actions or omissions of your employees. All it takes is one mistake or one false allegation to place your job and finances at risk. Your career as a medical professional is too important to be undermined by one regrettable instance. Help ensure a successful future by choosing a bespoke policy with Spencer Hayes Medical that encompasses and anticipates your risks. 7

8 Keyman & Business Protection If a key person who is crucial to the function of your surgery becomes disabled or dies, would day-to-day activity continue as usual or would disorder and uncertainty ensue? Would you be able to maintain the same level of business expectations and revenue stream? How will you cover for the financial loss of the employee or pay for a temporary replacement during his or her recovery? Key person insurance could help you answer these questions with confidence as it is designed to provide financial stability in a time of stress and anxiety due to the sudden loss of an important employee. In the event a vital employee becomes disabled or dies, this keyman insurance provides the company with income to make up for financial loss or use for temporary replacement costs. In addition to keyman insurance, Spencer Hayes Medical can assist in offering bespoke protection for in a number of areas such as: Life Insurance Health Insurance Partnership and Shareholder Protection Loan Protection 8

9 Health & Safety Nobody expects to be injured at work but the fact remains that thousands of workers do get hurt, or even killed, every year simply by doing their job. Of course, employers don t set out to deliberately harm their staff, or anyone else for that matter, but many do require assistance to ensure the business they operate is both safe and legally compliant. With the many pressures of running a successful surgery, employers often lack the right resources within their organisation to spend sufficient time and money in raising and maintaining health and safety standards. Our in house health and safety consultant can provide assistance to you in all health and safety related matters. With HSE fees for intervention, hefty fines and possible criminal prosecution for Owners, Directors and Senior Managers, failing to keep up with health and safety legislation can be costly. There is also a growing trend for corporate manslaughter prosecutions that can result in lengthy stays at Her Majesty s pleasure! Even a relatively minor incident that doesn t involve court action can be very expensive in terms of workplace closures, equipment repairs, higher insurance premiums and those hard won reputations. By using our health and safety services, we will take away the headaches and stress of compliance by providing reliable and cost effective advice, assistance and solutions. Whilst many other health and safety consultants often rely on giving generic advice on the telephone or through web sites, our consultant will always offer to visit your workplace to establish the precise situation and ensure any advice or solutions offered to you are both appropriate and affordable. Good health and safety doesn t have to cost you a fortune. The health and safety services we offer are all fixed price and several also feature a lowest price guarantee. In this way we can ensure there are no nasty surprises for you when the invoice arrives! 9

10 Risk Management & Communications Understanding the increased complexity of insurance and risk management is a challenge. Staying abreast of the issues you face and developing strategies to meet the constant demands of your surgery can give you a competitive edge. Spencer Hayes Medical communication programmes will help you stay on top of the constant changes affecting the insurance industry and your risk management programme. In addition to this our range of value-added services includes delivering you custom solutions for all of your risk management needs including: exposure analysis, loss control techniques, safety education and training, anddeveloping safety policies and programmes. 10

11 Medical professionals shoulder a huge amount of responsibility on a daily basis. Your job duties can sometimes even be a matter of life-and-death. Because your job as a medical professional can involve many risks, you should make sure you have robust cover to protect yourself, your business and any employees.

12 like what you see? what s the next step? All it takes is one mistake or one false allegation to place your job and finances at risk. Your career as a medical professional is too important to be undermined by one regrettable instance. Help ensure a successful future by choosing a bespoke policy with Spencer Hayes Medical that encompasses and anticipates your risks. medical.spencerhayesinsurance.co.uk medical@spencerhayesinsurance.co.uk - Pennine Business Park, Pilsworth Road, Heywood, Lancashire, OL10 2TL -