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Dental Times - Locum insurance
01332 609318
27 June 2017
Locum insurance simply provides a monetary benefit payable to the practice to cover the costs of employing a locum following the absence of a key member who has suffered an accident or illness.

This type of policy can also cover the costs of additional overtime by other staff members who look to fill the gap left by the absent member of the team.

If you are purchasing an NHS practice with a UDA commitment it is very likely that you will need to consider the costs of employing a locum. Without this cover the business runs the risk of failing to meet that UDA commitment or the headache of sourcing the additional funding to employ a locum.

A typical NHS practice should expect to pay a minimum of £350.00 per day to cover a contract of 30 UDAs per day.

In most cases, it is likely that you would require an element of Locum cover in place to ensure you can fulfil your contract in the event of an accident or sickness.

When purchasing a new practice, whether you are an NHS or Private practice, many finance companies and banks require Locum cover as a pre-condition of any loan or a mortgage. This provides the finance company with the security that if the insured is absent from the practice for a period of time following an accident or illness that they will still be able to meet their financial commitments and their UDA obligations.
Posted by: Anne Barker on 01 Jul 2015