Practice Expenses Cover

Practice overheads insurance (often referred to as locum cover) is designed to cover the overheads of the business if you are unable to work due to an accident or sickness. As you will be aware there is a significant amount of overheads with the business which will not cease if you are unable to work, such as wages, bank loans and utilities. As such this forms part of your crucial protection planning.

Although you may be protected with a personal income protection plan, these are designed for your personal earnings which are totally separate area of cover. Without practice overheads insurance you may find that your income protection policy cover will be eaten up by the business costs rather than your personal mortgages and personal expenditure requirements.

Practice Financial Management Limited is authorised and regulated by the Financial Services Authority. For more details please refer to About PFM / Regulations.