Business Insurance Package

Underwritten by a major Insurer, Medisure’s Healthcare Business Insurance Package has been tailored with the healthcare sector in mind. The policy offers additional protection in areas where it matters. Ie. vaccine spoilage and automatic extra cost of working covers. The policy is ideal for any sized healthcare setting, from small Medical or Dental Practices to large Day Surgeries & Small Private Hospitals. Our claims handling and response times are second to none. We understand that you cannot put healthcare on hold…

This policy can cover:

  • Property
  • Vaccine Spoilage
  • Business Interruption
  • Money, Theft & Glass
  • Equipment Breakdown
  • Public Liability
  • Employee Dishonesty
  • General Property
  • Portable Equipment
  • Tax Investigation

To download fact sheets and application forms, go to the technical library. For a copy of the PDS please call Medisure on (07) 3426 0440

Technical Library

FACTS

37%

Of SME’s are underinsured.

44%

Of SME’s don’t have income protection.

90%

Of SME’s have no business expense protection.

Policy Overview

Medisure’s Healthcare Profession Business & Property Package includes the following benefits as standard:

  • Accidental Damage policy, including full value on burglary & theft.
  • Employee tools / equipment / clothing included.
  • Temporary removal of contents within Australia.
  • Vaccine Cover / Deterioration of refrigerated medical supplies included – automatic $2,000 cover.
  • Extra Cost of Working cover available min of $100,000
  • Money – Blanket Cover available
  • Glass – internal & external glass, including signs (illuminated & sign written) and, damage to window frames.
  • Public Liability – $10 or $20 million cover for Public & Products Liability.
  • Property loss or damage anywhere in Australia under General Property when option taken.
  • Tax Investigation – automatic $50,000 cover for professional expenses incurred during an investigation by the Taxation Department.
  • Employee Dishonesty – automatic $10,000 cover for Employee related theft or fraud of your Property, Money or negotiable Instruments
  • Electronic Equipment and Machinery Breakdown – combined any one loss cover is available.

Optional Extras:

  • Employment Practices Liability included (up to 20 employees) $500,000, $1,000,000 and $2,000,000 limits of indemnity
  • Gross Income cover
  • Loss of profits due to a breakdown

Case Study

This dental practice’s server had suffered significant damage from a lightning strike during a severe local storm. The initial inspection indicated that all data, including patient records and the practice’s electronic appointment diary would need to be restored and uploaded onto a new server. It was believed that the data transfer would be simple and straight forward. Upon further investigation it was discovered that the practice’s appointment diary data had been corrupted and was completely lost. The practice would need to contact their entire list of existing patients to ascertain who had made an appointment and on what dates, in an attempt to reconstruct appointments for the coming 2 to 3 months.

It was decided that in an attempt to contact and notify any new patients, the practice would advertise in the local papers for an extended period of time in the hope that new patients would contact them to confirm appointment times. As the weeks went by, it became apparent that a number of the practices’ new patients had not responded to the advertising and letter campaign. Subsequently the practice began to suffer a drop in their forecasted income during the weeks immediately following the loss as they were unable to confirm with, and remind, their patients of their appointments. The practice lodged a Loss of Gross Income claim totalling $48, 949 to recoup the lost income due the damage caused to their server and their appointment diary by the local storm. The cost to replace the server was insignificant at only $1,580.

 

Further Information

To download fact sheets and application forms, go to the technical library. For a copy of the PDS please call Medisure on (07) 3426 0440

Technical Library

Medisure for Brokers

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The information provided here is general advice only and has been prepared without taking into account your objectives, financial situation or needs. Please refer to the Product Disclosure Statement for specific information regarding the insurance cover.