Thursday 25 August 2011

Locum Insurance: Some Facts about LocumPlan

By Mike David


What is LocumPlan ? LocumPlan is a yearly insurance which is underwritten by specific groups at Lloyd’s . It covers locum expenses sustained by businesses like dental, medical, veterinary, ophthalmology, and other such practices .

These expenses are bought on by illnesses or accidental injury which happens to one of these professionals or one of their senior practice staff members. If temporary replacement costs are not paid for by some other plan, LocumPlan also will cover certain non-medical employees who work at these practices. This cover goes as high as 75% of this employee’s gross weekly pay. Until the time that this employee is well enough to go back to their job, LocumPlan will pay as much as the weekly amount that’s insured. The cover is good for as much as a 52 week maximum period or until the time that the worker has recovered enough to go back to their job. Those covered by LocumPlan must be from 18 to 65 years of age. However, there are specific conditions which apply to those over 65. Here’s more on locum insurance cover.

Locum Personal Accidental and Jury Service Cover



In the event that a worker with LocumPlan cover gets in an accident and dies, the plan pays a lump sum payment of £5,000. The same terms pertain if the worker suffers permanent total disability, accidental blindness, or loss of limb.



If an employee is called to serve on jury duty and is insured by LocumPlan, they will receive a sum of £250 per day for up to 31 days. There’s no additional charge for either of these benefits.



More Information on Locum Cover



Locum Insurance cover lasts for a period of 12 months. Previous to the end of the year, a rep will make contact with you and determine if you plan on renewing your contract. This is the time that you will find out about your premium, along with the stipulations for the next year. Now is a perfect time to discover which partners and other workers have cover, to obtain it for others, and to terminate cover on the ones who are no longer there.



Locum cover insurance for your practice is generally set up in the name of the practice because if a claim is paid out, it will be paid in the name of the practice - the insured. When your application is submitted online, a Scheme Application will have to be filled out. A Scheme Application requires the name, address, and contact information for the person at the practice who is to be gotten in touch with concerning business matters. Those new Scheme members need to fill out a Members Application of their own. They will need to answer personal questions involving their medical background and turn it in electronically. Once the application is received, you will likely be notified on the decision within a 24 hour period.



Lastly, once you have complied to the terms, and paid or made preparations for your premium, locum insurance can be planned for your facility.




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