Insurances for the Professions
The insurance needs of professionals differ from business, but the investment needs
are often very similar.
Our qualified and experienced staff will build a comprehensive insurance and risk
management package for your needs, which may include:
- an all embracing office insurance package covering:
- Buildings where you own your office
- Office contents
- Computers
- Landlords fixtures & fittings, for which you are responsible
- Employers’ liability and public liability insurances
- Money
- Records
- Loss of income and additional costs of alternative accommodation following an insured
event
- Legal expenses cover
- Vehicle insurances whether these are owned by the practice or individually by the
practice owners
- Motor contingency - Employers are liable for tort negligence of their employees,
so cover the practice in the event that an employee using his vehicle on practice
business hasn’t insured it correctly
- Professional indemnity cover
- Pensions for employees - advice on your responsibilities under the new pension legislation
(and don’t forget pensions planning for the practice owners)
- Key man cover - how will your practice be placed if your top fee earner or well known
figurehead dies or is too ill to work long term?
- Succession and retirement planning - Many professions write goodwill out of the business.
How will you take your money out of the firm when it’s time to stop working? These
days new junior partners can almost never afford to buy out the senior partner. We
have solutions to this dilemma.
Click here for further information.