Not All GP Practices Are The Same

Running a GP practice can be very different from most other types of business in the sense that you are always, always busy. Someone who runs a restaurant, for example, might be sitting there on a wet and windy night as Storm Franklin blasts away outside, and perhaps only have a couple of customers in all evening. With a GP practice, you are never sitting there twiddling your thumbs. If anything, there are too many things to do.

Running A GP Practice Isn’t The Same As Owning An Antique Shop

When you run a GP practice it is not the same as running, say, an antique shop. If you own an antique shop and are unfortunate enough to go sick for a month, the worst that can happen is that you have no income for that month. But you can just put a notice on the door telling customers that you are off sick and will be back at whatever time you think. Even if you have a customer who sees something in the window that he or she wants, they will come back for it when you re-open.

Some Things To Consider When Insuring A Medical Practice

When you run any type of surgery, whether it is a doctor’s surgery, dental surgery, or veterinary, there are certain types of insurance that you must have in place and others that are not a legal requirement but that you should certainly consider.

To begin with, if you employ people, which you almost certainly do unless you are a sole practitioner, then you will need employer’s liability insurance. This will cover you if any of your employees should be injured during the course of undertaking any activity that they are required to do as an employee.