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  5. Locum insurance and income protection: what is the difference?

Locum insurance and income protection: what is the difference?

An overview of the difference between locum and personal insurance, and how they can work together for a business or practice owner

Contents

Locum insurance

Income protection

What cover does an associate dentist need?

What cover does a business or practice owner need?

 

Locum insurance

A locum insurance policy can be purchased by and set up in the name of the business or practice. Locum insurance is an insurance policy offering financial support by providing financial benefits should a person named on the policy become unable to work.

Primarily this absence would be due to accident or illness, however policies also cover some other causes of absence.

Locum insurance = for the practice

Income protection

An income protection policy is a personal insurance policy set up in the name of an individual, designed to pay a regular income should the policyholder not be able to work because of sickness or disability.

Income protection = for the individual

What cover does an associate dentist need?

A self-employed associate should consider income protection if they are unexpectedly unable to work.

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