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Insurance for Doctors and Medical Professionals


If you own a business involved within the field of medical care, it’s more important than ever that your business and employees are protected against any loss or damages that might occur during normal business operations. Medical professionals work in high pressure environments every day, with a range of different risks. Which is why Budget offers affordable Medical Business Insurance.

Get a Medical Business Insurance quote from Budget today, and make sure that your medical practice is protected.


Medical Business Insurance

What is Medical Business Insurance?


Do you work in a medical field? Are you a medical practitioner or owner of a practice, and have you heard about Business Insurance for medical companies? The reason for needing Medical Insurance may be caused by a range of different circumstances or situations. This can include property damage cover, fire damage cover, employer’s liability and legal liability cover and insurance for your practice premises, along with other inclusions. You don’t want to allow a single incident with a patient to ruin all the credibility that you’ve worked so hard to achieve! Medical Business Insurance can be very affordable when you get one of South Africa’s lowest insurance quotes! At Budget, we have an affordable Medical Business Insurance package that will suit your needs - no matter the size of your budget or practice. Check out Budget’s policy below, and you’ll be well on your way to getting a Budget Business Insurance quote online today!


Why do you need Medical Business Insurance?


If you’re a medical business owner, you might be wondering if business insurance is something that you should actively be spending money on. If you’re worried about the long-term security and livelihood of your business, then Medical Business Insurance is an absolute no-brainer! Budget’s Medical Business Insurance has been crafted with your business and specialised industry in mind. The purpose of Business Insurance is to help your business cover the costs that come with property damage and liability claims from patients. If you aren’t protecting your business, you can expect to be paying for legal claims or damaged property out of your own savings. This could become incredibly costly and might even impact the financial health of your business in the long run. Budget has your best interests in mind - that’s why Medical Business Insurance is vital for you if you are a medical business owner! Budget Medical Business Insurance can help you out with many different situations, from small-scale daily operations to pending lawsuits, as well as industry-specific accidents, individual patient claims and more!


Budget Medical Business Insurance


Our comprehensive Medical Business Insurance policy offers protection in a variety of ways. We’ve worked hard to bring you in-depth coverage that will make sure your business is protected in as many situations as possible. We know that every business and owner is different, so we’ve tried to be flexible while crafting an affordable insurance policy for your medical business. 


Budget Medical Business Insurance is a specialised insurance policy that is perfect for owners of a medical practice of any kind. If you’re a dentist, doctor, optometrist, veterinarian or veterinary surgeon, psychiatrist or other medical professional, this is the perfect option for you! Budget Medical Business Insurance provides you with coverage for a wide variety of situations and possible circumstances. You can get cover for your business’ building, accidental damage to and theft of your business goods, public liability for your business and so much more! 


As part of Budget’s Medical Insurance policy, you’ll receive:

  • Cover for your building against loss or damage – including the structure of your business’ building, business interruption cover and accidental damage cover.

  • Fire cover for damage to your buildings, machinery, tools, stock, fixtures, fittings and other equipment that you may use for your business (this includes your expensive medical equipment).

  • Cover for the contents of your practice, including furniture in your practice and on the premises of your business, as well as separate cover for electronic equipment and licensed software that is used for your business.

  • Public liability against injuries to, or the death of, a third party, or damage to their property except including a vehicular accident.

  • Theft cover for your business.

  • A fidelity guarantee against fraudulent acts that could be committed by employees.

  • Employers liability, excluding any vehicle accidents.

  • Group personal accident cover for owners and stakeholders against death, disablement and medical costs after an accident.

  • Any risk cover for business items that are regularly removed from your business premises (particularly useful for traveling doctors).


What can you use Budget Medical Business Insurance for?


Budget Medical Business Insurance is in place to cover you against many kinds of losses or damages that could occur at any time of day as a result of an accident. In the event of any losses or damages, Budget could pay you out in cash, repair damage at an approved repairer, replace items from an approved supplier or any combination of the above, subject to your specific policy terms. This means that you’ll be mostly off the hook if any of your medical equipment is damaged as a result of fire, theft or accidental damage. You will also be protected from any liability that may be caused to another person, including death, physical or emotional harm or bodily injury. This also covers damage to the property of others, including tools of trade. Please contact us on 0861 08 88 90 for the full terms and conditions relating to this specific policy. 


Other Budget Insurance Options 


How big is the size of your practice and what kind of medical practitioner are you? What kind of tools and machinery do you use for daily operations and do you need to insure specific assets? Are the contents of your practice being kept safe every day? These are some questions that you should ask yourself before you commit to a specific insurance package. Budget is committed to making sure that you’ve got the best policy in place for your unique medical practice. If you want even more choice to help family members or friends, we’ve got a range of other business options for you if your profession falls outside of the medical profession. These include:

  • Office Business Insurance – This is for businesses who operate in an office environment, such as travel or estate agents, general offices, call centres and more.

  • Professional Business Insurance – This is for businesses that have unique risks such as architects, lawyers and accountants who may need specialised insurance options.

  • Tradesman Business Insurance – This is for business that involve tradesmen who are on the road all the time for work, which presents higher risk for theft, loss or accidental damage.

  • General Business Insurance – General businesses that deal with the public, like retailers, beauty salons and funeral parlours.

  • Guesthouse/Bed and Breakfast business Insurance – This is made for owners of accommodation-based businesses.


Assist Benefits


Assist Benefits are an additional benefit that you’ll gain access to when you take out a qualifying Budget policy, including Budget’s Medical Business Insurance policy. You'll gain access to Biz Assist, which will help your business and your business’ long-term goals through many practical benefits. This benefit is automatically added to your business policy at no extra cost and offers free telephone and online support at any time. We can help you decide how to grow your business or sort out ordering for your office, including car hire. We’ve can even help you with personal assistance! Budget’s Biz Assist works with a growing network of suppliers to bring you the best possible deals. We’re here to help your business run as smoothly as possible. Don’t feel alone when you feel stuck because Budget is here to help you out! Read more about our Biz Assist benefit


Additional add-ons


Are you looking for even more Business Insurance Products? Budget has gone above and beyond to make sure we can protect your business – no matter which industry you’re in! Click on these links to find out more about: Business vehicle insurance, Errors & Omission Insurance, Directors and Officers Insurance.


Medical Business Insurance quotes


Don’t put your medical practice at risk, you’ve worked too hard to let any mishaps, thefts or accidents pull you down. Get an affordable Medical Business Insurance quote from Budget today. Do it yourself and get a Budget Insurance quote online or get in touch with our call centre where one of our friendly consultants will walk you through the process to find the most affordable business cover for your specific business needs!

Affordable, ‘cos you can’t afford not to.