Doctors’ cover can be good for brokers

ED STUART-BROWN, HEAD OF PROTECTION SALES, FRIENDS PROVIDENT
ED STUART-BROWN, HEAD OF PROTECTION SALES, FRIENDS PROVIDENT

Whatever profession you are in it is important to protect your income in the event of being unable to work due to accidental injury or illness.

This is perhaps even more important in the medical profession where there is a high rate of sickness compared with the private sector. With long working hours, high stress and heavy workloads, it’s easy to see why.

You may think this is a niche area but with the number of medical jobs having increased by 60% in recent years it’s a growing market waiting to be tapped into.And with becoming a doctor the second most popular career choice among five and six year olds the future’s looking bright.

That’s why many insurers provide products designed for NHS doctors, to help you to take advantage of this niche.

The NHS only gives doctors maximum sick pay entitlement after five years’ service. Until then their sick pay entitlement is limited and may not cover basic living expenses. This makes it even more important to design a solution that meets their needs.

Some insurers provide tailored income protection products for NHS doctors, dovetailing benefit to be paid after their NHS sick pay ceases.

ome also offer options such as increasable cover, sabbatical leave and worldwide cover.

Having access to a product which has been designed for your client’s role is a huge benefit. Customers can be sure they will be dealing with an adviser who understands them and their profession.