Healthcare Business

Private healthcare is growing in the UK. The increasing trend for doctors to move away from private lists to building successful businesses delivering healthcare services.

This creates a different need for indemnity. This focusses around the business rather than individual practitioners.

If your private practice provides services to the NHS it is important to be clear on where the limits of government indemnity lie. Owlicity can assist you in getting this interface correct.

Follow Owlicity on LinkedIn, Instagram and YouTube for updates about our healthcare business community.

Functional Medicine

Functional Medicine is one of the most exciting developments in healthcare. The practice is not new. Owlicity has worked with some of the pioneers who have retired after thirty years in practice.

The growing acceptance within society of root cause and preventative medicine is new.

Owlicity specialises in supporting Functional Medicine businesses and have developed an indemnity specifically for this type of business - including clear cover for off-label prescribing and alternative treatments. Working with a pharmacist, we have developed a process for an insurer to approve new off-label medication use and novel treatments. This allows Owlicity indemnity to grow with the needs of your practice.

Follow Owlicity on Instagram, YouTube and LinkedIn for updates about our Functional Medicine community.

Mental Health

Mental health has become an important component of overall health. The delivery of mental health services is changing. There is an increasing understanding that mental health and physical health are inextricably linked, so diet, exercise and lifestyle are important components.

Mental health services are increasingly being delivered online across the globe. Owlicity has added scope for mental health services into their Functional Medicine indemnity.

Follow Owlicity on LinkedIn, YouTube and Instagram for updates about our mental health clinic community.

Aesthetics

Aesthetics practices are growing and developing new services. Menopause is often an integrative part of aesthetics which is turning practices into wellness clinics. Aesthetics now includes sophisticated, personalised treatment based on the needs of the individual patient and often includes diet, lifestyle and hormone treatments.

Modern Medical Aesthetics is now in a similar position as Functional Medicine. Traditional aesthetics treatments of only using anti-wrinkle and fillers deals with the symptoms of aging, whereas modern Medical Aesthetics is addressing the causes of ageing.

The Owlicity team keeps up to date with developments ensuring our insurance is relevant and appropriate.

Follow Owlicity on Instagram and YouTube for updates about our Aesthetics community.

Construction Contractors

Construction is characterised by significant risks, both the risk of injury and the risk of expensive mistakes in projects, and complex contractual hierarchies that define income and responsibility.

These factors make insurance an integral part of a project tender process. Not understanding liabilities and associated insurance costs when bidding on competitive tenders can cause contractors' profit margin to be eroded by expensive indemnity costs.

Follow Owlicity on LinkedIn and YouTube for updates about our construction contractors community.

Medico-Legal Reporting

Indemnity for medico-legal reports and expert witness work has its challenges. This cover is often provided as an add-on to medical indemnity which can be an expensive option fore retired clinicians.

Standard professional indemnity only covers financial loss, which does not recognise that most medico-legal work includes an element of patient examination which has the potential for a component of bodily injury.

Owlicity has worked with insurers to provide an indemnity that covers both financial loss caused by inadequacy in the reports or expert witness work and any bodily injury caused by patient examinations. We developed this cover specifically for medico-legal work so it is substantially less expensive than full medical indemnity.

Follow Owlicity on LinkedIn and YouTube for updates about our Medico-Legal community.