Once you have started practising you are going to need insurance cover. Contact an insurer and explain exactly how your practice will operate - they will then be able to recommend what cover you should have. This might include:
- medical malpractice
- premises, premises contents and stock
- cash
- business interruption
- employer's liability
- public liability
- product liability
- motor insurance (for vehicle(s))
Premiums may be paid in a lump or they may be paid in instalments. Your insurer will be able to advise you of the amounts due - enter them in the months when you will pay them.
Members of the British Acupuncture Council are covered by full medical malpractice, professional indemnity and public/products liability insurance. The cover also extends to additional therapies provided.
Checkpoints
More information
Income: Acupuncture Practice
Expenditure: Acupuncture Practice
- Payments to creditors
- Cash purchases
- Licences
- Wages
- Drawings
- PAYE
- VAT
- Tax
- Rent
- Rates/Water rates
- Heat and light
- Telecommunications
- Postage, stationery, advertising
- Motor and travel expenses
- Professional fees
- Insurance
- General expenses
- Bank/finance charges/interest
- Leasing payments
- Capital expenditure
- Other payments