18 Aug 2015
3 Things Your Opticians Practise Should Prepare For
Opticians and Optometrists will be well aware of a requirement to carry Professional Indemnity Insurance and Employers Liability insurance. Public and Products Liability insurance, though not compulsory, is an equally essential insurance cover.
These policies ensure that you are protected against professional negligence, personal injury, illness and property damage claims from clients, employees and members of the Public; however, there are a number of other less visible risks that you may have overlooked when taking out insurance…
We look at the top 3…
1. Cyber attacks
Research published by Hiscox revealed that only 22% of SME’s are worried about cyber crime and e-risks. This worryingly small percentage suggests that many practises may not be prepared for attacks. As we become increasingly reliant on technology, our PC’s, laptops and smartphones are under constant threat of attack from cyber criminals who are out to steal any information they can get their hands on. While you may think that nobody would be interested in targeting a small, high street opticians practise, the demand for passwords, bank details and even medical records means that you may be more vulnerable to a breach than you think.
2. Natural disasters
Extreme weather events, changes in national weather patterns and natural disasters are growing in occurrence, affecting millions of people every year.
It was only last year that the UK saw one of the wettest winters since 1910, with severe flooding affecting many parts of the country. Flooding isn’t unusual and optician’s practises can be left facing property damage, loss of equipment, affected employees and a significant loss of revenue if affected by a flood.
3. Fire and explosions
The recent news of the fire at a Cheshire wood mill served as a stark reminder of the risk that fire poses to any business. A fire can start in a matter of seconds, but the damage it leaves behind could take your business years to recover from. Damage to premises, equipment and loss of income while you rebuild the business can all be protected against with the right insurance policy.
If you are concerned about any of these risks and the threat they pose to your business then get in touch with Infocus Opticians Insurance today.