For doctors and medical professionals, your ability to work is one of your most valuable financial assets. Years of training, specialist expertise and future earning potential mean that protecting your income and financial position can be an important part of your broader financial strategy. At Walshs, we work with medical professionals throughout their careers to
Australia’s doctors, dentists and allied health professionals spend their careers caring for others. But the latest PPS Mutual State of Health & Wellbeing in the Medical Profession Report shows that many medical professionals are facing increasing pressures of their own. The report, conducted by Lucidity Group on behalf of the insurer, surveyed 442 medical professionals across Australia
Having a baby comes with a long checklist. One thing that can easily be missed is updating your private health insurance. If you have private hospital cover and have recently had a child, it is worth checking that your new baby has been properly added to your policy. Why? If your household income is above
Mental health challenges can be debilitating, affecting every aspect of life, including the ability to work and maintain financial stability. For medical professionals, whose roles are often high-pressure and demanding, these challenges can be particularly acute. This is where the importance of mental health insurance claims comes into play, providing a crucial safety net during
The ATO has announced it will collect data on lifestyle assets from insurance providers for the 2023-24 to 2025-26 financial years’. This data collection will focus on insurance policies for assets that meet or exceed the specified minimum value thresholds. Asset class and minimum value thresholds: Caravans and Motorhomes: $65,000 Motor Vehicles (including cars, trucks,
As a medical professional, you understand the importance of being prepared for unexpected events. Whether you’re a seasoned practitioner or just starting your career, having the right insurance coverage is crucial for safeguarding your practice and personal assets. In this blog post, we’ll guide you through the claims process, offering insights and tips to help
When Rob, an anaesthetics registrar, was diagnosed with Melanoma, many things were going through his mind – his long-term health, his family, the exams he had coming up, but one thing he didn’t have to worry about was his income. “I’m a doctor so I see people every day who are sick or injured. While
Insurance might not always be front of mind, but it’s important to review your policies regularly to make sure you’ve got the right cover. Whatever your mix of cover — life, total and permanent disability, income protection and trauma — insurance can be an important part of protecting yourself and your family, now and into
By Kirby Jamieson, Personal Risk Manager and Advisor, Walshs If you could not work for an extended period because you were sick or injured, how would you maintain your current financial needs and future lifestyle? Income protection insurance replaces a percentage of your income in the event you’re unable to work because of injury, accident
By Simon Farmer, Partner of Walshs From 31 March 2020, a raft of new changes around the design and pricing of Income Protection insurance (IP) will come into effect and it is essential those working in Queensland’s health sector know exactly what this means for them. The changes focus, in particular, on Agreed Value contracts