We never insist that practices should conform to a specified, limited approach on setting up a tax fee protection insurance scheme. The Vantage way has always been to tailor a scheme to each practice’s specific requirements.
More specifically the Vantage Fee Protection Insurance Policy covers:
Your eligible clients may be covered on either an ‘Optional’ or an ‘All Client’ basis. You are free to choose whichever is best for your practice.
Under an ‘Optional’ scheme, only those clients who pay to join the scheme are covered. If the practice collects payments from clients, Vantage is paid afterwards and the practice can never be out of pocket.
Under an ‘All Client’ scheme, the premiums payable to Vantage will be based on the total number of clients of the practice. It is then up to the practice how the costs are recovered from clients. Also, whether or not, every client is covered, or just those who pay to be in the scheme. The practice will normally pay the premiums to us by Direct Debit on a monthly basis.
Our experienced managers at Vantage are best placed to discuss the options with you. If you would like to know more then please contact us.
0116 274 9123