A business-owner policy ("BOP") is the most comprehensive insurance policy a business owner will ever purchase. As a result, this makes it difficult to truly compare apples-to-apples between one carrier and another. To help make the process easier we simplify the policy and highlight the coverage's that are most important to your business. We also provide an analysis of your current policies (if applicable) to identify areas of weakness that could lead to problems such coverage gaps, agent mistakes and inflated rates.
VetPro is a stand-alone Veterinary Professional Liability product that comes with a minimum of $50,000 of License Defense! NO ASSOCIATION MEMBERSHIP REQUIRED! Higher limits are available and you can quote in real time under the GET A QUOTE tab. We figured, since License Defense litigation is growing and licensing agencies are becoming more aggressive, offering lower limits like $10,000 as the base coverage did not make much sense. Cyber Security & Privacy Liability can also be attached to provide added protection for your business!
Developing a great team takes time and dedication. However, work related injuries may cause disruptions to staffing in both the short and long term. If your employee sustains a work related injury or illness, they need fast and efficient medical care and potentially compensation for lost wages due to an absence from work.
Risk Management Consulting
The key to an effective risk management strategy begins with understanding the difference between Risk, Peril and Hazard. Simply stated, risk is uncertainty and the relative probability of a loss. Peril is the cause of loss (fire, wind, lightning, hail, etc.). Hazard is a condition that increases the probability of a loss. In summary, Hazards increase the Risk of a specific Peril. Once this foundation is established, navigating through the process of Identifying, Analyzing, Avoiding, Reducing, Transferring and hopefully not Assuming Risk, becomes easier to consume.
As a business owner you are exposed to considerable risks. Our executive risk team can guide you through the complexities of Employment Practices Liability (EPL), Data Breach, Directors & Officers (D&O), Fiduciary Liability (ERISA), and Crime Insurance.
Short & Long-Term Disability
Often referred to as DI or Disability Income Protection, this form of insurance provides coverage for your earned income against the risk that a disability prevents you from performing the primary functions of your work or professional service. Typically, a Veterinary student graduates with over $150,000 in student loan debt. Many long-term disability policies offered to Veterinarians by state and/or national associations may have a very limited definition of disability that could lead to financial ruin.
Life insurance is a contract binding a life insurance company to compensate a beneficiary for the death of a person insured. If the insured dies the company will provide a cash payment to the beneficiary. Life insurance is used to protect the economic value of a human life with regards to those who may be financially dependent upon it.
Health Insurance (Individual & Group)
The way consumers buy health insurance has changed forever. We have gathered the most important information to help guide you to make the right decisions before purchasing your health plan. Under the Affordable Care Act, up to 68% of Americans will qualify for a tax credit on their health insurance premiums. For example, a family of four can make up to $94,000 and still qualify for federal dollars to pay for their family health insurance premium. To get Health Insurance Quotes simply go to www.vetinsuremarketplace.com
Are you a member of a group of Veterinarians, such as a VMG, SGA or Well Practice Management, that already benchmark expenses, services and pricing? If you do, by now you have probably experienced that one of the most elusive areas to obtain a true comparison of your group is insurance. Simply comparing overall cost is not relative to limits of coverage, geographic location, loss history or legislative challenges in each state. Policies can vary greatly from one carrier to another and from one region to another. We provide our proprietary RPM Benchmark Report that shows a detailed analysis of everyone in your group, but while still keeping it completely anonymous through our coding system.
We also highly recommend combining our InsuranceGPS C.E. course (see below) for your next meeting along with this highly informative benchmark report!
We offer a 3 hour C.E. course called InsuranceGPS that teaches Veterinarians and Hospital Managers how to develop a risk management strategy, how to understand insurance and the way it actually works, plus a wealth of insider knowledge and tips for how to get the most out of your policies without paying too much money. Depending on the size of the audience, we offer an interactive learning environment where questions are encouraged. We firmly guarantee, you can not find practice management C.E. that discusses insurance at this level.
Magicians never share their secrets, and the insurance industry rarely does either. This course unveils everything that your current agent doesn't want you to know.
Vet Consultants Professional Liability
Consulting Professional Liability Insurance, also referred to as Errors & Omissions (E&O) coverage or Miscellaneous Professional Liability is designed to protect if clients claim your advice caused them a financial loss. The key point to understand, is that you do not have to have erred, but if a client believes that you did, you can still be sued. Professional liability coverage pays for legal defense of your business and other expenses related to some lawsuits. If you become legally obligated to pay your client for financial loss or other damages, your policy may pay the award as well depending on the provisions of your policy. You can apply for a quote online or speak to a Vetinsure agent today to discuss your business and help get you protected now!