Business-Owners Policy (BOP)
A BOP contains business property and liability insurance into one convenient policy that helps cover your business from claims resulting from things like fire, wind, lightning, theft or other another covered disaster and from claims involving bodily injury or property damage that could arise from your business operations.
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.
When building out a leasehold space, remodel and existing one or building a structure from the ground up, you need to protect your investment while under construction. Builders risk insurance protects your tangible assets during the construction phase up to the point of receiving your C.O. (certificate of occupancy)
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!
Veterinary hospitals face significant liability exposures from the way they run their operations, store sensitive information, and implement employment practices. With exposures leading to claims increasing over the years due to economic conditions, demographics and ever-evolving legal environments, it is important to protect your bottom line.
Data Breach / Cyber Liability
To mitigate the risk of civil litigation and other penalties or judgments when a data loss or theft occurs, a data breach or cyber liability policy can provide access to professional assistance to help businesses comply with applicable laws and regulations.
Significant assets can be at risk when businesses are the target of lawsuits. If the cost of a claim exceeds the limits of an underlying primary insurance policy(s), Commercial Umbrella insurance extends liability coverage for an additional layer of insurance to further protect business assets.
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!
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.
Group Health Insurance
The health insurance market has changed drastically over the past decade. But there are viable solutions for businesses that want to offer group health plans for their staff. We work with you to provide the right solutions for choice, access and affordability to keep you a competitive employer.
Sometimes a situation may present itself that could lead to a claim, but may not. Should you file a claim? What if this problem just goes away? What happens if you don't file a claim, but get sued a year from now. We can help guide your steps to remain protected and viable.
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.
Our carriers offer a full array of property and liability loss control services to help identify where claims can arise in your business and how to mitigate them before they happen. A full analysis of your operations, loss trends, management controls and safety programs can also reduce insurance costs.
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 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 know or want you to know.
Business Services Integration
With a rapidly growing client base across the U.S., and our desire to provide clear and useful information, we have strategic partner relationships with some of the most respected business service companies. Our highly vetted network can help your business in areas such as: veterinary consulting, financial services, accounting, payroll, credit card processing and IT.