LEGAL CORNER
Asset Protection for Your Medical Practice In addition to protecting their personal assets, medical practice owners and leaders must also act proactively to protect their businesses from a wide variety of predictable risks.
G E T A N I NS U R A NC E C H E C K U P Liability insurance is a system not just a single policy and works best when implemented in layers that are designed to address specific threats. Please think beyond your medical malpractice policy and the general business liability insurance that covers non-medical liabilities on your property (like a slip and fall) both of which should be at seven figure limits. All polices and carriers are not the same, so be an informed buyer when it comes to this vital first line of defense that can either save or cost you millions. I advise my clients to work with an independent, multi-line commercial insurance broker that has access to the entire market, not just one company, and the experience to guide you on both proper coverage limits and the differences between policies.
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