A comprehensive coverage plan is essential for protecting any business. As highly skilled professionals with a unique clientele, veterinarians must go beyond binding the general liability insurance standard for all business owners. They’ll need professional liability coverage as well, along with several additional plans for protecting their workers, facilities, agency vehicles, and any other assets of note.
General and Professional Liability Insurance
General liability is designed to protect businesses when someone sustains harm while in the facility. If a person slips and falls on a wet floor or takes a tumble on the entry stairs, this policy covers the damages. All agency owners should have a general liability plan in place.
Professional liability protects skilled professionals from claims asserting they have not lived up to their training or have failed to meet the industry standard for care. It is often called errors and omissions insurance, and it accounts for any errors or negligence on the provider’s part. For lawyers and practicing professionals within the medical field, this coverage is also known as malpractice insurance, and veterinarians are encouraged to have this in case something unexpected occurs. For instance, if the application of a common antiseptic cream or flea and tick medication causes a severe reaction in an animal that results in the loss of a limb, this is the policy you would turn to for coverage.
Commercial Property Insurance
Clinic owners have to consider the potential for property damages, particularly those that can disrupt business operations for a long period. Commercial property insurance pays for the costs of building repairs after major and unexpected events such as an office fire or flood. A comprehensive National City commercial insurance plan may include contents coverage for the replacement of lost or damaged equipment. Property insurance for vets should also include a Bailee rider. This is an add-on that can protect you if an animal gets sick or dies while in your care or on your property.
Workers’ Compensation Insurance
It’s rare for veterinarians to work without assistants. All businesses with employees are legally required to have workers’ compensation insurance. This covers lost wages and medical expenses for employees who have been harmed while on the job. Sick animals are more prone to biting and scratching, which can make working in this industry a risky endeavor.
Commercial Auto Insurance
Any vehicles used for normal business operations should have special commercial auto insurance in National City. This protects agency vehicles or personal vehicles used for business purposes. It is important to have this policy in place even if agency travel is as simple as making routine trips to the bank or driving to a nearby zoo or cattle ranch.
Business Owner’s Insurance
A business owner’s policy (BOP) is a comprehensive array of coverage types that can be cheaply bound as part of a package. Most BOPs are wholly customizable, which gives clinic owners the chance to ensure all of their bases are covered while still minimizing their spending. Whether filling coverage needs via separate policies or binding a BOP, it is important to decide if the extra protection of an umbrella policy is required. Umbrella coverage can protect vets against all damages exceeding the limits of their standard plans.
Veterinarians or other business owners who have questions about their unique insurance needs should reach out to American Tri-Star in National City. In addition to commercial insurance, we are also a leading provider of cheap National City car insurance. Give us a call today at 619-474-3900 for a free quote.