Disability Insurance for Doctors: Why Small Medical Practices Need Business Overhead Expense Insurance
The physician-owned practice is alive and well. Despite the recent growth of larger medical practices, many doctors still work in small practices that they own by themselves or with physician partners. These doctors are also business owners, so they have additional insurance needs. When looking at disability insurance for doctors, don’t forget about the need […]
Why Contract Language Matters: Business Overhead Expense (BOE) Residual
Several years ago I wrote a blog post on the differences in residual for individual disability insurance. In my given scenario one carrier would pay out over $25,000 more than the other! With so much disparity in the individual product benefits, I decided it would be good to compare options under the residual definition with […]
Do Your Business Clients Need Key Person Disability Insurance?
Key people are employees who contribute a large percentage of an organization’s sales, growth, and consequently, income. But what if an unexpected injury or illness was to disable one of these key employees? Waiting for the employee to recover or finding a suitable replacement could take quite some time.