Fire, burglary, water damage - it is happening fast, and the practice facility is damaged or destroyed. Financially tight it is also when the boss goes down practice for some time. Then it is important to have the proper insurance coverage policies.
Nina Giaramita
Insurance: the best protection for practices
With the right protection doctors also go in case of damage not bathe with the practice.
Not every insurance makes sense, but some risks can be covered only with the help of the insurance industry, because otherwise the existence of the practice would be threatened. An overview of the major insurance companies for doctors:
Insurance Inventory: A modern and well equipped practice often substantial investments in facilities, equipment and instruments required.
Standard features of an insurance portfolio therefore includes an inventory insurance. The policy protects the expensive practice equipment against loss or damage by burglary, theft, windstorm, hail, explosion, burst pipe.
In addition, can extend the insurance coverage, such as landslide or flood damage can become involved in the inventory insurance. As the number of storm damage has doubled since 1950 at least, special agent in the meantime advised to also take this very far-reaching coverage claim.
Sometimes difficult the determination of the premium amount. The sum insured can vary considerably - depending on medical specialty practice, the value of the inventory of 100,000 are up to several million euros.
The insurance sum shall correspond in each case the replacement value of the practice facility. The insurance will replace the value that the furnishings had the time of purchase - the impairment of use is not included.
Basis for determining the value of material practice is a detailed inventory, which should also include consumables.
Checklist insurance practice
Insurance documents: create copies of insurance documents and they file away in a second folder. The second folder should be kept out of practice so that in case of damage, the documents are available.
Customization: With every major investment should be checked whether an update of insurance coverage is necessary. Even if no change is pending in practice, should take place every two years to control the insurance companies.
Discounts: The possibility of premium discounts should be checked, for example by an additional fire protection. Are useful questions to the provider or the intermediary of insurance after a deductible and the damage to freedom discounts!
About Insurance: Many insurance companies - such as a glass insurance - are dispensable. For small claims it is more advisable to back down a little money around in case of need again to have recourse.
On the inventory insurance usually electronic devices as part of the practice facility are also covered - but only to the listed conditions. When a probe is dropped, does not pay the insurance.
Electronic Insurance: Most electronic devices include expensive equipment to practice. Therefore, this additional policy with larger practices is recommended. She comes from improper handling, operation errors, and in case of overvoltage due to lightning to bear.
In addition, electronic business interruption losses uninsurable, so the revenue loss that may result from damage to electronic devices and data loss.
Business interruption policy: If the practice must be closed after a loss because more necessary renovations, can help the completion of a business interruption policy, to avoid a financial squeeze.
Indeed, despite the short cut correspond to ongoing revenue costs such as rent and salaries to be paid even further. Such insurance provides compensation for the loss of operating profit.
In addition, the insurer takes over the ongoing cost to restore the operating practice - usually for up to twelve months.
For business interruption insurance is made between "small" and "large". The small business interruption insurance can be arranged as a supplement to an existing inventory insurance.
As a proxy for the level of compensation is agreed within the inventory of insurance the sum insured. The practice generates an annual profit of more than 50,000 €, it is worthwhile to take out a major business interruption insurance. In this variant, the insurance premium depends on the annual turnover.
Practice breakdown insurance (PAV): In contrast to business interruption policy provides the PAV in the event of sickness insurance. The PAV is a useful addition to sick pay.
For a daily sickness benefit insurance guarantees in case of illness only from the net income, but not the ongoing practice costs.
The PAV is adopting the cost for salaries, rent and lease rates for a disease. A performance usually occurs only at 100 percent disability.
At the conclusion of such a policy should be ensured that the coverage until retirement age, that applies to the practical task. Furthermore, one should take out cancellation insurance practice as early as possible, because the latest on the 50th Age is expected to contract at a premium to the regular premium amount.
An important role in the PAV and the so-called grace period. This refers to a time deductible. Those who agreed to a grace period of seven days will receive from the eighth day of practice breakdown insurance benefit. The longer the waiting period goes down, the lower the premium.
In addition, it should be: the completion of a practice cancellation insurance is a private matter. The contributions are therefore not tax deductible. In return, the benefits of PAV in case of illness are not considered income, so they are tax exempt.
Due to the number of necessary practical policies, it seems advisable at first to complete all policies with an insurer.
The advantage: It is easier to maintain perspective, and in the event of a claim is straightforward from the contract execution. A single insurer can not make across all lines an attractive offer. Therefore, it is worthwhile to take the offers of different insurers under the microscope.
Little sense to multi-risk policies are, which include among other things, inventory, electronics and business interruption insurance. For such policies to be used for determining the sum insured packages often detrimental.
In addition, may be at risk across all lines in a case of loss of insurance coverage. Therefore, it is more advantageous to look for individual solutions on the lookout and to orient the individual needs.
