Most physicians, clinics and agencies have made significant investments in the latest furniture, equipment, and machinery to serve their patients. Besides just insuring your building and contents, the proper insurance will protect against any lost income to your practice resulting from a covered loss to property, including loss resulting from equipment breakdown. Accounts receivable, valuable papers, records, money, securities, computer equipment, software, and media should also be included and protected under your property coverage.
Don't forget Flood Coverage. Your practice is almost 26 times more likely to be damaged by flood than fire during the course of a 30 year mortgage. Did you know that only 25% of all homes or businesses in areas most vulnerable to flooding actually carry Flood Insurance? Surprisingly, government statistics show that over 41% of all flood losses actually occur outside of known flood zones.
