The risks of running a veterinary office.
Caring for animals is no easy task and the business of that care comes with very specific risks. Protecting your veterinary office by obtaining the proper insurance coverage is essential. To start, you need the basic policies that most businesses do. This includes general liability, commercial umbrella, and cyber liability. In addition, you’ll want to insure against losses that cause your business to temporarily shut down, which is why a business interruption policy should be strongly considered.
Addressing the specialized risks.
The equipment veterinarians need can range from mundane to very specific, but all of it must be insured. Replacing the high-value equipment needed for your practice can be quite costly and must be properly insured. If your office also boards, hospitalizes, or transports animals, animal bailee insurance can protect you in the event an unfortunate incident should occur resulting in injury to an animal. Simple business insurance just isn’t adequate to cover the risks veterinarians face.