Tom's Blog
If you own an optometry office you understand how essential it is to protect your livelihood. Whether it is the building structure, patients’ medical records, office equipment, or employees, you understand that unfortunate situations/accidents can occur in the blink of an eye and without proper insurance protection, your business could be faced with financial ruin. Does your optometry office have the right business insurance?
Your business success depends on many factors and providing the optimum care for each and every patient is your priority. However, what happens when you have a patient who comes in for a routine eye exam and slips on the floor causing a serious head injury? Your disgruntled patient has now filed a lawsuit. Without adequate business insurance protection, you are putting your business, reputation, and assets on the line.
Some Typical Coverage Options to Consider for Your Optometry Business, But Not Limited to:
Business Property Coverage- This coverage is designed to protect the building structure itself from covered losses, such as fire, vandalism, theft, and lightning. Also, it provides protection for the contents in the building such as furniture, medical equipment, supplies, and electronics.
General Liability- Liability coverage is devised to provide the protection you need for accidents that happen in your optometry office. It includes protection for you against claims of bodily injuries to people and damages to property that occur. An example of this would include a “slip and fall” from a patient.
Identity Theft- Our cyber infused society has many benefits, but unfortunately identity theft is one of the downfalls. As a business owner, there is nothing more shocking to learn that all of your patients’ private medical information and personal information (social security numbers, financial information, and addresses) have been exposed and now you are responsible for the after effects of potential identity theft of each and every customer, not to mention your business reputation. Identity Theft Coverage provides needed protection for costs associated with recovering damaged/lost information, notifying patients, and establishing a stronger data security strategy.
Business Equipment Breakdown- This coverage is essential when you consider the possibility of your optometry or ophthalmology equipment breaking down. Would your business be able to survive financially if your specialized equipment stopped working and the business had to shut down temporarily? This coverage provides protection for these items for repair/replacement during a breakdown and subsequent lost income replacement as a result.
Other Available Business Coverage Options for Your Optometry Business:
- Business Interruption
- Commercial Auto
- Professional Liability
- Employment Practices Liability
- Inventory Coverage
- And More
Having the right protection for your business can make the difference between your business thriving or having to close the doors.
For All Your Business Needs!
Paramount Insurance Agency is here to assist you in finding the custom designed insurance policy that best suits your needs, as an optometrist or ophthalmologist. We can package the coverages you need into one policy from an A+ rated (AM Best) insurance company that will be there when something bad happens. Finding optimum financial protection for you at an affordable cost is our main objective. Call us TODAY!
