The Doctor is in…sort of

The modern medical practice is a far cry from the doctors’ office we visited as children. Today’s doctors’ office often consists of several doctors, nurses, physician’s assistants, clerical staff and a lot of very expensive medical equipment.

When it comes to insuring the modern medical practice much more is needed than just building and contents coverage. Typical property policies, even all-risk policies, specifically exclude some of the most common equipment accidents, including electrical arcing, power surge and mechanical breakdown. Not having these types of risk properly insured could cause very costly property damage, business interruption and spoilage loss.

Having a key piece of equipment such as diagnostic equipment or your computer system breakdown could cost a medical practice significant revenue and could inhibit the ability of the medical professionals to perform their jobs. That is why it is critical to make sure that the insurance covers systems breakdown.

What does Systems Breakdown insurance cover? It covers nearly everything that is mechanical or electrical. The objects that breakdown the most are telephone and communication systems, heating and air conditioning systems, computers, copiers, fax machines and other office technology. Virtually any type of equipment a medical practice is likely to have is covered by Systems Breakdown coverage.

So make sure that your practice is properly insured so that when your patients call to ask if you are in, your receptionist does not have to reply, “sort of”.

For more information go to www.pennyinsuranceagency.com
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