In the event of disability, medical practices can be devastated if a key partner can no longer work. Even if a healthcare professional has a good disability insurance (DI) policy that covers their personal expenses, individual and group policies do not cover the costs associated with running a practice. If a disabled partner is no longer able to cover their share of expenses, this can lead to employees losing jobs, the burden shifting to other partners, and even bankruptcy.
Backed by certain underwriters of Lloyd’s of London, High Limits Business Overhead Expense (HLBOE) from MGIS handily outperforms traditional Business Overhead Expense (BOE) coverage. HLBOE was designed with the specific needs of healthcare professionals in mind.