Veterinary offices face various risks, including general liability, property damages, errors and omissions, cybersecurity threats, natural disasters, vandalism, and more. You need insurance policies to mitigate all known risks and protect your practice. Disability insurance for practicing veterinarians can help you protect your income and payroll. You’ll also find policies to cover general liabilities, theft, and other hazards. Here’s how to reduce risks in your veterinary office:
1. Purchase Adequate Insurance
Following the best practices and setting safety standards can only mitigate some risks. You need insurance policies to cover the identified risks. Insurance is specifically designed to protect your business from specific hazards. Disability insurance can protect your income and private practice if you get disabled due to illness or injury. Veterinarians are also exposed to slips, falls, auto accidents, and infections. Interacting with sick and aggressive animals also poses a risk.
Insurance coverage can pay for scratches, bites, lacerations, infections, slips, falls, and car accidents. The policies will cover part of your income if you’re ill, injured, and unable to return to work. You can also purchase add-ons to cover your payroll, business rent, and other payments. Disability insurance for practicing veterinarians will protect your business assets and income even if you cannot return to work. Consider these categories of insurance policies:
a) Soon To Be Veterinarians
Veterinarians face risks long before they start earning from their profession. As a student in the veterinary field, you carry some risk of falling ill or getting injured during training. Experienced veterinarians know the routines and precautions to take. Soon-to-be veterinarians lack the experience and have many aspects that require polishing. Leading insurance providers have specific policies for student veterinarians.
b) Practicing Veterinarians
Licensed veterinarians are just as vulnerable to injury and illness as soon-to-be vets. Risks like needle accidents, chemical exposure, zoonotic infections, and pins and needles can happen to anyone. Practicing veterinarians can purchase insurance premiums to protect their income in case of a disabling injury or illness. Disability insurance is extremely valuable if you’re a practicing veterinarian, as the insurance covers you on and off the job.
c) Practice Owners
If you own a veterinary practice, you’ll need particular insurance policies to cover employees, business income, and other risks. Practice owners can purchase coverage for dental health, vision, life, disability, critical illness, accidents, and more. Running a veterinary practice calls for group benefit insurance plans and custom policies. You’ll need a comprehensive assessment to effectively determine how to reduce risk in your veterinarian’s office.
2. Uphold Safety Measures and Standards
Veterinarians face a spectrum of risks, from minor scratches and lacerations to severe infections and injuries. Fatal car accidents are also a concern if the office sends personnel to client residents and farms. Following safety tips and standards can prevent common injuries and keep everyone safe. Consider the safest ways to handle and restrain pets/animals. Be careful with hazardous substances like medication, anesthetics, sterilizers, and cleaning agents.
You can install non-slip floors and remove clutter to mitigate the risk of slipping, tripping, and falling in the office. Study the animals to gauge when they’re sick, infectious, or aggressive. Follow the recommendations for using syringes, contacting animal blood and bodily fluids, and disinfection. Whether you run a private practice or have a team of helpers, you should consider the following safety tips:
- Keep Office Clean: Cleaning and disinfecting the office and exam rooms can prevent the spread of zoonotic diseases. The veterinary office is exposed to different pathogenic microbes from animals and the places they visit. Practice owners can leverage UV disinfection or implement other cleaning routines to keep the offices and common areas clean.
- Use Warning Signs: Veterinary offices should feature sufficient signage to guide visitors and employees. Signs can indicate where the exit or fire extinguisher is. Other signs warn about chemicals, dangerous animals, and operation rooms. Use signage to inform your personnel and visitors if you’ve repainted the walls or installed a new floor.
- Perform Risk Audits: Veterinarians should perform risk audits periodically. The goal of an audit is to create a complete profile of risks, so you can see what’s covered and what needs protection. Performing an audit will help you determine whether you can find better policies and coverage. You should only cover inevitable risks like disability and general liabilities.
Disability Insurance for Practicing Veterinarians
Disability insurance for practicing veterinarians is one of the first policies you should purchase as a new practitioner. Veterinarians face many threats from internal and external factors. The best way to minimize risks is through insurance plans. You can buy different policies to protect your practice, income, payrolls, profits, equipment, property, and other assets from unforeseen incidents.