As an optician or optometrist, you face unique demands that other healthcare providers don’t. The eye is a delicate part of the body, and while you do your best to give your patients quality eye care, things can still go wrong with prescriptions, medications, and treatments. Besides the risks involved in dealing with patients, you also have to worry about your employees, equipment, and physical property.
Insuring your business against related risks is important, whether you work as part of a larger organization or own your practice outright. If you are considering what kind of insurance to get for your practice or simply reviewing your existing policy, here are two major types of coverage you need to have:
1. A Business Owner’s Policy:
There are a lot of factors that you should take into account when forming your business owner’s policy. Besides protecting the property your business stands on, a business owner’s policy will cover interests such as your equipment, income, business records, and more. If anything is lost or damaged, your business owner’s policy will give you the peace of mind to continue operating your practice.
2. A Professional Liability Coverage Policy:
Although you offer your best service to your patients, you still face risks associated with providing optical care. A patient may find fault with the prescription or treatment you administered and take action against you for it. Professional liability insurance gives you a safety net in such cases. You can continue to administer care to your patients without having to fear any extreme consequences that result from an accident or disagreement.
Are you considering investing in insurance for your practice? Do you have questions about your existing policy? Contact us at Reed Street today. We would be happy to answer your questions and help you decide on a policy that fits your needs.