I want to start my own practice, what do I need to know about insurance? Whether you are directly out your residency or breaking off from a hospital|private practice; the following will outline the insurance needs of a private practice into three simple categories [Personal Insurance, Business Insurance and Employee Benefits]. Personal Insurance: In college, I had a finance professor teach the concept of “pay yourself first.” In order to run an effective practice, first make sure your personal house is in order. Life Insurance Disability Insurance Property + Liability Homeowners Policy Personal Auto Policy Umbrella Policy Business Insurance: Properly … Continue reading
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