12 insurance policies physicians should consider


It’s important for physicians to think beyond malpractice when they consider risks to their career and practice.

When physicians think about buying insurance they tend to focus on medical liability coverage, and understandably so: It’s the largest premium they’ll pay and it applies to the risk that usually worries them the most.

But doctors can overlook other types of insurance that can be just as crucial to protecting their assets and livelihood—coverage for everything from fire and hacking to employee theft. In some states, certain forms of coverage are required by law, a mandate of which practices might be unaware.

Insurance needs vary from practice to practice and not every practice needs every type of coverage, but here is a guide to some of the common forms, recommended by insurance and tax experts.