Is Your Insurance Policy in Need of a Checkup?

As a medical professional, you provide checkups for your patients every day. You want to make sure that they are on a healthy track so that they can live life to the fullest. If you have a physicians malpractice coverage plan, it is equally important to perform a regular checkup just to make sure that you are getting all that you can out of your policy.

Is Your Specialty Defined?

Every disability plan should have a clearly defined specialty in order to ensure that you are protected from loss of income due to illness or injury. The policy should also clearly define what a disability is and when your insurance coverage should kick in. If you are an orthopedic surgeon with a hand injury, you are not going to be able to perform surgeries. If your insurance plan is not clear, you may not be covered if the plan assumes that you can still perform family medicine.

How Does Your Carrier Define Your Income?

Many doctors are paid in a range of incentives, and your plan should define exactly how you earn an income. A W2 may only state a percentage of the income you regularly earn, so you should make sure that your medical practitioner disability plan knows exactly what kinds of income you see on a regular basis.

Your disability insurance should be in the healthiest state possible, which means that you may need to give it a checkup every once in a while.