If your veterinary office sends professionals to treat animals outside the office — such as visiting a ranch to administer antibiotics to cattle, or visiting a farm to help birth a baby horse — your company needs commercial business auto insurance coverage. This auto insurance works similar to personal insurance to help protect your company from having to absorb the loss and expenses related to auto accidents. Business auto insurance pays for repair and replacement of your company vehicles after a collision and takes care of medical expenses for anyone who may have been injured in the accident. Different levels of coverage exist that may help you recoup the expenses related to lost medications and equipment in the accident as well.
Professional Liability Insurance
Professional liability insurance is designed to help protect your veterinary office from mistakes. Whether the mistake came from you or one of your employees, professional liability will remunerate your clients or customers if the mistake caused them financial hardship.
Other Veterinary Office Insurance
Other types of insurance your veterinary office needs include workers comp and surety bonds. If you have employees working in your office, you are required by law to carry workers comp insurance. Accidents happen regardless of how careful we are, and workers comp insurance helps pay the costs associated with medical care and recovery if one of your employees is injured on the job.
Surety bonds may be needed if your veterinary office provides services to show animals, other businesses, or government entities. A surety bond is a guarantee that you will provide the services as laid out in the contracts you sign with your customers.