Even the smallest medical practice has the same business insurance issues as a large multi-specialty group.

BUSINESS OWNERS POLICY (BOP)
Combines protection for general liability (slip and fall) and medical office equipment loss (fire and theft)

WORKERS COMPENSATION (WC)
Is required for all New Jersey employers and protects both employer and employee for workplace injury.

BUSINESS OVERHEAD EXPENSE INSURANCE (BOE)
In the event you or a partner gets hurt or sick and can no longer generate revenue BOE coverage pays the practice expenses such as employee salaries, rent and utilities until recovery.

BUSINESS REDUCING TERM INSURANCE (RT)
In the event of a disability, RT coverage pays off bank loans you have taken for the practice.

EMPLOYMENT PRACTICES INSURANCE (EPLI)
Just like a large employer, your practice is at risk when you fire or even refuse to hire.  Employers can be liable for triple damages for employment discrimination judgments.  EPLI coverage not only pays the claim but also provides experienced defense counsel to help you fight any claims.  In 2008 overall EPL claims increased 15% and age dicriminition cases increased 28%

BUSINESS CONTINUATION COVERAGES (BCC)
If your partner dies or becomes disabled, these coverages will fund the transfer costs of ownership  avoiding this added expense during the most critical time of your practice.

GROUP HEALTH INSURANCE (GH)
Health insurance costs in New Jersey continue to skyrocket each year.  Working with all the major carriers in New Jersey, MedNET tailors the insurance plan to meet needs of your practice while staying within your budget.