Customised Cover for Veterinary Practices
Vet Practices like all businesses are required to have insurance in place to protect their practice. But Vets also have special risks, as they are looking after pets that are more often than not regarded as important part of a family.
Why Insurance is important for Vet Practices?
When operating a vet practice or even just consulting as a vet there are a myriad of unexpected events that can happen which could result in a claim being made against you or your practice. As a starting point you are relied upon for your service and advice and if a client makes a claim against you as a result of your service/ advice you will want Professional Indemnity Insurance to help protect you against legal action. Next you should consider Public Liability which will protect your business against damage claims for personal injury or property damage.
Another consideration for your business is material damage and financial loss. The material damage could be caused by a fire, a theft, or another accident in the workplace that incurs significant loss as a result the replacement of your fittings and equipment could come at a high price. Business Interruption could also be important for you – it will provide cover for the loss of income and the increased costs of running your business that result from damage caused by events covered in your policy. If the damage to your premises means you need to move out, finding a new location could not only be difficult but also costly.
In addition to the risks of running a business you may also like to consider Tax Audit Insurance so that you don’t end up spending your time at the desk when you would rather be helping animals.
It is simply good business practice to ensure you have the right cover in place so that you can secure your practice in the long term.
How much does it cost?
Your Insurance cost will of course depend on the insurances you choose, but as a guide, a package of Professional Indemnity and Public Liability, with cover of $1 million and $10 million respectively, starts at just $96.00 a month. (Note the price will vary according to the State you are in due to Stamp Duty variations).
if you are looking to cover the physical assets of your practice, this cost will vary, depending upon factors such as; the cover options you select (contents, theft, glass, business interruption, etc), the make up of your business (eg number of employees, revenue turnover).
The easiest way to understand how much this will cost your practice is to get a quick free quote online!
And of course there is the BizCover Price Promise, which means if you can get a lower price for a comparable product, BizCover will match it or give you a refund!
What Cover should Vet Practices Consider?
If you are uncertain about your needs the best thing is to give us a call on (02) 8287 6515 and we can talk through the options. Depending upon the nature and scope of your business, your needs will differ. As a start point, you may want to review:
Whatever your needs we can create a customised business package solution for your needs.
Why choose Biz Cover for your Business Insurance?
BizCover is an online insurance service that simplifies comparing and buying cover, so you can benefit from transparent pricing, a fast hassle-free experienc
We offer the Best Price Promise
BizCover is committed to offering the best price possible for your Insurance. If you’ve just purchased your policy from us and get a cheaper quote for comparable coverage, BizCover will match it or give you a refund. Even if you haven’t bought yet, let us know. We will still try and beat that quote.
We are different, and we lead the pack
We’re Australia’s No.1 online business insurance service. We know our insurance, and what makes small businesses tick. We are the only place where you can go online compare a range of products and purchase your business insurance there and then.
Clear and competitive pricing. Backed by the BizCover price promise
Cover you can trust. All our insurance comes from Australia’s top insurers and BizCover don’t favour one insurer over another.
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BizCover will give you a range of quotes for what you want in seconds, and you can buy a policy there and then. In fact, you can search, get a quote and buy within 5 minutes.
What other customers have to say
4.6 out of 5 ‘excellence’ rating on Feefo.
Why do our customers love us so much? Well by keeping things simple, we can help you make the best decision – quickly. We ask all the right questions upfront, so you get the right insurance at a great price. Best of all, because we’re online, you can buy insurance 24/7 in your pyjamas if you prefer! That said, our friendly service team is always on hand to take your call and answer any questions during office hours.
Insure your business today and rest easy
Insure your business today and give yourself the peace of mind knowing your financial well being is protected.