If you are a veterinarian, you probably want to focus your efforts of making sick pets healthy. You probably don’t much care for thinking about practice administration and insurance. Not having a good liability insurance policy, though, could ruin your veterinary practice. Here are some reasons every veterinarian should have veterinary liability insurance in Pennsylvania.
In today’s litigious society, virtually no one is immune from lawsuits. Even frivolous suits can be extraordinarily expensive to defend, potentially bringing your veterinary practice to a standstill. For suits that do have merit, you might expect to pay millions in settlement or judgment fees. Very few veterinarians can survive that type of financial assault. Even worse, the stress these potential legal actions can take on a practicing veterinarian can be downright crippling.
Fortunately, professional liability insurance for veterinarians offers protections for both errors and omissions. Even if you approach your practice carefully, you will make a mistake at some point. This coverage will protect you from both mistakes you make and things you forget to do altogether. By being able to avoid expensive liability for mishaps, you will be able to focus on building your practice and providing good veterinary medicine.
For many reasons, all veterinarians should have veterinary liability insurance in Pennsylvania. Foregoing purchasing such protection will leave you vulnerable to potential expensive legal action.