If you are like most dentists, your practice is, next to your family, your pride and joy. It is also the major source of financial security for you and your family - your greatest asset.
In many ways, your practice is your life.
It's your kids' birthdays, their college education, your family vacation. It's your house, your yard, your future. Some day, it's your retirement.
Potential Disasters Are Always Present
Your practice is also, unfortunately, your greatest liability. Your practice faces no shortage of potential disasters: fire, flooding, theft, equipment breakdown, loss of key financial records, frivolous lawsuits from disgruntled patients and possibly former employees and probably disasters you haven't even considered. You could probably fill the rest of this page with horror stories you've heard or, worse, experienced.
There literally isn't enough time in the day to worry about all the things that could go wrong, which is hardly a recipe for peace of mind. But you can have peace of mind. Reading this report is the first, big step to that end.
Why?
Because we, as longtime insurance industry insiders, are going to share with you the secrets to peace of mind and protection. These secrets are little-known outside of the insurance industry, but they constitute information that no responsible dentist should be without.
We want to share this information with you because we know peace of mind is so important. We are willing - actually, we're excited - to reveal to you the secrets about insurance. Secrets that ensure your practice has all the protection it needs.
Why would we just give these secrets away? Because it's just as good for our business as it is for you. We want to let you in on the knowledge we have accumulated as insurance industry professionals and insiders. We want to do this because we have found, time and time again, that generosity and the willingness to provide really great service come back to us. Tenfold. In fact, that's how we have built our business.
What if Disaster Strikes - Are You Covered?
But enough about us. This report is about your business, the risks it faces and how an insurance program can be designed to cover most, or even all, of these risks.
First, start by imagining a disaster. One day, you get to work - the first one there as usual. You find the door already unlocked, which sends up a big red flag in your mind because you know you locked the door the previous night. You open the door and find . . . desk drawers open, file cabinets overturned . . . and the personal computers on each desktop - where are the PCs?
You go into your office and find the drawers to your desk open, including the locked one that had keys for all your practices' most sensitive documents. Those keys are gone. So are the documents.
By the time your employees arrive for work, you have realized you are living a worst-case scenario. The office has been gutted by thieves, and there's no way your business can be operational any time soon.
Insurance Program Must Cover Worst Case
What do you do, besides panic? Fortunately, this isn't reality. Not yet, anyway. It is a hypothetical situation. But imagine if it did occur. Would your insurance program cover the revenues you would lose? Would it help you pay your bills in the absence of your usual revenue stream? Would it reimburse you for the expenses you incur in getting your practice back up to speed?
You need insurance to cover anything that can hamper your practice, endanger your revenue stream or threaten your reputation. Anything less than that is not adequate. So how do you get adequate coverage? How can you know all the risks you face that could hamper your practice?
You keep reading this report.
Peace of Mind in Four Easy Steps
We've been working with dentists for a long time, and we've heard every horror story imaginable. If they were our clients, we were able to take care of their problems. Quickly and easily. Why? Because we were prepared. In this report, we will tell you how to be prepared. We will tell you how to get peace of mind. It's just four steps away.
1. Design a disaster recovery plan for your practice.
Insurance can't cover everything, and all coverages have limitations. So you need a plan that allows you to get the practice back up and running as quickly as possible. If you don't feel you have the expertise to design this plan, there are plenty of professionals out there who can do it for you. In fact, as a client of H&H, you would have access to industry professionals that can help you design this plan - at no cost to you!
For this recovery plan to be effective, you need to do the following:
- Identify the critical business activities and the resources needed to support them.
- Plan for the worst-case scenario. Do research before a disaster strikes on alternative facilities, equipment and supplies.
- Set up an emergency response plan and train your employees how to carry it out. Consider alternative power sources and communication systems, and supplies such as first-aid kits and flashlights.
- Compile lists of important phone numbers and addresses, including those of local and state emergency management agencies, suppliers, your bank, your insurance agent and claim representatives for your insurance companies, as well as phone numbers and addresses for your staff. These lists should be kept off-premises, perhaps in a safe deposit box.
- Implement a communications strategy to prevent the loss of patients. The strategy should enable your patients to contact your practice at its new, temporary location.
2. Have a business insurance specialist conduct a risk analysis of your practice and its operations.
No two practices are the same, even two that are on the same street. You have your own building, your own computer system, your own equipment, your own staff. You might perform procedures your insurance company is unaware of which could leave you to defend yourself in a lawsuit.
You need an expert to assess your practice and the specific risks it faces - and put together a comprehensive insurance plan to protect you.
3. Use an independent insurance agent.
Since insurance can be a large part of your annual budget, you want as many options as there are available for your insurance program. As such, you don't want an agent who is an employee of an insurance company. Or an agent whose paycheck is tied to just one company. You want someone who will work for YOU. You want someone who has access to a variety of insurance companies, a variety of programs. You want someone who can compare price and coverage options. Someone who can get the most comprehensive coverage for you, possibly with several insurers that will each provide a piece of your program.
There's only one type of insurance agent who can do all of this for you. An independent agent.
4. Don't trust the financial protection of your practice to an insurance agent who does not specialize in dentists' insurance.
Don't trust the future of your practice to someone who does not have a comprehensive understanding of the special exposures dentists such as you face every day. A specialist? Absolutely. Look, insurance is a huge industry. There's insurance for everything. And nobody can specialize in all of it.
In fact, a professional independent agent can specialize in only a few niches - and really understand them. We do. We've studied the insurance market for dentists in Ohio for years.
We know:
- Which insurers offer the most comprehensive coverage on an occurrence basis for less premium than most dentists pay for claims-made coverage.
- Which insurance companies to turn to for a dentists' specialized coverage needs - and believe me, you do have very special needs.
- Which insurers provide a three-year policy so your premium will not increase every year.
- Which insurance companies provide inexpensive prior acts coverage if you need to move from claims-made to occurrence coverage.
- And which insurers provide the best claim service, most aggressive defense to protect your reputation and pure consent which requires your consent to settle professional liability claims.
No Charge, No Obligation
We will give you this information for FREE. No charge. No obligation. We do this because we've built our business on our reputation. We never hard-sell insurance. We have a no pressure, no hassle promise. We'll never pressure someone to make a decision they aren't comfortable with. We're in the service business. The better service we provide, the better it is for all of us.
Our clients stay with us because of our service - and they refer us to their family and friends.
We believe we serve the insurance needs of dentists in our state better than anyone. We believe this because we spend a lot of time with our clients, determining their needs, their level of risk, and finding the perfect insurance program for them. We don't stop there. Insurance is a relationship business. We partner with our clients to help protect their financial future as well as their personal reputations.
So if you want to protect your practice, your reputation and your future, from a crisis or catastrophe, call our office - (877) 592-9076. We're here to help!