Veterinary Business Property & General Liability

Property Coverage

The PLIT package policy has been developed specifically to meet the unique insurance needs of veterinarians. The policy is designed to help keep your practice open so you can serve your clients. In addition to property and general liability coverages, the package policy also includes enhanced protection for damage to: 

  • Accounts receivable records
  • Other valuable records and papers, such as your medical records
  • Exterior signs
  • Computers and media
  • Property off-premises and in-transit
  • Perishables, such as biologicals
  • Exterior building glass
Also provided is protection against: 
  • Loss due to employee dishonesty
  • Loss of income from off-premises power interruption
  • Damage caused by backup of water through sewers and drains
  • Damage to buildings and contents caused by animals in your care, custody or control

Business Interruption

Business interruption insurance protects your profit dollar when physical damage to your property causes an interruption of operations. Some typical expenses that can be covered by business interruption insurance include:

  • Normal payroll expenses
  • Overtime
  • The cost of transferring operations to another site, including rent
  • The cost of outside services
  • Lease payments on premises and equipment
  • Lost income as a result of your business interruption
  • Extended business income after your property is restored.

 Business interruption coverage is automatically included in all PLIT package policies.

Mechanical Breakdown

Mechanical breakdown coverage protects you from losses due to the accidental breakdown and resulting property damage from mechanical and electrical systems such as: heating and cooling, telephone, fax machines, copiers, and surgical and medical equipment. And because computers are often vital to the efficiency of veterinary practices, the PLIT-sponsored package policy protects you in the event of mechanical breakdown, headcrash or impairment of electrical imaging in your computer system.

 

General Liability

This portion of your business owners package policy covers your practice in the event it's found responsible for causing harm to a third-party person and/or property, and helps to cover the cost of your defense.