Veterinary License Defense and Excess Limits

Annual Premiums Effective January 1, 2018

 

Veterinary License Defense

 As veterinary licensing agencies more aggressively investigate complaints, disciplinary board actions are increasing. Finding an attorney qualified in regulatory matters is hard enough, then you have to pay his or her fees. This optional endorsement responds to complaints against your veterinary license, including frivolous accusations that could cost you thousands of dollars out-of-pocket to defend (subject to policy terms, conditions, and exclusions). Legal fees to defend your veterinary license are not covered under your PLIT-sponsored Professional Liability Policy without this endorsement. 


PlanDefense LimitAnnual Premium
1$25,000$85
2$50,000$99
3$100,000$112

 

caduceus  Find a link to your state veterinary regulatory board’s website here.

 

Notice: This covers disciplinary issues that arise out of incidents that occur after the date coverage is secured. If you have had a regulatory action taken against any veterinary license in the past three years, you must wait three years from the date of the regulatory action to apply for this endorsement. A regulatory action means any formal warning, restriction, probation, fine, penalty, suspension, or revocation of any veterinary license. A dismissed compliant is not considered a regulatory action. If you are involved in an ongoing investigation, you are not eligible for coverage. Please contact us when the outcome has been finalized to determine eligibility.

 

 

 

Excess Limits (For All States Except Ohio)

If you currently carry the highest primary professional liability plan and desire more protection, you may purchase excess coverage which provides additional coverage. Higher limits are available upon request. Limits are listed as per occurrence / annual aggregate.

Ohio Veterinarians: view your excess rates

PlanLimitsPredominantly EquineFood Animal or Mixed PracticePredominantly Small AnimalSmall Animal Exclusive
1$1,000,000 / $1,000,000$460$227$133$102
2$2,000,000 / $2,000,000$749$368$215$166
3$3,000,000 / $3,000,000$990$487$285$219
4$4,000,000 / $4,000,000$1,162$572$335$258
5$5,000,000 / $5,000,000$1,288$633$371$286

 

Definitions

Predominantly Equine: 70-100% of professional activity is derived from equine practice
Food Animal or Mixed Practice: 70-100% of professional activity is devoted to food animal practice OR any combination in which no one animal type is 70% or more
Predominantly Small Animal: 70-89% of professional activity is devoted to small animal practice or regulatory medicine involving equine, food animal, and mixed practice
Small Animal Exclusive: 90-100% of professional activity is devoted to small animal practice, practicing with exotics, or small animal regulatory medicine