The average veterinary hospital overspends by 30% on business insurance and workers compensation while also being, unknowingly, exposed to more than $1.2 million per year in potential financial losses from inadequate insurance. Vetinsure, an independent insurance agency, has relationships with the top insurers to provide comprehensive protection solutions and cost savings that strengthen your bottom line.
Vetinsure founder Rod Finnegan explains how the company helps protect your business from financial hardships while decreasing annual insurance costs.
Q: What are the key benefits of using Vetinsure?
A: Our agency provides the following key benefits:
- Improves overall protection from peril and litigation
- Provides PSIvet member-only discounts and incentives.
- Eliminates coverage gaps and policy errors that can leave you exposed to financial losses.
- Integrates one-to-one risk management consulting.
- Simplifies workers compensation audits.
Q: What are estimated yearly savings?
A: Our historic average for PSIvet members is 30%, but everyone is unique. There have been some members who cut their premium in half compared to their previous agent/insurer relationship. We provide a personal consultation, complete insurance exam and insurance quotes designed to fit the needs of your hospital.
Q: What types of insurance does Vetinsure offer?
A: Some of the more common products we provide include:
- Business-owner policy (BOP)
- Workers compensation
- Auto
- Umbrella
- Veterinary professional liability + animal bailee
- Employment practices liability
- Cyber liability
- Directors and officers liability
- Builders risk
- Bonds
Q: How does Vetinsure compare to insurance offered by a national veterinary associations or local agents?
A: First, we are not captive to just one insurer like a national veterinary association insurance program. We have several insurers to choose from to make sure we can provide the best solutions regardless of where your hospital is located in the United States. Second, local agents may bring you their animals, but how many veterinary hospitals do they represent? Does your local agent understand or have the ability to provide consultative advice if something goes wrong in your hospital? Our team is vet-centric and knows how to protect every aspect of what you do.
Q: Who do PSIvet members contact to obtain a quote?
A: If you email copies of your current policies to [email protected], we can provide a full examination, quotes and explanation of benefits. If you are unsure what to send, have questions, or would like to schedule a live one-on-one consultation you can book a time at www.calendly.com/rodfinnegan.