Insurance can be a lifesaver, be it any aspect of life. When it comes to professionals like doctors, physicians or surgeons, any unforeseen incident in their lives that renders them incapable of working as a professional can be heart rendering.

What can one do to protect yourself from such a situation?

As there are no guarantees in life, the least one can do is prepare for it. For medical professionals it makes sense to buy true own specialty disability insurance for doctors. This insurance helps protect them against financial losses in case they are unable to work any longer due to natural or unnatural reasons.

Who provides True disability insurance?

When out looking to buy insurance, one will be spoilt for choice. It is pretty hard to decide which company to go for as all f these presents a very rosy picture of the future prospects. The trick is to read the fine print and ensure that as a client, the company is protecting your cause on all ends.

What is the definition for true own specialty disability insurance for Physicians?

One of the main definitions to look for is the definition of disability in the clauses. Different companies have different definitions based on their company policy. The exact clause that one has to search and ensure for in their contract is-

A person is eligible for disability insurance when they cannot perform their duties as a physician/doctor/surgeon anymore due to illness or physical disability. This clause does not bar the person concerned from taking up work outside their profession or closely related to their field of expertise from claiming the insurance.

What should one avoid in their insurance clause?

When looking to buy a true own specialty insurance for surgeons in the hospital or in personal capacity, one must ensure that the clauses in the policy do not bar the person filing a claim from working in any other field either related or unrelated to their expertise.

Some companies put a blanket ban on having any other source of income, while some put a ban up to 65 years of age on working in any capacity.

How is this detrimental to your cause?

These kinds of restrictions affect a person on multiple levels:

A person is in any case demoralized because of their inability to work.
Having a ban from taking up alternative work will only add to mental stress and imbalance.
Makes a person feel emotionally and financially unstable
In spite of having insurance you are left thinking if it would be advisable to avail the insurance policy.
There are professional companies one can consult with who can help you in figuring out the nitty gritty of buying an insurance policy best suited for you and your family.

The long of short of it is one should be extremely careful in reading through the fine print so that there are no rude surprises when one is banking on their safety net.

Doctor Insurance Group, LLC

https://doctorinsurancegroup.com/