In a perfect world, when a disability strikes and prevents a physician from continuing to practice in the same capacity as before, disability insurance would kick in and make up for the loss of income.  The trouble is that in reality most doctors don’t carry enough disability insurance.  Disability Insurance, like Life Insurance, is one of those things that people intend to add as their income rises but they typically put it off too long.  This is especially true for physicians because they begin their practices with a lot of debt.  So they don’t purchase anything and then forget about it.  Or in many cases young physicians will buy a basic, generic policy that won’t keep up with their income.  Or they buy a policy for a general specialty and then end up getting further training in a new or sub specialty.  This would mean the pay out could be limited.  Think about it: If you were injured or disabled and could not continue to work full time, how long could you and your family go without income?

How do you know if you have an adequate disability plan?  Do you have a group plan?  How does it work?  Do you have an individual plan?  What percentage of your income will it cover?  How is your occupation defined?  Is it specific to your specialty?  Sub specialty?

Contact your Keane Insurance Group representative to learn about a disability insurance plan designed for physicians and exclusive to our clients. 

The Keane Group is the largest broker of medical professional liability insurance in the Midwest.  We have access to over 30 insurance companies and can find medical malpractice insurance coverage for any specialty in any state.