Office Overhead Expense Insurance
If a physician in your practice is disabled, office overhead expense insurance helps to keep the practice running smoothly.
Insurance Tip
With a future increase option, a physician can increase his or her coverage annually without requiring proof of good health if he or she is under a certain age. For more advice, read our guide, A Practice of Your Own.
Download A Practice of Your Own guideOffice overhead insurance can help:
- Pay office expenses, such as employee salaries and wages, rent, utilities, business insurance premiums, and more if one partner is disabled and can no longer contribute to the finances of the practice.
- Protect the disabled physician’s disability income – because he or she won’t have to take money out of his or her long-term disability benefit to pay office expenses.
- Protect the employees and practice partners from the effects of one partner’s disability.
TMAIT Advisors have two ways of helping physicians find an office overhead plan that meets their needs:
TMAIT Trust products designed exclusively for physicians.
Since 1969, we have worked with The Prudential Insurance Company of America to offer Group Office Overhead Expense Insurance plan exclusively to TMA member physicians and their dependents. Our Group Office Overhead Expense Insurance includes product and TMAIT member benefits, such as:
- Future insurability option allows physicians to increase your monthly coverage without medical underwriting
- Physicians don’t have to be permanently disabled or confined to their home or a hospital to receive benefits.
- Review of claims and underwriting disputes by a board of fellow physicians
- A rate stabilization fund that helps keep premiums stable.
- Support of physician advocacy efforts
TMAIT Advisors can shop the open market for you.
Our Advisors search a wide range of office overhead expense insurance plans and present a range of options from reputable insurance carriers. We do the legwork. Physicians get the office overhead expense insurance plan that best suits their needs.
Our featured Trust Group Office Overhead Expense Insurance Plan
We have worked with Prudential to design a Group Office Overhead Expense Insurance Plan to specifically meet the needs of Texas physicians and their dependents.
Learn moreRequest a quote
Complete a short online request form and a TMAIT Advisor will contact you with custom pricing, ready to discuss all your options.
Begin the quoting processYou might also consider...
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These coverage types
Long-term disability
Long-term disability insurance protects a physician’s personal income, while office overhead expense protects his or her practice. Getting both coverages gives a physicians the most protection if they are disabled. Learn about long-term disability insurance
Personal accident insurance
In addition to office overhead expense, a personal accident policy can give a physician extra coverage if they are injured, paralyzed, totally and permanently disabled, or killed in a covered accident prior to age 60. Learn about personal accident insurance
Prudential, the Prudential logo and the Rock Symbol are service marks of Prudential Financial, Inc. and its related entities registered in many jurisdictions worldwide.
Office Overhead Expense Insurance coverage is issued by The Prudential Insurance Company of America, Newark, NJ 07102. All coverages contain exclusions and limitations which are contained in the booklet certificate. Contract series 83500. CACOA# 1179. NAIC# 68241.
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