--- title: Financial Protection for Independent Physicians description: One of the many points of pride for Texas is the number of independent physicians who practice in the Lone Star State. image: https://www.tmait.org/hubfs/August%202017/August%202017%20Week%203.png --- - [800-880-8181](tel:800-880-8181) - [CONTACT US](https://www.tmait.org/contact) - [SELF-SERVICE PORTAL](https://tmait.aebsys.com/#/) [![](https://www.tmait.org/hs-fs/hubfs/TMA%20Insurance%20March%202019/Image/logo.png?width=197&name=logo.png)](https://www.tmait.org/) Topics All Accident Insurance Accidental Death and Dismemberment Auto & Home Insurance Auto Insurance Business of Medicine Business Overhead Expense Insurance Comparing Insurance Providers COVID-19 FAQs Critical Illness Insurance Dental Insurance Disability Insurance Employed Physicians Family Featured Financial Advice Group Benefits Group Coverage Health Insurance Homeowners Insurance HSA Independent Contractor Independent Physician Individual Coverage Insurance For Good Insurance for Women Insurance Review Key Person Insurance Life Events Life Insurance Locum Tenens Medevac Insurance Medical Insurance Medical Practice Medicare Medicare Part D Medicare Supplement Medigap Nearing Retirement Office Overhead Expense Insurance Open Enrollment Personal Umbrella Insurance Pet Insurance Practice Management Practice Managers Practice Owners Prescription Drug Coverage Renters Insurance Residents Retired Physicians Retirement Short Term Disability Short-Term Medical Insurance Supplemental Hospital Indemnity Insurance Term Life Insurance Travel Insurance Vision Insurance Women Physicians Young Physicans Young Physicians ![](https://www.tmait.org/hubfs/August%202017/August%202017%20Week%203.png) [Business Overhead Expense Insurance](https://www.tmait.org/blog/topic/business-overhead-expense-insurance) # Financial Protection for Independent Physicians 19 August 2017 One of the many points of pride for Texas is the number of independent physicians who practice in the Lone Star State. Although an increasing number of physicians across the country are leaving private practice to become hospital employees, many Texas physicians are able to retain their independence. According to the 2016 TMA Physician survey, 26% of those surveyed are in solo practice, another 22% are group practice owners who are co-owners or shareholders and 5% are in partnerships.* ## The Rewards of Independence Being an independent physician has its advantages. As a solo practitioner or part of a small group, you have the ability to nurture your entrepreneurial spirit and have more control over clinical practice. You can maintain a friendly, family-like atmosphere for patients and your staff. Making business decisions and implementing changes is less complicated and more efficient. Given these and the many other benefits of independence, it is no wonder that 73% of independent physicians would prefer to maintain their independence if possible.** Along with these benefits come additional responsibilities and challenges. One area of importance that can be easily overlooked is preparing for a long-term disability. As an independent physician, the health of your practice depends on your personal health. If a serious illness or injury limits your ability to practice, the financial fallout will impact both you and your business. [![We're here to help - CLICK HERE or call today](https://no-cache.hubspot.com/cta/default/400074/a1232ede-af45-4b8f-bee0-19ec9b73de37.png)](https://cta-redirect.hubspot.com/cta/redirect/400074/a1232ede-af45-4b8f-bee0-19ec9b73de37) ***[800-880-8181](tel:800-880-8181)*** ***7:30 – 5:30 CST Monday – Friday*** ## Two Families at Risk Independent physicians have two families; one at home and one at the office. You can help protect your family at home with a long-term disability policy. However, have you thought how a disabling illness or injury would impact your practice staff, your partners, and your patients? You’ve worked too hard to build your practice to let a disability take it all away. With Business Overhead Expense insurance, your practice will continue running until you are able to return. The benefits can be used to pay staff salaries, office rent, business insurance, maintenance services and other overhead expenses. ## Protection Designed with You in Mind At TMA Insurance Trust, we are committed to the success of independent physicians. The TMA Member Business Overhead Expense Plan issued by **The Prudential Insurance Company of America **is an example of that commitment. We worked with them to craft this TMA members-only insurance plan. The TMA Member Business Overhead Expense insurance plan offers a unique suite of benefits: • Though many competitive products in Texas provide 12 months of coverage, this plan provides 24 months of coverage. • This plan offers a lower cost when compared with some competing carriers, which means a great value for you. • This plan makes your first payment retroactively after you are disabled for 30 continuous days. • Coverage is continued at no cost to you during your disability. ## Get the Support You Deserve Being independent doesn’t have to mean going it alone. At TMA Insurance Trust, we care about the challenges you face as an independent physician – and we are here to support you. All TMA Insurance Trust advisors are licensed insurance professionals with decades of experience exclusively serving Texas physicians. Our services are provided without charge, and there is never any obligation or sales pressure. To find out more or to discuss any questions you may have, please call us at (800) 880-8181 or fill out the form below. [![New Call-to-action](https://no-cache.hubspot.com/cta/default/400074/92a5c9eb-63b7-4df3-8acd-d5b2aba296f9.png)](https://cta-redirect.hubspot.com/cta/redirect/400074/92a5c9eb-63b7-4df3-8acd-d5b2aba296f9) For over 60 years, TMA Insurance Trust advisors have been serving Texas physicians, their families and staff. TMA Insurance Trust prides itself on offering unbiased information and strategies to members, along with exclusive group rates on a range of the highest-rated plans in the industry. * https://www.texmed.org/uploadedFiles/Current/2016_Advocacy/TMA_Physician_Survey_2016_Results.pdf Last accessed August 2017 ** http://www.beckershospitalreview.com/hospital-physician-relationships/20-key-insights-into-the-world-of-independent-physicians-33-of-us-physicians-are-independent.html Last accessed August 2017 ** [ Business Overhead Expense Insurance ](https://www.tmait.org/blog/topic/business-overhead-expense-insurance) ** [**Previous Entries](https://www.tmait.org/blog/10-discount-for-a-lifetime-of-income-protection-ltd) [Next Entries**](https://www.tmait.org/blog/the-undeniable-value-of-term-life-insurance) ## Recommended Posts ### [Is Your Practice as Protected as Your Income?](https://www.tmait.org/blog/is-your-practice-as-protected-as-your-income-boe) ### [Help Preserve Your Practice’s Health with Business Overhead Expense Insurance](https://www.tmait.org/blog/help-preserve-your-practices-health-with-business-overhead-expense-insurance) ### [Proactive Insurance Protection for Your Practice](https://www.tmait.org/blog/proactive-insurance-protection-for-your-practice-boe) ### [Help Safeguard Your Practice from Operational Setbacks](https://www.tmait.org/blog/help-safeguard-your-practice-from-operational-setbacks-boe) ### [Special Insurance Savings For Women](https://www.tmait.org/blog/special-insurance-savings-for-women) ### [Help Protect Your Practice’s Heartbeat With Business Overhead Expense Insurance](https://www.tmait.org/blog/help-protect-your-practices-heartbeat-with-business-overhead-expense-insurance) ### [Don't Let An Injury Injure Your Practice](https://www.tmait.org/blog/dont-let-an-injury-injure-your-practice-boe) ### [Don’t Let Illness Or Injury Sabotage Your Practice](https://www.tmait.org/blog/dont-let-illness-or-injury-sabotage-your-practice-boe) ## Speak with a TMA Insurance Trust Advisor: TMA Member Business Overhead Expense coverage is issued by The Prudential Insurance Company of America, Newark, NJ. 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