As a medical practice owner, you work incredibly hard for the benefit of your patients, and you deserve sincere and whole-hearted thanks. We appreciate all the good you do for your patients, your staff, and your community.

One of the ways we have chosen to express our appreciation is by creating the TMA Member Business Overhead Expense plan issued by The Prudential Insurance Company of America. This plan is designed to help protect your practice, and your savings if you become too sick or injured to work. If you don’t already have this coverage, now may be the right time to seriously consider it.

Practice Owners Must Expect the Unexpected

If you’re in private practice, you know that there is so much more to being a practice owner or partner than you dreamed of when you were young. Yes, you love taking care of your patients and the relationships you have built with them; but you have legal considerations, staff needs, and in the end, you never forget that you are running a business - one that needs to remain profitable to succeed.

So, what happens if you become sick or injured and are unable to work for an extended period of time? You most likely have disability insurance to help protect yourself and your family. But what will protect your practice?

If you couldn’t work, who would see your patients? How would you pay for your lease and utilities (or your share of the business overhead)? How would your practice cover the salaries for your staff if you weren’t bringing in revenue? Because of an injury or illness, these bills can pile up alarmingly fast. The right insurance could help prevent you from draining your personal savings to cover office expenses. 

When Personal Disability Insurance Doesn’t Fit

Your personal disability insurance benefit is meant to help protect your personal and familial expenses. If personal disability insurance is made to do double duty, it will likely not be enough to cover your business expenses and take care of your personal needs. Chances are, they will both suffer. It is important to help protect your practice’s financial health with Business Overhead Expense insurance.

1-800-880-8181 7:30 – 5:30 CST Monday – Friday

How Business Overhead Expense Insurance Helps to Protect Your Practice

The benefits from your Business Overhead Expense Insurance can be used to help cover the many expenses your practice will incur while you are away:

• providing for a locum tenens physician,
• lease or mortgage payments,
• employee salaries,
• payroll taxes,
• utilities,
• office supplies and equipment,
• maintenance services,
• loan payments,
• property taxes,
• and more.

In a very real sense, this coverage can help keep your practice viable for those who rely on it: you and your family, your patients and your employees. It helps protect everything you have achieved through hard work, and maintain your professional standing in the community as well as the successful momentum your practice has built.

TMA Members Have Exclusive Access

If you are a TMA member, you have access to the TMA Member Business Overhead Expense Plan issued by The Prudential Insurance Company of America, which offers exclusive benefits that were designed with your needs in mind.

Take a closer look at the specific benefits of this coverage.

• This plan pays a monthly benefit of up to $50,000 per month.
• The TMA Member plan pays benefits up to 24 months; twice the benefit period of some other carriers.
• This plan makes the first payment retroactively after you have been disabled for 30 continuous days.
• During the time you are disabled, your premiums are waived, so coverage will continue at no cost to you.
• If you suffer even a partial disability, you may qualify to receive benefits.

At TMA Insurance Trust, we care about your future and are sincerely committed to your success. We want to ensure that if you become seriously sick or injured, your practice can keep going while you get better. Get the plan that goes to work for you when you can’t work.

Consult free of charge with one of our knowledgeable advisors who can help tailor a plan that takes into account your specific circumstances and offers you optimal insurance protection. To contact us, call 1-800-880-8181 or complete the form on this page to schedule a call. 

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.