PVMA Keystone Veterinarian Fall 2021 - 29

Success Story #2. Veterinarian, Western PA. This practice
had been auto-renewing their workers' compensation and
liability for years - at least 15 years. We explained that our
job was to take a peek and see if we can help them save
money. Who wants to pay more than they have to on required
insurances? The result, we cut their expense in half - 50%
savings. Multiply that savings by the number of years they've
been overpaying, and the amount is significant.
Of course, we understand this might take a little longer than
15 minutes, and yes, there is a little bit of work involved,
but the process of reviewing this annually can help you save
money, avoid pitfalls, understand the trends in the market, and
better understand your own practice requirements. Consider
it like a yearly " checkup " or " wellness exam. " As you read this,
think about your current situation: Do you know if you are
properly insured? Are you confident you have seen all options
available? Are you sure you don't have an opportunity to
decrease the expense? Is there $60,000 of savings you don't
know about?
Here are the business policies and employee benefits that we
believe should be reviewed annually:
* Group Health Insurance
* Workers' Compensation
* Business Liability Insurance
* Professional Liability Insurance
* Cyber Insurance (an ever so important policy to have)
As partners to PVMA, our focus is to help you, your practice,
and the veterinary industry. If you have any questions or if you
would like us to take a look at your policies, please visit PVMA's
website PaVMA.org under " Allied Organizations " and submit
your request electronically.
About FocusHRO: Your PVMA
Membership gives you and your
practice access to FocusHRO's best
programs and pricing. They've created
" Business in a Box, " which takes the
guess work out of running your veterinary practice and lets
FocusHRO handle all your insurance, HR/compliance, accounting,
and web/IT needs. These services help keep your veterinary
practice running smoothly. Visit FocusHRO.com/PVMA or call
717.980.3330 to get more information.
IN
PARTNERSHIP
WITH
When is the last
time you reviewed
your policies?
Let the team at FocusHRO perform an annual
review -- be sure you're taking advantage of
the best options for your practice!
Visit www.PAVMA.org and fi nd us in the
member exclusive section to get started.
Pennsylvania Veterinary Medical Association | 29
http://www.PaVMA.org http://www.FocusHRO.com/PVMA http://www.PAVMA.org
PVMA Keystone Veterinarian Fall 2021

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