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Asset Protection - Doctors Business Network
Summary by Doctors Business Network | When Your Practice Becomes a Business!
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Asset Protection - Doctors Business Network
Asset protection is a key area of financial planning often overlooked by many physicians. Not only do you need to protect your practice against malpractice lawsuits, but also against losses due to bad investments and taxes. Begin with good malpractice insurance. Your policy should include claims-based coverage and insurance-based coverage. You may also need to add tail coverage to ensure you’re protected after the policy ends. Next, add an umbre…
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