Insuring a Dentists Hand.

[Frank956]

Hello,

I have a dentist who would like to insure their hands and the hands of a specialist employed in her office.

Who can I contract with that would offer one the ability to insure their hands along with a key employees as well?

Thanks!

(Couldn't find any info with the search function)

 

[Tahoe Ray]

Hello,

I have a dentist who would like to insure their hands and the hands of a specialist employed in her office.

Who can I contract with that would offer one the ability to insure their hands along with a key employees as well?

Thanks!

(Couldn't find any info with the search function)

Why wouldn't they just get DI?

 

[LGilmore]

visit the disability section as that is what you're talking about. Learn to read definitions of disability very clearly. You want own occ, non can. Make SURE there is no two year clause in the definition.

That should do the trick. If they "really" want a hands only, go visit Lloyds.
But they just need a good definition DI policy. Your job to educate in this case. Good luck.

 

[Frank956]

visit the disability section as that is what you're talking about. Learn to read definitions of disability very clearly. You want own occ, non can. Make SURE there is no two year clause in the definition.

That should do the trick. If they "really" want a hands only, go visit Lloyds.
But they just need a good definition DI policy. Your job to educate in this case. Good luck.

Thank you for replying Gilmore.

The only problem is that the DI I offer tops out at 10k. The specialist produces much of the revenue in their new venture and if he goes under the primary dentist will be in hot water. In fact with the debt incurred to employ and maintain this specialist if he injures his hands the priMary dentist will go under.

 

[Tahoe Ray]

Thank you for replying Gilmore.

The only problem is that the DI I offer tops out at 10k. The specialist produces much of the revenue in their new venture and if he goes under the primary dentist will be in hot water. In fact with the debt incurred to employ and maintain this specialist if he injures his hands the priMary dentist will go

Most DI will not cap out at 10k...you can get well over 20k and Lloyds will go much higher than that.

You might want to hook up with an agent/BGA that specializes in DI for this one.

 

[Frank956]

Most DI will not cap out at 10k...you can get well over 20k and Lloyds will go much higher than that.

You might want to hook up with an agent/BGA that specializes in DI for this one.

Thanks Ray, looks like I'll be calling Lloyds.

 

[LGilmore]

Can you offer a different DI carrier?

How much income are they wanting to insure?

Again definition is EVERYTHING. I used Guardian for my Son's DI (doctor) because of the definitions. I am not sure what their retention levels are though.

There are several very good DI providers out there for white collar medical/dental professionals. Visit the DI part of the forum and it may help you.

 

[Tahoe Ray]

Thanks Ray, looks like I'll be calling Lloyds.

Follow Larry's advice. There are plenty of great DI plans out there for this type of risk...Lloyds is often supplemental, built on a base plan (in cases like this) so you'll still need to look for a traditional plan as well.

I would be happy to refer you to a brokerage that specializes in DI.

 

[LGilmore]

I've used Lloyds before for specialized DI. Not cheap, not non can, rate changed every three years and not by a little.

Go the traditional route first.

 

[Frank956]

I sell for MoO but am allowed to contract out in certain circumstances like this.

From the censu between you two it looks like I'll have to contract with someone who offers a substantial amount more for DI.

The specialist produces 250G of revenue per month and he wants to insure himself against him not being able to do his job because of an injury with his hands (he already has life and critical illness on him). He's willing to pay a good amount premium to insure himself against the catastrophic loss of the specialist being unable to perform.

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Ray, what brokerage would that be?