Is Your Practice Financially Protected?

Insurance Awareness prompts a closer look at coverage — for physicians and their practices alike

Every day, physicians run checkups on their patients. But few pause to ask when their own practice last had one. 

National Insurance Awareness Day, observed every June 28, serves as an annual reminder to review insurance policies. For health care professionals, the timing fits well as summer is a travel season, staff are more often out of the office, and a practice’s exposure to gaps or interruptions is worth double-checking. 

But the occasion raises a broader point that holds up any time of year: is coverage keeping pace with the practice that’s grown around it?

Policies are often set up once and left alone for years, even as risk, staffing, and patient volume changes. A periodic review can bring real reassurance by either confirming a practice is well protected or catching a gap while there’s still time to close it. 

What Should Your Policies Look Like

Malpractice coverage that grows with the practice 

Complications may happen, no matter how careful care is. A strong policy ensures you are covered no matter what. Limits, tail coverage, and structure should reflect where a practice stands today, not when the policy was first written. Physicians who revisit this periodically often find protection has quietly fallen behind. 

Commercial insurance built for health care’s risks

Exposure extends well beyond the exam room to property, liability, cyberattacks, and business interruption. A policy shaped around those realities means the disruption is far smaller when the unexpected happens. 

Benefits that support the team

A practice runs on its people, which makes health and dental benefits more than a budget line. Competitive, cost-effective packages help keep a team feeling valued — an investment that pays off in retention and morale. 

Personal protection outside the practice

Life outside the practice deserves the same attention as the work inside it. Home, auto, and umbrella insurance built around physicians’ specific exposures can often be bundled into one streamlined package. 

Behind each of these is a simple idea: coverage should feel built for the physician carrying it, not adapted from a generic template. That’s the perspective Actuate Insurance brings as a subsidiary of the Massachusetts Medical Society, publisher of the New England Journal of Medicine — shaped by decades of understanding what physicians need. 

Thus, when there’s a quiet moment this summer, it may be worth giving your coverage the same checkup you’d encourage a patient to keep up with. Schedule an insurance checkup today.