Today's Veterinary Business

AUG 2018

Today’s Veterinary Business provides information and resources designed to help veterinarians and office management improve the financial performance of their practices, allowing them to increase the level of patient care and client service.

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20 Today's Veterinary Business Business Business PROTECT & DEFEND By Ed Branam, DVM, CIC Damage control Animal bailee insurance is a crucial need when you are responsible for the custody, transport or care of patients. From a business liability stand - point, the question then becomes, "What happens if an animal in my possession is injured or dies, is sto- len or escapes?" The short answer is that you are liable for the defined value of the animal under your state's legal statutes. I recall my entire class being excused from a lecture one day during my second year of vet- erinary school so that everyone could help search for a dog that had escaped from the teaching hospital. If several inches of snow had not been on the ground, I would have deemed the event a wonderful opportunity for me to escape the drudgery of the lecture hall. In retrospect, I doubt the school's administration shared this same perspective. The loss of or injury to an animal entrusted to your care can be devastating to not only the owner but to your business and staff as well. Not to mention the animal. The next question is, "Do you have insurance to assist with this problem?" Coverage for the care, custody or control of animals belonging to others is traditionally excluded from standard business insurance policies, so, the answer is "no" unless you have an animal bailee policy. A Basic Understanding What is animal bailee insurance? Well, first let's define a bailee. A bailee is any person or business entrusted with the care, custody or control of another person's The hospitalization of patients, be it for a few hours or several days, is routine at every veterinary practice. In addition, many hospitals offer grooming and boarding as an extension of their services.

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