The Disability Component of Buy-Sell Agreements (Part 2 of 2)

Physician Disability in Buy Sell Agreements

In our last post, we started the discussion of buy-sell agreements for physicians and explained how the disability component of these agreements is often overlooked. Disability buy-sell insurance is, simply put, an insurance contract that states that after a period of time being disabled, you, your practice or your partners will be given a benefit amount that was predetermined in order to buy the disabled person’s share of the practice. In this final part of the series, we’ll cover other reasons why you need disability buy-sell insurance and share some probabilities that a disability would trigger a claim.