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Working as a veterinary surgeon is a rewarding job. However, it can also be a risky job. Workplace accidents happen, things can go wrong during the surgery, and animals can act unexpectedly. When injuries do occur, having income protection insurance ensures you are still able to carry on financially while recovering.

What Veterinary Surgeons should know about income protection insurance?

Income protection insurance is a benefit that, depending on your policy and provider, can pay a substantial proportion of your income. It can cover you for workplace accidents, illness, and major traumas. Often, you will receive this paycheck until you are ready to return to work, and if you are not able to return, income protection insurance can continue to pay you until your retirement (65 years old). Income protection insurance is also tax-deductible. Veterinarians should also know that providers have different policies, particularly when it comes to paying premiums. Compare policies to find the one that best suits you.

When would vets make an income protection insurance claim?

Generally speaking, as a veterinarian, you would make a claim if you have become “disabled,” meaning you are suffering from an illness, injury, or major trauma that is preventing you from working in your primary occupation. Income protection insurance providers like Suncorp state that “disabled” means that because of injury or sickness, you are unable to properly perform your duties at work, are not working and are undergoing treatment under the expert advice of a registered doctor. Do not assume that all income protection insurance providers define “disabled” in the same way, so please double-check before signing up.

Why Vets should get income protection insurance?

Income protection insurance is a safety net should you suffer an unfortunate accident, illness or major trauma. We all like to think that these things will never happen to us. The reality is that the nature of the Veterinarian working environment means accidents, illness and traumas do occasionally occur. Income protection insurance gives you peace of mind so you know that if something unfortunate does happen, you are still able to provide financially for yourself and your family. With so many options available to you like the cover provided by Suncorp, there is a policy that best suits your needs.

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