Protect the Practice You’ve Worked So Hard to Build.

Elite Physicians Wealth Planning helps physicians evaluate business insurance and risk-management strategies designed to protect the practice while coordinating those decisions with the physician’s broader financial plan.

• Commercial General Liability

  Protection for certain third-party claims involving bodily injury, property damage, and other covered liabilities. Needs vary based on patient traffic, premises, contracts, staffing, and operations.

• Professional Liability

  Professional liability exposure should be evaluated based on the physician’s specialty, practice structure, services, contractual obligations, and existing coverage. This coverage is distinct from general business liability.

• Commercial Property

  Coverage for buildings, office contents, medical equipment, computers, furniture, tenant improvements, inventory, and other covered property depending on the policy.

• Business Interruption / Business Income

  Coverage that may help address eligible lost income and continuing expenses when a covered event prevents the practice from operating.

• Cyber Liability & Data Breach

  Coverage designed to address certain financial exposures associated with cyber events, privacy incidents, ransomware, system interruption, and data-breach response. Insurance complements, but does not replace, cybersecurity controls.

• Employment Practices Liability – EPLI

  Coverage that may respond to certain employment-related allegations such as discrimination, harassment, retaliation, or wrongful termination, subject to policy terms.

• Workers’ Compensation

  Coverage addressing employee work-related injuries or illnesses as required or applicable under state law and policy terms.

• Commercial Auto

  Coverage for vehicles owned, leased, or used in connection with business operations, depending on how the practice uses vehicles.

• Business Owner Policy – BOP

  For eligible businesses, a BOP may package core coverages such as general liability, commercial property, and business income into one policy.

• Commercial Umbrella / Excess Liability

  Additional liability limits that may sit above certain underlying commercial policies, subject to policy structure and eligibility.

• Key Person Life Insurance

  Life insurance designed to help address the financial impact that the death of an owner, physician, or other key person could have on the business.

• Buy-Sell & Business Continuity Funding

  Insurance strategies that may help fund ownership transition obligations and support continuity when a partner or owner dies or becomes disabled, depending on the arrangement.

Roderick Johnson brings extensive experience in commercial finance, small-business services, and business insurance. Within Elite Physicians Wealth Planning, he helps physicians and practice owners evaluate commercial risk exposures and coordinates insurance solutions with the broader financial-planning relationship.

His role is particularly important for physician owners because decisions involving insurance, financing, practice ownership, business succession, and personal wealth are often interconnected. The objective is to help the physician see the entire financial picture rather than purchase business coverage in isolation.

• If the practice is forced to close temporarily, how long can it continue paying payroll and fixed expenses?
• Are cyber limits appropriate for the amount and sensitivity of patient and employee information maintained by the practice?
• Does the practice have insurance appropriate for its employees, vehicles, property, and contractual obligations?
• Would the business remain financially stable if a key physician died unexpectedly?
• Is there a funded plan for the death, disability, retirement, or departure of an owner?
• Have insurance limits kept pace with practice growth, equipment purchases, new locations, or increased payroll?
• Are the physician’s personal wealth plan and practice risk-management plan coordinated?