Business Risk Management
Business Risk Management
Greenbook can help doctors implement business risk management initiatives that put non-performing practice assets to work inside creditor-exempt classes, thereby shielding them from liability judgments while simultaneously earning incremental income. These programs also try to assist doctors in providing liquidity for retirement and seek to insure them, their practices and their families against unexpected events.
By reducing a doctor’s vulnerable assets — those not protected in creditor-exempt classes — this program seeks to discourage plaintiffs from filing frivolous lawsuits and encourage settlement discussions. Doctors who implement this entity risk management initiative may also benefit from the ability to reduce or eliminate expenses typically associated with traditional liability and medical malpractice insurance policies. In addition, family members will enjoy heightened security for their financial futures due to the substantial death benefit payouts that can be generated through the program's life insurance policy.
Greenbook believes doctors have committed too much time, energy and passion to their education and careers to unnecessarily expose themselves to creditors. That's why no financial plan should be considered complete without a healthy dose of asset protection.