---
title: 5 Insurance Mistakes for Practice Owners to Avoid | SDT
description: Having a plan in place to adequately cover your practice against liabilities is crucial for the worst-case scenario we all hope we never have to encounter.
---

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# CHECKLIST: 5 Insurance Mistakes for Practice Owners to Avoid

## Prepare your practice by understanding the common mistakes surrounding insurance for practices and their owners.

## Don’t make the mistake of not protecting yourself and your practice.

Having a plan set in place to adequately cover your practice against liabilities is crucial for the worst-case scenario that we all hope we never have to encounter. Insurance can be misleading and hard to grasp, so we’ve made a checklist of things you should consider when purchasing your insurance. 

In this checklist, you will receive information about:

- Personal disability vs. business overhead expense insurance
- Planning for interruptions
- Insurance payment premiums
- Unfunded buy-sell agreements
- Proper valuation formulas for buy-sell agreements

### Get Your Checklist:

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Securities, investment advisory and financial planning services offered through qualified Registered Representatives of MML Investors Services, LLC. Member SIPC. Supervisory office: 4350 Congress Street, Suite 300, Charlotte, NC 28209, (704) 557-9600. Spaugh Dameron Tenny is not a subsidiary or affiliate of MML Investors Services, LLC or its affiliated companies.

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