As the coronavirus pandemic continues, your practice is losing revenue and incurring additional expenses as a result of the disruption. Even if you receive a Paycheck Protection Program (PPP) loan, which can be forgiven under certain circumstances, that loan amount will not make your practice whole.

A PPP loan covers only certain expenses (payroll, rent, interest, and utilities) and applies only for a limited time (8 weeks after funding). Thus, your practice will still suffer losses from expenses not covered, expenses that are covered but outside the 8-week window, as well as the lost patient revenue during the period your office is only open for emergencies.

Can your business interruption insurance coverage help reimburse your losses?