# Wellness plan versus pet insurance

A term used when buying veterinary practice.

The line between prepaying care you scheduled and insuring against care nobody scheduled.

Nebraska's Pet Insurance Act writes the test out: a plan that undertakes to indemnify, pays a set amount on a contingency, or covers a fortuitous event is transacting insurance and needs a license. The shelter for an ordinary clinic plan is narrow. It covers a contract directly between the practice and the owner for services the practice performs itself. Two things sellers add will break it, because plans sell better with them: a benefit that pays out on an accident or an illness, and a third party administering or underwriting. Read the plan contract and the benefit schedule before pricing enrolled clients as [recurring revenue](https://searchspheresource.com/glossary/mrr), because unlicensed insurance is what a buyer would inherit with the client list.

Part of: Buying a Veterinary Practice (https://searchspheresource.com/guides/buying-a-veterinary-practice)

Source: https://searchspheresource.com/guides/buying-a-veterinary-practice/terms/wellness-plan-versus-pet-insurance
Not dated: The same editorial definitions as the glossary, inside a trade.

Site index for machines: https://searchspheresource.com/llms.txt