For more information or to get a quote contact us today



email: [dtBlogPostSidebarAuthorEmail]

Your Life Preserver

When phrases like “umbrella insurance,” “gap coverage” and “additional liability insurance” get thrown about by legal professionals, it’s easy to feel buried beneath the flood of jargon. But guess what?! I’m here to throw you a life preserver, and pull you out of the waters of legalese.

And speaking of life preservers, there’s a big one out there, and it’s being offered to medical and other professionals by XINSURANCE. It’s called Asset Protection.

Jacob Stein, a University of Southern California attorney who specializes in teaching asset protection, writes about the necessity for orthodontists, doctors, attorneys, real estate agents and other professionals, calls asset protection “a set of legal techniques and a body of statutory and common law dealing with protecting assets of individuals and business entities from civil money judgments. The goal of all asset protection planning is to insulate assets from claims of creditors without concealment or tax evasion.”

So, in normal people language, asset protection is like a veil around your assets. Or, even easier to understand, it’s like a moat. With a fence around that moat. And a Doberman Pinscher. A Doberman with a black belt.

As professionals know, lawsuits are an unfortunate and unavoidable occurrence. According to

  • 85,000 medical malpractice lawsuits are filed each year in the United States.
  • Every dentist can expect at least one malpractice lawsuit during his or her career.
  • One out of every two attorneys will have a malpractice claim against them in their career.

So lawsuits happen, and that’s where things like malpractice insurance come in handy. But asset protection does it one better. It puts that moat/fence/Doberman with a black belt around the personal assets of the client, thus ensuring that, even under the threat of a lawsuit, assets like property, real estate, securities and other investments are kept safe from lawsuits.

For doctors, dentists and other medical or legal professionals, a Personal Asset Protection Plan begun with XINSURANCE will replace up to 90% of the loss in value of the assets to the named beneficiaries. If you’re interested in asking an XINSURANCE agent about asset protection, call 877-585-2853 to talk to a customer service representative, or e-mail them at