As a healthcare provider, you’re exposed to an increasing level of daily risk and accountability. The technology and procedures that give you the edge in patient care have evolved, and so has the insurance coverage available to protect you, should the unthinkable happen.
Healthcare organizations and professionals we cater to include:
Whichever type of clinic you work out of, our expert brokers will be happy to assess your risks and find you the coverage tailored to the needs of your healthcare practice.
Standard Healthcare Professional Coverage Includes:
As a medical or healthcare provider, you’re exposed to a range of potential liability exposures that fall mostly into two categories: general liability, resulting from bodily injuries or property damage; and medical malpractice, which includes acts of negligence.
Commercial General Liability (CGL) provides coverage for bodily injury and property damage that might occur on your premises. In the event that you are found liable for an accident, such as a slip and fall in your clinic, your commercial general liability insurance would cover any legal fees and damages.
As a health professional, Medical Malpractice insurance, also known as Professional Liability, or Errors & Omissions in some industries, is the most crucial coverage on your insurance policy. If, for a example, a slip and fall on the stairs leading from your office occurred to a sedated patient who was not warned to delay her departure following a procedure, any claim would likely be excluded by your commercial general liability coverage.
Your role as a medical professional holds you to high standards of performance and accountability, and your coverage has to reflect your responsibilities should you need to defend yourself in the event of a medical malpractice lawsuit.
In the event of property damage or theft, the potential losses are high for any medical facility or clinic. You need coverage for your premises, your medical equipment, and even patient records.
The equipment that keeps your practice running day to day is essential to your business, and so is the coverage on your policy that protects it. Equipment Breakdown protects your business against power surges, short circuits, errors made by staff, and other sudden mechanical failure which can have devastating consequences to your computer systems, ventilation, boiler, heating, your lights, and the other equipment that keep your clinic open to patients.
More on Equipment Breakdown
Your clinic likely relies on computer systems to manage private patient information, and that data, as well as your computer network, is under an ever increasing, significant threat of cyber attack. Cyber liability insurance protects you from liability arising from data breach and other forms of cyber attacks.