Insurance for Diagnostic Imaging Centers
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What Insurance Do Diagnostic Imaging Centers Need?
Commercial Auto Insurance covers your cars, trucks, and vans used in your business. It covers the costs from vehicle damage in collisions, theft, vandalism and weather damage. It also covers medical expenses for to injured parties.
Workers Compensation covers your employees' medical costs and lost wages while recovering from a work-related injury or illness. The employee gives up the right to sue your company in return for receiving cash and benefits from Workers Compensation. In some states it’s mandatory for businesses!
General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
Medical malpractice insurance is a type of professional liability insurance that protects healthcare professionals from claims of medical negligence or malpractice that results in injury or death. It covers your defense and any settlement costs.
Frequently Asked Questions
Why does my Diagnostic Imaging Center need insurance?
Businesses in this industry are involved in image production of the patients that were referred to them by health practitioners. Examples of these establishments include computed tomography (CT-scan) centers, medical radiological laboratories, dental or medical X-ray laboratories, ultrasound imaging centers, and magnetic resonance imaging (MRI) centers.
Your diagnostic imaging center needs insurance to protect your business from the many risks that your business can face. Without insurance, you’ll have to pay for the expenses like medical costs, property damage, lawsuits, and court fees.
What risks do Diagnostic Imaging Centers face?
Starting a diagnostic imaging center comes with inherent risks. Without proper risk management, your business can suffer huge financial losses. Here are some of the risks diagnostic imaging centers face:
- Your property is at risk of getting burned, flooded or destroyed via natural disasters.
- Your employees could become sick or injured on the job. You’ll be responsible for the medical and rehabilitation expenses that result.
- A customer could get injured from slipping on your property. You’ll not only be responsible for medical fees, but also for defense and court fees should the customer sue your business.
How much does insurance cost for Diagnostic Imaging Centers?
The cost of your insurance policy depends on the services you offer, the number of employees you have, the size of your property, coverage your business needs and many other factors. Without putting into account these criteria, here’s the average cost of some of the common insurance policies for your business:
- General Liability insurance costs about $400 annually.
- Business Owners Policy (BOP) costs about $900 annually.
- Commercial Property insurance is about $500 annually.
To find out the cost of your insurance, apply online to get a quote or call our customer service representatives.