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Essential coverages for health practitioners
When you also have equipment or operate from a practice
All Basic plan benefits and:
Get covered against errors resulting in bodily injury
All Standard plan benefits and:
In all health practices there is a risk of providing improper advice or care to a patient, followed by possibly expensive lawsuits. Coverage over your medical practice pays all legal costs, while other property and other policies can keep your office and staff working consistently even in event of a damaging issue.
General Liability is a standard insurance policy that is designed to protect against liability claims and property damage that happens on your property or while performing your practice. The insurance will also cover medical payments, damages to premises rented to you, advertising injury and any other related incidents that are within the scope of your insurance policy.
Health practitioners travel to and from their work or visit clients for business purposes. Even if you use your personal vehicle to perform these tasks, you'll need Commercial Auto insurance as it has much higher coverage and limits compared to your personal auto insurance. The insurance will cover your employees, the equipment, and your business assets in the event of a lawsuit.
Medical and health practitioners can catch illness from patients or work-related injuries. Workers' Compensation is state-mandated insurance that provides medical and rehabilitation benefits to workers who got sick or injured on the job. It also pays lost wages when they can't work while recovering.
Medical Malpractice insurance for healthcare providers is a type of Professional Liability insurance that protects healthcare providers from the liability associated with wrongful practices resulting in physical injury, medical expenses, and property damage. It also covers the cost of defending lawsuits that are related to such claims.
This type of insurance offers coverage for loss due to the mechanical or electrical breakdown of any equipment. The insurance will cover the cost to repair or replace the equipment and any property that was damaged during the equipment breakdown. It can also cover the recurring expenses (employee wages and electrical bills) until the equipment is fully functional.
Yes, your employer already has an insurance policy in place, but this may not be enough. Moreover, when you became liable and are sued the employer's insurance will not work in your best interest. Also, there may be gaps in your employer's insurance policy that don´t cover all the risks. For instance, when you receive a lawsuit outside the scope of your job description, your employer can choose not to defend you.
Depending on the type of healthcare you provide, you can face various malpractice risks. Lawsuits for ineffective treatment, misdiagnosis or wrongful death which can be devastating to your finances. Your patients, the deliverymen or a visitor entering your premises can sue you for slip and fall injuries. Your staff can be injured or ill from repetitive strain injury, catching patient's illness or many other instances.
A medical malpractice suit can be devastating to a healthcare provider. Some medical practitioners chose to move to a different field to deal with the experience and some choose to retire as a malpractice suit could ruin their career. Stress, anxiety, fear and guilt are faced by a healthcare provider during and after the lawsuit along with the costs of defending such a lawsuit can drain their financial resources.
Health practitioners are dentists, clinical psychologist, podiatrist, chiropractor, nurse practitioner, midwife or any clinical social worker who is authorized by the state to perform within the scope of their practice as defined by the state law.
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