Insurance for Health Care Professionals
Health Care Professionals Insurance Overview
Every healthcare professional faces specific risks and vulnerabilities. Whether you’ve started your practice or partnered with another professional, it is vital to protect your practice.
It is important to consider medical malpractice insurance and policies that cover fraud, crime, privacy and security liabilities, and data breaches.
What Health Care Professionals Insurance Covers
Health care professionals insurance protects health care professionals financially from the liabilities associated with their livelihood, which can include damages and legal fees due to negligence, injuries, fraud, crime, or data breaches, as well as property, disability, and employee actions.
Medical malpractice insurance is a crucial insurance policy for medical professionals. Malpractice is a medical error caused by negligence or a deviation from the standard of care for the medical procedure that results in injury or death to the patient. A malpractice insurance policy can protect you financially from legal claims that relate to malpractice, whether found to be valid claims or not. Your policy can cover your legal defense cost and any legal fees owed at the end of the lawsuit. You also have the option to include employee coverage in your malpractice policy.
Property insurance can insure the property, including your building, machinery, equipment, and data, in the case of specific perils, usually fire, theft, vandalism, and specific weather conditions.
Your medical practice will likely employ a staff. Employment Practices Liability insurance (EPLI) can help protect your practice if a current or former employee brings a legal claim against you.
A general liability insurance policy can help in the case of injury on the premises. Specific business insurance policies can help with the cost of running your business if damages or loss impair the company or cause a temporary break in the business.
It is essential to consider your options when building an insurance policy for your health care business. Those in health care face unique vulnerabilities, and your insurance policy can help cover your financial obligations if you encounter unexpected damage, loss, or liability.
We have helped healthcare professionals in the following fields secure coverage:
Drug and Rehabilitation Facilities
Home Health Care Professionals
How to Get Started
If you have questions about which insurance policies can benefit your health care practice, or if you’re ready to build a policy, contact an insurance professional at Fusco & Orsini. We want to help you find a policy that fits both your needs and your budget.