Health Care Professionals Insurance Overview
Every healthcare professional faces specific risks and vulnerabilities. Whether you’ve started your own practice, or you have partnered with another professional, it is important to protect your practice.
It is important to consider medical malpractice insurance, as well as policies that cover fraud, crime, privacy and security liabilities and data breaches.
What Health Care Professionals Insurance Covers
Health care professionals insurance is intended to protect 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 key 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 they are found to be valid claims or not. Your policy can cover the cost of your legal defense 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 property including your building, machinery, equipment, and data in the case of certain perils, usually fire, theft, vandalism, and specific weather conditions.
It is likely that your medical practice will employ a staff. Employment Practices Liability insurance (EPLI) can help protect your practice in the case that a current or former employee brings a legal claim against you.
A general liability insurance policy can help in the case that someone is injured on the premises. Specific business insurance policies can help with the cost of running your business in the case that damages or loss impair the business or cause a temporary break in business.
It is important 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 in the case that you face unexpected damage, loss, or liability.
We have helped healthcare professionals in the following fields secure coverage:
- Drug and Rehabilitation Facilities
- Home Health Care Professionals
- Physical Therapists
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.