Protecting your medical office
While healthcare businesses are subject to the same types of risk of most businesses, such as property damage and employee injury, they face unique challenges. Though we all depend on health workers, lawsuits claiming malpractice and mistakes are on the rise. There is also the risk associated with holding sensitive customer information.
Medical and dental offices should consider several types of insurance. If you have employees, and to comply with state laws, you need Workers Compensation insurance. You need protection for your space (whether leased or owned) and your property. General Liability covers your legal costs should an injured customer sue your practice, and an Umbrella policy will protect you when you need more insurance than offered on your standard policy. Professional Liability (with coverage like medical or dental malpractice) can cover your legal costs should a customer sue you for mistakes in the care you provided.
Need more information? Speak with one of our insurance experts to find the right coverage for your business.
The policies you need
Consider a Business Owner's Policy
A Business Owner’s Policy (BOP) is a packaged insurance policy that contains all of the essentials most healthcare businesses need. A BOP combines the two primary commercial coverage types – General Liability and Property Insurance – into one, affordable policy. This packaged policy covers the widest range of risks that the average business owner faces: protection from lawsuits, damage to their business space and property loss.
There are also many add-ons that can be included in a Business Owner’s Policy to protect the unique needs and risks inherent in a medical business. For example, Professional Liability, which could include malpractice insurance for doctors, dental malpractice insurance, pharmacist liability insurance, or other coverages can be added to a BOP.