While healthcare businesses are subject to the same types of risk of most businesses, such as property damage and employee injury, they also 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’ comp 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.