Medical offices treat patients in a variety of areas, such as dentistry, optometry, gynecology or cardiology. Medical offices are smaller than hospitals and do not offer emergency or surgical services. Medical offices are exposed to a number of risks that affect the business, the patients and the employees. We offer protection with custom-tailored Medical Office Insurance, including General Liability, Professional Liability, Property, Crime, Business Auto, and more.
This policy offers medical offices protection for a variety of exposures. Accidents are unpredictable and can happen anytime to anyone. Slip-and-fall injuries are the most frequently occurring, but there is no end to the possibilities of a patient, delivery person, pharmaceutical rep or other visitor suffering an unanticipated injury. Breach of patient information is a much bigger risk since HIPPAA laws were enacted. The unauthorized release of confidential information can result in identify theft and other types of personal injuries to patients. General liability also covers damage to property of others, such as a patient’s belonging being stolen. Advertising injury through copyright infringement, libel, or slander in your marketing efforts is also covered under a General Liability policy.
Mistakes made by physicians and other medical professionals in medical offices could result in serious lawsuits as their work involves the medical care of patients. In the worst-case scenarios, serious injuries, medical problems or death could result from mistakes made by medical professionals. Professional Liability insurance, also known as Errors & Omissions, ensures that the losses resulting from errors made by you and your employees are covered.
Employees need protection from injuries while on the job. Accidents happen: trip-and-fall injuries, repetitive motion injuries, and accidental needle sticks are only a few examples. Worker’s Comp covers the cost of medical examinations, treatments, diagnosis, lab work, and physical therapy. It even covers lost wages if the injury is serious enough to keep the employee from work.
While your medical staff may not make house calls, there are instances where you or your employees need to run business errands, such as picking up office supplies or mail. A Business Auto policy covers owned, non-owned, and hired autos. A Business Auto policy covers both bodily injury and property damage in the event of an accident. We also offer optional coverage for theft and vandalism.
Your business property, equipment and data are the most significant components of the day-to-day operation of your medical office. Unfortunately, unexpected events such as a natural disaster, extreme weather, fire or theft can cause serious disruptions. And theft of the drugs kept on hand is a major concern. If something along these lines occurs, Property Insurance ensures that repairs can be made and missing or damaged equipment/supplies can be replaced, reducing the loss of your business assets.
Like all businesses, a medical office is always at risk for employee-related crimes. Embezzlement and theft of petty cash, drugs or supplies are not uncommon. Dishonest employees all too often find ways to get what they want despite your best prevention efforts, of surveillance cameras and background checks. Crime insurance covers you financial losses resulting from these types of crime.