More than ever before, medical providers need to be sure they have right business insurance. From the high cost of medical office equipment to compliance with HIPAA and other privacy laws, physicians, dentists, and chiropractors face a litany of serious exposures.
The business insurance team at Safeguard Insurance has been providing affordable medical office insurance since 1998. We understand the risks medical provider face and can carefully craft a business insurance policy that meets your needs. At a minimum, we recommend the following basic medical office insurance coverage:
- Business property for your building, tenant improvements, equipment, and furnishings.
- General liability for premises liability claims, such as a slip and fall in your office.
- Loss of business income, in the event a covered claim forces you to close for a period of time.
- Valuable papers and records coverage to help restore files and patient records after a claim.
- Accounts receivable coverage, in the event your records are destroyed in a fire or other loss.
- Workers compensation coverage for employee injuries that occur in the course and scope of employment.
In addition, medical offices need to carefully consider other types of insurance coverage that may prove invaluable in some claim situations:
- Data breach and cyber liability coverage, in the event patient records are stolen or accidentally disclosed.
- Employment practices liability to protect your business from claims related to harassment, discrimination, and other employee issues.
- Commercial auto insurance, including hired/non-owned liability if you own a vehicle or allow employees to run errands.
As with any business insurance program, you deserve an agent that understands your industry, knows the local insurance marketplace, and has access to the right insurance carriers. Safeguard Insurance has experienced agents and the right insurance carriers to provide your medical practices with the coverage you need, at price you can afford.
For all your medical office insurance needs, contact the team at Safeguard Insurance today!