A Business Owner’s Policy (BOP) combines common business coverages (General Liability and Property Insurance) into one convenient policy. BOPs can be a great fit for many healthcare practices and provide flexibility with optional coverages to fit your practice’s unique requirements.
Insurance for Healthcare Professionals
Running your own healthcare practice comes with a variety of risks, some are similar to other public facing businesses and others unique to your profession. Malpractice claims and patient lawsuits can be costly and time consuming, medical equipment is expensive and may be difficult to replace and handling sensitive data is just part of daily operations. It’s important to develop a risk management strategy that includes operational hygiene and risk transfer through tailored insurance for healthcare professionals
Key Coverages for Healthcare Professionals
Technology brings incredible capabilities to our fingertips. Unfortunately, it also brings additional risk. Healthcare environments handle sensitive patient data every day and are subject to lengthy regulation on how that data is handled, stored and communicated. Even a simple oversight can result in costly mitigation requirements. Cyber Liability coverage is designed to provide access to the experts and cover the costs associated to resolve issues.
Also referred to as commercial auto, business auto can be very straightforward (insuring vehicles your company owns) but also confusing (i.e. using personal vehicles for business). While many of the coverages are similar to that on a personal auto policy, the limits and conditions can be very different and may vary based on the use of the vehicle.