Healthcare businesses have a set of unique concerns. Whether you are a hospital, nursing home, or even a specialty medical practice, having the right coverages to protect your operations, and by extension, the people you care for is essential. Healthcare businesses must consider protecting expensive equipment, acts, errors, and omissions of physicians and surgeons, and keeping patient records secure. Understanding these exposures, Hickok & Boardman can design an insurance and risk management program to protect your business’s assets.
Key Available Coverages
Property: protects your facility’s buildings, medical equipment, and resident’s personal property.
General Liability: covers third-party bodily injury and property damage related to premises and operations exposures
Professional Liability/Medical Malpractice: covers the acts, errors, and omissions of your medical providers
Physical and Sexual Abuse: protects against losses related to lawsuits arising from claims of physical and/or sexual abuse. This abuse can include molestation, inappropriate touching, and more.
Automobile: protects you and your employees while operating owned, non-owned or rented vehicles for business purposes. This also includes patient transportation coverage.
Workers’ Compensation: covers costs associated with work-related injury or illness
Excess Liability/Umbrella: a policy designed to provide protection against catastrophic losses. It is generally written over various primary liability policies, such as the general liability, professional liability, auto liability, and employers liability coverage.
Cyber Liability: covers your business’ liability for a data breach involving sensitive customer information, such as social security numbers, credit card numbers, account numbers, and health records
Management Liability: covers exposures faced by directors, officers, managers, and business entities that arise from governance, finance, benefits, and management activities
Site Pollution Liability: provides environmental damage, property damage & bodily injury coverage for pollution incidents located on, under or migrating from property you own, operate, lease, or manage