Executive Plans

Individual Plans

Workers Comp

Personal Lines

Commercial Lines

Group Benefits

Resources

43 © 2007-2016 All rights reserved. Made by Group Coverage, Inc., 55 W. Ames Ct., Ste. 400, Plainview, NY 11803 Privacy Policy  | Terms & Conditions | Directions | Site Map

Programs

Insurance & Employee Benefits

877-GROUP-11 or 516-576-0007


Share on Facebook Share on Twitter Share via e-mail Print Share on Delicious Share on Digg Share on Google Bookmarks Share on LiveJournal Share on Newsvine Share on Reddit Share on Stumble Upon Share on LinkedIn Share on Tumblr

What types of coverage are important to consider?


Medical Malpractice


Professional Liability


Loss of Business Income


Employer Practices Liability  


Valuable Papers & Records


Electronic Data Processing


Cyber Liability


Hired & Non-Owned Auto Liability


Commercial Crime


Key Person for Professionals     


Improvements & Betterments                       

Medical Supplies


Important Considerations in Choosing an Agent to Service Your Medical or Physician’s Office



Knowledge of the Industry


Experienced Staff


Fast Certificate Processing


Claims Representation


Billing & Finance Options


Support Backup


Access to Multiple Markets

When Insuring a medical office, it’s necessary to consider the inherent exposures. Before analyzing which risks need to be addressed, a certain amount of fact finding needs be completed.  


First, what kind of medical office or facility are we examining?  Does the practice serve strictly to elders or does it accept all the members in the family? How are the facilities set up to accommodate either the seniors or young children?  Are there ramps and handrails installed?  Small objects that children can choke on?  Is there a defibrillator on premises?   


Second, how does the office store it’s patient records?  Is the information uploaded to secure server that held on site or is the information uploaded periodically via the Internet?  If hard copies are kept, how are the files protected?  Against theft?  Against fire?  Are backups made periodically?  Kept offsite?  


Third, how does the practice hire it’s applicants?  Are background checks done to verify past employment? Does the office comply with the latest Patriot Act requirements?  What procedures are in force with regard to employee complaints? Do the benefit plans conform to the new non-discrimination laws?   


As you can see above, these questions are just a few that many insurance agents and office managers may overlook.  When we work with our clients or insurance professionals, we use the enterprise approach.  We incorporate various risk management techniques that enable us to focus on what exposures can potentially cause the greatest risk to an organization and how we can protect the organization to deal with it.  


Can the risks be transferred?  For the employees that are transient, is it cost effective leasing temporary labor rather than to deal with the latest regulatory requirements?


Regarding the storage of patient data; what procedures can be implement to minimize or prevent HIPAA violations?  Would it be more practical investing in a new computer and data system that has the capability to encrypt all the patient files and hold it on a secure server or should coverage be obtained by an insurance policy that protects against breach of patient privacy?   How about both?  


It is important to work with professionals that have an understanding of the business and are also able to to examine exposures from all angles.  Using the team approach, it becomes easier to create a plan that can fill as many voids in coverage possible. Combining these techniques provides a basis for effective risk management and loss control.   


By William F. Schaake, CIC, CRM 12/18/2010

Medical & Doctor’s Office Insurance Information

Key Words  

Physician, Doctor, Dentist, Therapist, Chiropractor, Specialist, General Practitioner, Internist, Gynecologist, Provider, Facility, Practice, Hospital, Nursing Home

Request More Info

Type of Service

Hold “Ctrl” to Select Multiple Options

Resources:

Commercial Property

Workers Comp & DBL

Unemployment Insurance

Loss of Business Income

Personal & Advertising

Settlement Options