As the owner of a medical practice, healthcare office, or other medical office, you know the importance of adequate insurance. Your patients carry health coverage so they can receive the treatment they need without jeopardizing their personal finances.
But just as your patients invest in health insurance to help raft them through a major illness or dental problem, your medical office also deserves protection from costly risks. Without appropriate coverage, you leave your allied health practice vulnerable to liability suits, malpractice claims, and property loss.
Outfitting your health center with a robust risk management plan requires you to consider the worst-case scenarios — the situations that would devastate your business. Based on your line of work and the hazards your business may face, our licensed insurance agents recommend that allied health professionals cary.
As a doctor, you help diagnose and treat injuries or illnesses. By examining patients, assessing their medical histories, prescribing medications, and ordering and interpreting diagnostic tests, you help your patients manage or recover from their ailments. In turn, it’s your practice that makes healthier communities and families by giving your patients the tools they need to take charge of their health.
But running your private medical practice comes with the risk of lawsuits and property damage. As a medical professional, you are probably well aware of the devastating Malpractice suits that await a doctor who misdiagnoses a patient and worsens their condition. But what you may not be aware of is that not having the funds to cover a settlement or judgment doesn’t protect you. Courts can collect on your personal assets if you are guilty of wrongdoing.
The best thing you can do for your private practice? Invest in a business insurance plan that protects your personal and commercial assets. With the help of adequate policies, you will have the “deep pockets” you need to cover a claim without jeopardizing your practice or your bank account.