What type(s) of insurance do you need?
Generally speaking, most healthcare related businesses can often bundle other coverages to create a more comprehensive commercial package.
This serves two purposes. It expands the policy to cover risks that small business owners face, and also typically results in a discount on the cost of your insurance.
A small business is basically defined as a business that has up to 100 employees and generates about $5 million or less in annual revenues. We have packages for larger revenue businesses as well!
Some of the recommended coverage include, but are not limited to:
Find out more about these coverages and more on our blog post HERE
- General liability
- Property Insurance
- Business Income/Interruption Insurance
- Employment Practices Liability Insurance (EPLI)
- Professional liability
- Commercial auto
- Directors and officers liability
- Workers’ compensation
- Cyber liability
There are many components to each of these coverages that either expand or restrict coverage. It’s crucial to collaborate with a trusted insurance partner familiar with the healthcare industry due to the sector’s unique risks and regulatory complexities. Such a partner understands the specific insurance needs and challenges healthcare businesses face, ensuring tailored coverage that adequately protects against liabilities, compliance issues, and evolving threats. This expertise helps mitigate potential gaps in coverage, provides guidance on risk management strategies, and offers responsive support during critical situations, ultimately safeguarding the financial stability and reputation of the healthcare organization.
