3 Major Types of Insurance Your Medical Practice Needs

3 Major Types of Insurance Your Medical Practice Needs

medical staffing liability insurance programs

medical staffing liability insurance programs

 

Medical offices face a different set of obstacles than a regular business when it comes to liability and loss. If you’re looking for medical staffing liability insurance programs for your office, there are a few different types that are necessary. Start with these three policies and expand from there.

Professional Liability

A professional liability policy covers you in the case of malpractice lawsuits. Choose the right policy for your practice that includes the costs of your legal defense and any settlements that might ensue. These costs can run you hundreds of thousands of dollars, so buying an insurance policy can really protect your bottom line.

Workers Compensation

Your medical staff works hard and can be injured doing so. Workers compensation is necessary to pay for employee medical care and lost wages when they’re hurt on the job, no matter who is at fault. Again, this could save you from expensive lawsuits and keep your business running smoothly.

Property Insurance

In addition to medical staffing liability insurance programs, you should have a policy in place to protect your business space and equipment. Property insurance will make sure you get money back in the instance that you’re vandalized or hit by a natural disaster. Just make sure you take out enough coverage to apply to equipment, supplies, furniture and structural damages.

If you’re looking for insurance for your medical practice, there are three base types you should consider first. After those are in place, you can add other useful policies as well.