insurance for ambulatory health care providers
Westwood will work with you to ensure your Ambulatory Health Care clients have adequate insurance coverage for every threat they could face.
assessing their needs
Ambulatory Health Care is a new medical sector that focuses on providing surgical and diagnostic services away from the hospital. Patients are treated at their homes or other locations, which reduces the need for long trips back to hospital after treatment. This new approach promotes continuity of care, more frequent treatments, and better patient follow-up.
While ambulatory health care is not expected to replace hospitals anytime soon, this alternative health model has helped reduce medical costs by reducing the need for expensive transportation. Ambulatory Health Care providers need to consider insurance coverage, the compensation system for providers, and reimbursement methods to help patients pay their bills.
Ambulatory Health Care providers need insurance for accidents or malpractice. It’s necessary for Ambulatory Health Care practitioners to find multiple types of insurance to cover any problems arising from their surgeries, diagnostic procedures, and other medical treatments.
what specific insurance do they need?
Commercial agents should source insurance policies that meet the unique needs of ambulatory healthcare providers. Ambulatory healthcare providers are medical facilities that offer outpatient care, including clinics, surgical centers, and diagnostic imaging centers. These facilities have specific insurance needs that differ from other types of healthcare providers. Here are some types of insurance policies that commercial agents should consider for ambulatory healthcare providers:
- Medical malpractice insurance: This policy can protect ambulatory healthcare providers against claims of negligence, errors, or omissions in their medical treatment of patients.
- General liability insurance: This policy can provide coverage for property damage, bodily injury, and other types of accidents or incidents that may occur on the center’s premises.
- Cyber liability insurance: This policy can protect the facility against data breaches and cyber attacks, which are increasingly common in the healthcare industry.
- Business interruption insurance: This policy can provide coverage in case of unexpected events, such as natural disasters or power outages, that may disrupt the center’s operations.
- Property insurance: This policy can protect the facility’s property, equipment, and supplies against damage or loss.
- Workers’ compensation insurance: This policy can protect the facility’s employees in case of on-the-job injuries or illnesses.
- Employment practices liability insurance: This policy can protect the facility against claims of discrimination, harassment, or wrongful termination by employees.
- Directors and officers liability insurance: This policy can protect the facility’s directors and officers against legal claims arising from their actions or decisions on behalf of the facility.
Overall, commercial insurance agents should work closely with ambulatory healthcare providers to understand their specific needs and provide customized insurance solutions that address their unique risks and exposures.
advice for commercial agents approaching ambulatory healthcare providers
Approaching ambulatory healthcare providers as a commercial insurance agent requires a deep understanding of the unique risks and challenges that these facilities face. Ambulatory healthcare providers offer outpatient care, including clinics, surgical centers, and diagnostic imaging centers, and as such, have specific insurance needs that differ from other types of healthcare facilities. When approaching ambulatory healthcare providers, it is important to have a thorough understanding of the types of insurance policies they may need, as well as any gaps or areas where they may need additional coverage.
One key piece of advice for commercial insurance agents approaching ambulatory healthcare providers is to focus on building strong relationships with these organizations. Ambulatory healthcare providers often operate in a fast-paced, high-stress environment, and the same holds true for their insurance providers. By taking the time to understand the specific needs and challenges of each facility, insurance agents can build trust and credibility with these organizations and become a valued partner in their risk management efforts.
Another important piece of advice is to provide customized insurance solutions that address the unique risks and exposures of ambulatory healthcare providers. These facilities often face complex liability and professional risks, such as claims of medical malpractice or data breaches, and may require specialized insurance policies to address these risks. By tailoring insurance solutions to the specific needs of each facility, insurance agents can provide them with the protection they need to continue providing quality healthcare services to their patients.
Overall, approaching ambulatory healthcare providers as a commercial insurance agent requires a deep understanding of their unique needs and challenges. By building relationships, providing customized insurance solutions, and becoming a trusted partner in their risk management efforts, insurance agents can help ambulatory healthcare providers to continue providing essential healthcare services to their communities.
Contact Michael Richards now
Michael specializes in insurance for this particular group. You can call him on the number below or fill out the form and he will get your message directly:
ambulatory health care providers require special coverage
General Liability Insurance
General Liability insurance cover medical expenses and attorney fees which result from bodily injuries and property damage that your company or organization could be legally responsible for.
Professional Liability Insurance
Professional liability insurance, also known as errors and omissions insurance (E&O) and medical malpractice insurance, protects your business against claims of negligence, malpractice, errors, and omissions which may have occurred during the fulfillment of a professional service.
Telemedicine Malpractice Insurance
telemedicine malpractice insurance—also known as digital health insurance or eHealth insurance—has become increasingly vital for healthcare providers. to protect them against claims of negligence, malpractice, errors, and omissions which may be the result of the limitations of webcam quality or the inability of a patient to properly photograph a condition. It can also cover cyber liability, such as remote controlled medical devices being hacked.
Directors and Officers Liability (D&O) insurance
D&O insurance (Directors and officers liability insurance), shields the personal assets of company directors and officers, and where necessary, their spouses, from claims which could arise as a result of the decisions they made and actions they took within the scope of their regular duties.
Cyber liability insurance
Cyber liability insurance covers the financial costs associated with a breach of your cyber security, such as a ransomware attack. It also covers first party costs including event management, data restoration, financial costs to third parties, network interruption, and cyber extortion.
HNO Insurance
HNOA, (hired non-owned auto insurance) is designed for organizations who regularly hire vehicles or require employees to use their own vehicles in the course of their work. In the case of an accident where your employee was liable, it could cover physical damage to that other person’s vehicle, medical expenses, the cost of hiring an attorney to defend your business.
Workers’ Comp. Insurance
Workers’ compensation insurance covers your employees for workplace injuries or illness. It provides them with medical and wage benefits.
This coverage is mandated by each state, with the wage and medical benefits varying from state to state. Workers compensation also protects business owners from civil suits by workers who become injured on the job.
Employment Practices Liability
Employment practices liability insurance (EPL insurance or EPLI), covers employers (PDF) against claims made by employees for:
- Discrimination (based on sex, race, age or disability, for example)
- Wrongful termination
- Harassment
- Failure to promote and other employment-related issues
Sexual Abuse & Molestation (SAM)
Sexual Abuse and Molestation Insurance provides coverage for organizations against claims arising from alleged sexual misconduct or molestation by an employee or other representative of the organization.
Environmental Liability insurance
Environmental Liability insurance is liability insurance specifically designed to protect environmental liabilities. This is a specialized form of general, commercial liability insurance that provides financial protection against litigation and clean-up costs resulting from claims of injury or damage caused by pollution, contamination or hazardous waste disposals.
Commercial Property Insurance
Commercial property insurance is a fundamental component of risk management for healthcare and senior living providers. It is designed to protect the organization’s physical assets, such as buildings, medical equipment, furniture, and supplies, from financial losses due to damage or theft.
Crime Insurance
Crime Insurance covers the insured party a reimbursement if their property is damaged due to a crime. Crime Insurance usually has a huge range of options and comes in different forms. It can be either a rider that can be attached to the existing insurance policy, or it is available as a completely separate product.
Commercial Auto Insurance
Commercial auto insurance is a crucial aspect of risk management for healthcare and senior living providers. It offers vital financial protection against vehicle-related incidents and is often required by law.
Fully/Partially Funded insurance
Partially Funded insurance gives facilities the opportunity to pay a set premium for, and then in turn is partially covered for specific risks.
Fully Funded Insurance allows facilities to pay premiums to have coverage against all risks. In return, if they are unfortunate enough to incur any of the covered loss or injury, they are reimbursed their insurance policy amount.
Excess and umbrella coverage
Excess coverage provides an additional layer of protection over and above what an underlying policy provides. It applies to a single policy only.
An umbrella policy on the other hand, provides additional liability coverage over and above what is provided by a number of underlying policies.
we've got you covered
General Liability Insurance
Protecting healthcare organizations against increasingly crippling litigation.
Professional Liability Insurance
Protecting medical professionals against increasingly crippling litigation.
Medical Malpractice Insurance
Protecting medical professionals against increasingly crippling litigation.
Cyber Liability Insurance
Protecting healthcare organizations & professionals against cyber attacks.
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855.351.7487
