insurance for emergency medical centers
Westwood will work with you to ensure your Emergency medical center clients have adequate coverage for every threat they could face.
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), protects your business against claims of negligence, malpractice, errors, and omissions which may have occurred during the fulfillment of a professional service.
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 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.
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
- Failure to promote and other employment-related issues
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.
Property Insurance covers unexpected damage or loss to property. The policy can be purchased to cover both structures and contents, which are separate policies in many cases. Property Insurance covers physical structures, not land. Medical facilities and aged care facilities need property insurance to cover the real property and all fixed items such as furniture, medical equipment, art works and tapestries.
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.
Auto insurance is a type of liability insurance coverage, usually mandated by law, for all mechanically propelled vehicles. It provides protection against losses resulting from traffic accidents and against liability that could also arise therefrom. A medical or aged care facility would typically have auto insurance on their fleet of vehicles as well as for any vehicles transporting patients to and from the facility.
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.
emergency medical centers
require special coverage
The Emergency Medical Center is a facility that provides medical, surgical and psychiatric services to the community for all ages within its geographic area. The term is not used in all states but in many states it designates a facility staffed by emergency medical personnel. These facilities receive emergency patients not only from local jurisdictions but also from many other places, including state, federal and private institutions.
The Emergency Medical Center encompasses the entire spectrum of emergency medical services for which a facility is responsible. It provides emergency care to any patient 24 hours a day, seven days a week. Emergency care includes initial assessment, emergency medical treatment and transport of patients to specialty centers or hospitals where more advanced treatment may be available. The Emergency Medical Center may provide temporary housing if necessary.
Emergency Medical Centers require special insurance to cover a wide variety of patients and services. They also require a doctor on staff at all times to oversee the medical aspects of the facility. The doctor is usually on call for 24 hours a day, seven days a week. Because Emergency Medical Centers are necessarily located in heavily populated areas, most have registered nurses on duty at all times as well as paramedics and other medical personnel.
Emergency Medical Centers can face malpractice suits from patients who were not properly attended to. In one case, a patient arrived at an Emergency Medical Center after a physician refused to administer drugs that had been prescribed for him by his family physician. The drug was used to control the patient’s paranoid schizophrenia. The Emergency Medical Center personnel refused to administer the drug because they believed it would be inappropriate. When the drug was discontinued, violent behavior started again and he was subsequently found dead of a heroin overdose two days later. To protect against this, the Emergency Medical Center had a policy of not administering drugs to any patient unless the patient’s physician specifically instructed it.