insurance for medical arts schools
Westwood will work with you to ensure your medical arts school clients have the best possible insurance coverage for every threat they could face.
General Liability Insurance
Professional Liability Insurance
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.
medical arts schools have special insurance requirements
Medical arts schools are a great choice for students who want to pursue a career in healthcare. These schools offer programs that teach students about the medical field, and they also provide hands-on training opportunities. Students who attend medical arts schools can learn about everything from anatomy to pharmacology. In addition, many medical arts schools offer clinical rotations, which give students the opportunity to work in a real hospital or clinic. By attending a medical arts school, students can be sure that they are getting the best education possible in the healthcare field.
Medical arts schools face a number of challenges. First, these schools are often competing with traditional medical schools for students. In addition, medical arts schools can be expensive to attend, and many students must take out loans in order to pay for tuition. Finally, medical arts schools sometimes have a difficult time finding jobs for their graduates. However, despite these challenges, medical arts schools continue to be a popular choice for students who want to pursue a career in healthcare.
Medical arts schools have specific insurance requirements that must be met in order for the school to be covered. These requirements vary from school to school, but most medical arts schools require proof of general liability insurance and professional liability insurance. In addition, many schools also require students to have health insurance coverage.
General liability is important because it protects the school from any injuries that might occur on campus. For example, if a student falls and breaks his ankle while walking on school property, the school would be covered by general liability insurance. Professional liability insurance is important because it protects the school from lawsuits filed by patients. For example, if a patient is injured during a medical procedure, the school would be covered by professional liability insurance.
Health insurance is important because it helps to protect students in the event that they are injured or become ill while attending school. In addition, health insurance can also help to pay for medical treatments that are not covered by other types of insurance.