medical personnel services insurance
Westwood will work with you to ensure your medical personnel services provider clients have adequate insurance coverage for every threat they could face.
General Liability Insurance
Professional Liability Insurance
Directors and Officers Liability (D&O) 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.
Workers’ Comp. Insurance
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
- 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.
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
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
An umbrella policy on the other hand, provides additional liability coverage over and above what is provided by a number of underlying policies.
medical personnel services providers need insurance
Medical personnel services providers need insurance to help them with the many challenges they face in their work. One of the biggest challenges is ensuring that they have the resources they need to provide quality care to their patients. This includes having access to the latest medical technology and equipment, as well as having a sufficient number of staff members to provide care.
Another challenge faced by medical personnel services providers is ensuring that they provide quality care in a cost-effective way. This can be difficult, especially in today’s healthcare landscape where costs are constantly increasing. Finally, medical personnel services providers must also deal with ever-changing regulations and standards. Meeting these requirements can be difficult, but it is essential to providing quality care to patients.
There are several types of insurance that medical personnel services providers need. The first is general liability insurance. This insurance protects providers in case someone is injured or dies as a result of their services. Providers can also purchase malpractice insurance, which covers the cost of any lawsuits that may be filed against them.
Individual employees should be covered by professional liability and workers compensation insurance. If the company may also wish to take out employment practices liability insurance. This insurance will protect the company if an employee sues them for wrongful termination, sexual harassment, or discrimination.
Medical personnel services providers should also have property insurance to protect their equipment and office space in case of a fire or burglary. Finally, providers should consider health insurance for themselves and their employees. This will help protect them in case of an unexpected illness or injury.