insurance for telemedicine providers

insurance is essential for telemedicine providers

Westwood will work with you to ensure your clients providing telemedicine have the best possible insurance coverage for every threat they could face in today’s challenging environment.

Quick Quote for Telemedicine Insurance


why do telemedicine providers need insurance?

Telemedicine, the practice of delivering healthcare services remotely via telecommunications technology, has grown significantly, offering convenience and expanding access to care. However, this mode of healthcare delivery presents unique challenges and legal risks, necessitating the need for malpractice or liability insurance for providers. Here’s where telemedicine providers are vulnerable to being sued for malpractice:

  1. Misdiagnosis or Delayed Diagnosis: The absence of physical exams and reliance on digital communication can increase the risk of misdiagnosis or delayed diagnosis. Limitations in assessing a patient’s condition through video or audio communication can lead to incorrect treatment decisions.
  2. Technical Issues and Data Breaches: Technical failures can disrupt the delivery of care, while data breaches can compromise patient confidentiality. Providers can be held liable for harm resulting from such incidents, including the unauthorized disclosure of sensitive patient information.
  3. Inadequate Patient Assessment: Telemedicine relies heavily on patient-reported information, which may not always be accurate or complete. Failure to obtain a comprehensive health history or to recognize the limitations of remote assessment can lead to inadequate treatment plans.
  4. Prescription Errors: Telemedicine providers may prescribe medications based on virtual consultations. Errors in prescribing, including medication type, dosage, or failure to consider drug interactions, can lead to adverse patient outcomes.
  5. Failure to Obtain Informed Consent: Providers must ensure that patients understand the nature, benefits, and risks of telemedicine, including limitations compared to in-person care. Failure to obtain informed consent can lead to claims if patients feel their care was compromised by the telemedicine format.
  6. Cross-border Licensing Issues: Telemedicine can involve providing care across state or national borders, where licensing requirements vary. Practicing without proper licensure in the patient’s location can result in legal action and penalties.
  7. Failure to Follow Up: Given the remote nature of telemedicine, there’s a risk of inadequate follow-up, especially if technical issues interfere with communication. Providers may be liable if a lack of follow-up leads to worsening of a patient’s condition.
  8. Documentation Challenges: Maintaining accurate and secure medical records is crucial in telemedicine. Inadequate documentation of virtual consultations, decisions made, and treatments prescribed can pose legal risks if the care provided is questioned.

Malpractice or liability insurance provides financial protection against claims of negligence or malpractice, covering legal defense costs, settlements, and judgments. For telemedicine providers, this insurance is essential for mitigating the financial and reputational risks associated with remote healthcare delivery.

Westwood insurance work with a number of insurance carriers to source the most suitable insurance coverage for you at the best price. Get a quick quote today.

 

what types of insurance do telemedicine providers need?

General Liability Insurance

General Liability Insurance

This is necessary for telemedicine providers with their own facilities. It  covers medical expenses and attorney fees resulting from bodily injuries and property damage your facility or organization could be legally responsible for.

Business owner's policy (BOP insurance)

Business owner's policy (BOP insurance)

A Business Owner’s Policy (BOP) is a comprehensive insurance package designed for Medical Professionals with small to medium-sized businesses, providing a blend of liability protection and property insurance.

Professional Liability Insurance

Professional Liability Insurance

Professional Liability Insurance overs any negligence or mistakes made by the individual medical professional during their practice. It differs from General Liability insurance, which covers the practice itself. 

Commercial Auto Insurance

Commercial Auto Insurance

This is relevant for telemedicine providers who use a vehicle for practice-related tasks. This insurance covers you against auto accidents, theft, and other vehicle-related incidents.

Workers Compensation Insurance

Workers Compensation Insurance

Workers Compensation Insurance is usually mandated by law, to protect telemedicine providers and their employees in case of work-related injuries or illnesses.

Cyber Liability Insurance

Cyber Liability Insurance

Covers you against financial losses associated with data breaches, cyber attacks, and other cyber incidents. Insurers will usually conduct rigorous testing of your online system to fix vulnerabilities as part of this policy.

Contact Michael Richards now

Michael Richards, President of Westwood Insurance Group

Michael specializes in insurance for telemedicine providers. You can call him or one of the team on the number below or fill out the form and he will get your message directly:

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 predatory lawyers and runaway jury verdicts

Cyber Liability Insurance

Protecting healthcare organizations & professionals against cyber attacks.

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