insurance for medical diagnostics services

insurance for medical diagnostic services

Westwood will work with you to ensure your medical diagnostic services business has the best insurance coverage for every threat you could face.

Get a Quick Quote on Liability Insurance

why do medical diagnostic services need insurance?

Medical diagnostic services face unique challenges that necessitate the need for malpractice or liability insurance. Here are key areas where medical diagnostic services are vulnerable to being sued for malpractice:

  1. Diagnostic Errors: Perhaps the most significant risk involves errors in interpreting test results. Misdiagnosis or delayed diagnosis due to incorrect interpretation can lead to inappropriate treatment, unnecessary procedures, or failure to treat a condition, potentially causing harm to patients.
  2. Technical and Equipment Failures: Faulty equipment or technical issues can lead to inaccurate test results. Diagnostic services rely heavily on the proper functioning of complex machinery; malfunctions can result in false positives or negatives, impacting patient care decisions.
  3. Improper Test Processing: Errors in the handling, processing, or labeling of specimens can compromise test results. This includes mix-ups in patient samples, contamination, or failure to follow proper protocols, leading to incorrect diagnoses or the need for retesting.
  4. Failure to Communicate Results Timely: Delayed reporting of critical test results to healthcare providers can delay necessary treatments, potentially worsening a patient’s condition. Diagnostic services are responsible for ensuring timely and accurate communication of test outcomes.
  5. Inadequate Patient Preparation and Instruction: Patients must often follow specific instructions before undergoing certain diagnostic tests (e.g., fasting). Failure to provide clear instructions, or providing incorrect instructions, can lead to inaccurate test results or the need for repeat testing.
  6. Failure to Follow Up on Abnormal Results: Diagnostic services may have protocols for flagging and following up on abnormal test results. Failure to do so can lead to claims if significant conditions are overlooked.
  7. Breach of Confidentiality: The handling of sensitive patient information is a critical responsibility. Unauthorized disclosure of test results can lead to privacy violations and lawsuits against the diagnostic service.
  8. Inadequate Staff Training and Supervision: Ensuring that all staff are properly trained and supervised is vital for the accurate performance and interpretation of diagnostic tests. Errors resulting from inadequate training or oversight can lead to patient harm and liability.

Malpractice or liability insurance provides financial protection against claims of negligence or malpractice, covering legal defense costs, settlements, and judgments. For medical diagnostic services, this insurance is crucial for mitigating the financial and reputational risks associated with their operations.

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

what types of insurance do medical diagnostics services need?

General Liability Insurance

General Liability Insurance

This is necessary for medical diagnostics 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 medical diagnostics services who a vehicles 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 medical diagnostics services 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 medical diagnostics services. 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 increasingly crippling litigation.

Cyber Liability Insurance

Protecting healthcare organizations & professionals against cyber attacks.

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insurance for hospitals

Hospital Insurance typically covers all or part of the potential liability for hospital services. It includes medical malpractice, accidents involving hospital employees and equipment, care during surgery or any other invasive treatment, after-hours care arrangements by staff who need help with their children and more.

insurance for long term care facilities

Long term care facilities must protect themselves against potential liability arising from incidents within their facility. Westwood can help you negotiate a package tailored to your long term care facility client.

traditional insurance products

Westwood have fostered exceptional relationships with underwriters and we go to great lengths to keep abreast of their latest products, changes in requirements and restrictions, including having weekly calls with the carriers, which you can see here, by joining our insurance insider group.

    Insurance products at Westwood Insurance Group

    You can find more information on the Insurance Products main page.

    If you have any questions on the different policies, check out our Insurance FAQ’s

    alternative structures

    Westwood President, Michael Richards has extensive experience in setting up alternative structures for larger clients. Here are some examples:


    If you think your client could be large and stable enough to benefit from starting or participating in a captive or has a special need for another alternative structure, contact Michael Richards now by phone: 855 351 7487.