Healthcare Professional Liability
As if caring for patients wasn’t enough, your practice needs constant attention to stay profitable and healthy. From business insurance to employee benefits—you need a provider that speaks your industry language. And knows exactly what you need to protect.
The Hartford was one of the first national carriers to create specialized coverage for medical professionals and today, we’re leading the market in outpatient healthcare with over 125,000 customers. Whether you work alone, have a group practice or run a medical lab—you can feel confident that your employees and business are getting the care they need.
Business Insurance for Your Practice
The Hartford’s expertise in serving the insurance needs of physicians, dentists, and other medical professionals has informed our development of unique, specialized solutions for outpatient healthcare practices.
Our customized workers’ compensation insurance is tailored to the meet the specific needs of physicians and dentists, with special programs like Needle Stick Reimbursement.
Needlestick Reimbursement Program
The threat of becoming infected from an accident at work involving a needle stick or other sharp medical device is an on-going concern for many healthcare employees. Needlestick injuries should be a top safety concern since they could put your workers at high risk of contracting a blood borne infectious disease. How a sharp injury claim is handled can make a big difference to the injured person and your practice. That's why The Hartford offers a unique program on our Workers' Compensation insurance to help protect employees and your practice.
The program covers payment for initial testing of your employee and, when the source patient is known and consents, reimburses for testing the source patient. Reimbursement for source patient testing may save your practice money and help determine more quickly if your employee was exposed to any blood borne illnesses.
Importantly, if testing reveals the source patient has a blood borne infectious disease, The Hartford's Workers' Compensation program will work with your employee to obtain prophylaxis treatment in accordance with current Center for Disease Control protocol depending on the source patient results.
The Hartford’s property insurance coverage is tailored to meet the needs of your healthcare practice. In addition to safeguarding your assets, unique coverages for medical equipment and business interruption insurance help protect your practice from damage.
Medical Equipment Coverage
Medical and dental equipment is expensive – and vital to your practice. This coverage protects the equipment in your office from power surges and mechanical breakdown. Coverage includes electrical arcing or artificial electric current and breakdown of computer equipment, phone systems, video systems, and medical equipment such as digital x-rays, CT scans, MRIs, etc.
Business Interruption Insurance
A property loss for a medical practice can mean a loss of earnings during the restoration period. But property insurance from The Hartford is designed to protect your business income with hassle-free business interruption insurance coverage – helping to compensate you for your lost income following a claim. Standard business interruption coverage includes:
- Business Income - Reimburses you for up to 12 months for your actual loss of business income resulting from a covered loss to property at your covered location.
- Extra Expense - Covers extra expenses needed to continue your operations, such as renting temporary office space while operations are suspended.
Additional business interruption coverage options include:
- Business Income for Interruption of Practice - Reimburses earnings up to a specified daily limit for the first 15 days of loss. During this period, no earnings documentation is required to recover income from canceled patient appointments- making the claims experience hassle-free.
- Daily Limit Options - Provides additional flexibility in the calculation of business income loss at the time of a claim
- Dependent Properties - Insures against loss of income if:
- A major supplier suffers a covered loss to their property and cannot provide the materials you need to provide your service
- Your patients are unable to accept your products because of a covered loss to their property
- Electronic Vandalism - Safeguards your practice against loss of income or extra expense due to:
- Website and internet service interruption
- Denial of service attack
- Website vandalism
- Forgery - Protects you against loss if others alter your checks, credit card receipts or bank drafts
Business liability insurance is a critical protection that can help your business stay intact. Slip and fall accidents can happen anywhere – and lawsuits can be a tremendous financial drain on your practice. The Hartford's business liability insurance goes above and beyond the liabilty basics with added coverages such as employment practices liability and optional coverages for data breach protection.
Employment Practices Liability Insurance
Employment related claims are serious business. Liability insurance from The Hartford helps protect you from the expense of employment lawsuits such as those pertaining to discrimination, harassment, and wrongful termination.
Data Breach Insurance
Having the trust of your patients is critical to the success of your practice. And any practice that stores personal patient information is at risk for a data breach. A data breach can negatively impact your patients’ trust and practice’s reputation. This coverage gives you peace of mind that should data be lost, stolen, or accidentally made public, The Hartford will be here to help you cope with the costs of notifying your impacted patients, public relations, legal defense, and good faith advertising. Plus, our data breach experts will assist you every step of the way during and after the breach crisis.
Employee Benefits for Your Practice
Your practice is unique. Your income protection package should be too. Whether you're a physician, dentist or chiropractor, you have unique skills, abilities and risks that require special consideration and protection. The Hartford provides this through specialized coverage and flexible underwriting. Here are some highlights:
Enhanced Long Term Disability
Designed specifically for physicians, our enhanced long term disability contract includes additional protection such as an infectious and contagious disease benefit, and a progressive illness benefit.
From underwriters to claims and service specialists, your income replacement needs will be handled by seasoned professionals who understand the healthcare industry.
Services for Physicians and their Families
Estate guidance, grief counseling, and legal support are just a few of the value-added services designed to help health professionals and their families cope after a disabling event or loss.
The pie chart below breaks down healthcare practice claims by coverage type. For information on how to prevent losses at your practice, view these safety tips for healthcare practices.
Products for Healthcare Practices
The following products may be appropriate for your healthcare practice:
- Business Owner’s Policy
- Workers’ Compensation Insurance
- Business Liability Insurance
- Property Insurance
- Data Breach Coverage
- Umbrella Insurance
- Commercial Auto Insurance
- Surety & Fidelity Bonds
- Loss Control
- Absence Management
- Group Disability Insurance
- Life & Accident Insurance
- Retiree Health Coverage
- Employer-Sponsored Retirement Plans
All coverages and services may not be available for all businesses or in all states. For details on what coverages and services are available to you, contact your agent at The Hartford today.
This site outlines in general terms the coverages and services that may be afforded under a Hartford policy. All policies must be examined carefully to determine suitability for your needs and to identify any exclusions, limitations or any other terms and conditions that may specifically affect coverage. In the event of a conflict, the terms and conditions of the policy prevail. All Hartford coverages and services described on this page may be offered by one or more of the property and casualty or life and accident insurance company subsidiaries of The Hartford Financial Services Group, Inc.
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