Basic Insurance Coverage For Private Practices

Insurance Coverage

As a medical practitioner, you understand the risks that surround your practice and how not carrying the appropriate amount of insurance coverage can be disastrous. While you may not be an insurance expert, there are certain coverages that you should be sure to understand. Here are three basic coverages that will serve as the foundation for your insurance policy.

General Liability Insurance

As the name implies, general liability protects you against lawsuits where a third party claims to have sustained an injury or property damage on your premises. It differs from malpractice insurance as it covers lawsuits for incidents that may be out of your control.

Malpractice Insurance

Per, medical malpractice insurance is coverage for lawsuits where a third party claims to have sustained an injury or illness because of an error on your part. With the threat of malpractice lawsuits being ever-present, it’s not only the most popular of medical insurance coverages but maybe the most important.

Property Insurance

Property insurance protects you in case your property becomes damaged or lost. You can choose to cover your physical and electronic property – office building, equipment, furniture, and data. Typically, property insurance covers incidents related to fires, storms, theft, and vandalism.

With these three coverages, you’ll have a solid foundation for your policy. Work with your agent to craft the perfect policy for you.