Medical Practice Insurance
Healthcare and medical professionals face many unique risks including the limited mobility of their patients, handling of sensitive patient information, property damage to the medical business office, and the potential loss of business records and patient files. We will inform you more about the insurance coverages small medical offices and healthcare professionals typically need, and most often purchase, from us at LF Insurance Group.
Most medical or healthcare practices have a Business Owner’s Policy otherwise known as a BOP. How come? A BOP protects your medical business or healthcare facility in much the same way a homeowner’s insurance policy helps protect your home and personal possessions.
By combining three basic insurance coverages that are essential to almost all small businesses, including medical offices and healthcare practices, a Business Owner’s Policy can help medical and healthcare professionals save money on insurance premiums while also protecting what they’ve worked so hard to build.
Business Liability – helps protect your medical and healthcare business from certain lawsuits alleging injuries or property damage that occurred as the result of your business operations, like if a patient is injured at your healthcare facility or medical spa or an employee causes damage to a patient’s property. It even helps cover certain claims of slander and libel. Business Liability does not cover liabilities directly arising out of the professional medical and healthcare services you may provide.
Business Property – helps protect the place where you do business and the tools you use to conduct your medical and healthcare practice, such as computers, therapy tools, and medical equipment.
Business Income – helps cover the loss of income when you’re unable to treat your patients because of covered property damage.
Call us with any questions about Insurance or schedule an appointment. Let LF Insurance help you secure your future with the right Insurance policy. 303.422.2018