Protect your healthcare practice with the right insurance!
The healthcare industry is a multifaceted sector, encompassing a range of professionals and institutions, from private practicing physicians to dental offices, chiropractors, rehabilitation specialists, surgery centers, clinics, and hospitals.
At Mason-McBride, we understand the intricate needs of healthcare clients and are dedicated to providing tailored insurance solutions that safeguard your practice.
What Type of Insurance do Healthcare Practices Need?
Healthcare practices have a unique set of risks, and comprehensive insurance coverage is essential to protect their business. Mason-McBride offers a suite of insurance policies to address these risks:
General liability insurance can help protect your business against claims for bodily injury, property damage, advertising injury, errors, or omissions. In addition, without this coverage, you may be responsible for paying out of pocket for legal costs, such as attorney fees and settlement amounts.
Also known as Errors and Omissions (E&O), professional liability insurance can help protect your business from consequential loss resulting from negligence claims associated with your professional service. Professional liability claims involve allegations whereby the customer alleges they lost revenue or incurred expense because of the negligent rendering of professional services.
Worker compensation insurance gives employees benefits to help recover from work-related injuries or illnesses. It can also benefit your employee's families if they lose their lives in a workplace accident. Different factors, such as job risk, claims history, and payroll size, can affect workers' compensation costs.
Commercial umbrella insurance extends the coverage limits for some of your liability policies. So, if a claim exceeds the limits on your policy, your umbrella insurance can help cover the difference.
Business property insurance covers equipment, signage, inventory, and furniture in the event of a fire, storm, or theft. However, it doesn't cover mass-destruction events like floods and earthquakes.
Cyber liability insurance helps your business respond to a data breach if personally identifiable information gets lost or stolen. In addition, many policies will include extortion coverage, business income protection, and systems failure, all caused by a breach.
Commercial crime insurance is a type of coverage that protects organizations from losses due to criminal acts such as theft, embezzlement, and fraud. This insurance can provide coverage against losses resulting from the actions of employees, as well as those committed by customers.
It's important to work with an insurance agent who has experience with the unique needs of healthcare practices to ensure that all exposures are properly covered.
Why Work With Mason-McBride?
At Mason-McBride, we are not just another insurance agency; we are a locally-owned Michigan business that places our clients at the heart of everything we do. We understand that healthcare practices vary significantly, and a one-size-fits-all approach is inadequate.
Our dedicated agents will conduct in-depth interviews and risk analyses to craft policies that are customized to your distinctive needs and situations.
Start a Quote Online