General Liability Insurance for Healthcare Professionals: Key Details
While shopping for a policy to protect your healthcare business from costly liability claims associated with bodily injury or property damage that occurred on your business premises, you can ask your insureon agent for guidance. Our Healthcare Specialist insurance agents know the risks associated with your particular practice and can help you determine the coverages that help mitigate the risks you face.
Before you talk to an agent, feel free to read more about the types of claims your General Liability coverage can protect your practice against, depending on your policy limits.
Bodily Injury Claims
General Liability Insurance protects your healthcare business from one of the most costly liabilities: bodily injury claims. Because accidents are unpredictable and can happen anytime, no matter the precautions you take, this coverage is a must for any business owner. For example, say a patient comes into your office, tracking some rainwater onto your tiled floors. Should they slip and break an ankle, they could sue your business for medical expenses related to the injury. Even if you put the appropriate signage in place to warn patients about the slick floors on rainy days, they still could decide to file a lawsuit if they have an accident in your office.
Meritless lawsuits can still be costly, especially when you consider the expense of attorney's fees. General Liability coverage offers your business peace of mind: for unforeseen slips and spills that end in lawsuits, your business will have the funds to cover court costs and settlements up to your policy limits. If a third party's injury or illness results in death, your General Liability policy will provide funds for medical costs, funeral expenses, and court-awarded compensation. However, your own employees' on-the-job injuries or job-related illnesses are not covered by this policy. You may want to consider Workers' Compensation Insurance to protect your employees and your practice against work-related ailments.
Again, note that General Liability does not include Malpractice coverage. When a lawsuit is filed against your practice due to professional negligence that resulted in injury to a patient, your General Liability Insurance will not cover the claim. You will need Malpractice Insurance for that protection.
Property Damage Claims
In addition to safeguarding your healthcare business against bodily injury claims, your General Liability Insurance can also provide funds for property damage liability claims. Say, for example, that one of your patients leaves their belongings in your waiting room, and presumably, the property is stolen. Should that patient try to sue your business, your General Liability coverage can pay for the costs of the claim if it is covered by your policy.
Personal and Advertising Injury Claims
If you advertise your healthcare services, your business may benefit from General Liability's non-physical damages coverage. If you should inadvertently cause harm to another person or entity due to copyright infringement, libel, or slander, this coverage can protect your business in the event of a claim.
Medical Expenses Claims
Another one of the useful aspects of your General Liability policy is the coverage it provides for immediate medical attention. If an accident occurs in your office and a patient or third party is injured, this policy will compensate your business for costs associated with their medical treatment. Insurance companies tend to prefer to cover the expenses of immediate medical attention, such as an ambulance ride, rather than let the situation go unattended and have that person file a lawsuit against your business later.