Medical Property And Professional Liability

What type of insurance do I need for my Medical office business?

Most Medical office businesses have a Business Owner's Policy called a BOP. A BOP is a great becasue it combines three general insurance coverages and saves you money.

We recommend these products as a base:

• Business Owners Policy: A business owner's policy (BOP) combines property and liability insurance by packaging these coverages into a single insurance policy. BOP insurance helps cover claims of bodily injury or property damage and is often a good choice for small and medium-siz
• General Liability Insurance: General liability insurance, which is also referred to as commercial general liability (CGL) insurance or business liability insurance, provides protection to businesses against the financial consequences resulting from bodily injury, property damage, and
• Professional Liability Insurance: Professional liability insurance, also referred to as errors and omissions insurance, safeguards businesses in the event of a client filing a lawsuit due to an alleged error or inadequate advice.

How Much Does Medical Property and Liability Insurance Cost?

• The size of your business
• How many employees work for you
• If you keep customers information stored in a data system
• If you have trucks or vehicles or tow equipment

Your Medical office business may also need other types of business insurance, like:

• Commercial Auto Insurance: Commercial vehicle insurance is a policy of physical damage and liability coverages for amounts, situations, and usage not covered by a personal auto insurance policy.
• Commercial Umbrella Insurance: Commercial liability umbrella insurance, commonly referred to as CLUP insurance, provides extra coverage for the worst-case scenarios that exceed the liability limits of your existing policy limits.
• Cyber Insurance: Cybersecurity insurance, also referred to as cyber liability insurance or cyber insurance, is a contractual agreement that enables organizations to reduce the financial risks associated with online business operations. Through the payment of a monthly or
• Workers Comp Insurance: Workers' compensation insurance, commonly known as workers' comp, offers financial protection for employees who suffer injuries or become ill while carrying out their job responsibilities. It covers medical expenses, a portion of lost wages, and also prov

Similar professions and Medical Property and Liability business insurance?

• Ambulatory surgery centers
• Dental labs
• Dialysis centers
• Laser eye centers
• Medical offices