Protecting your organization in the increasingly complex world of risk and insurance is no small task. How well the specific insurance products you choose meet your needs and fit your financial constraints, can make the difference between success and failure.
Here is a partial list of the liabilities we can help you assess and manage, simply, effectively and cost efficiently.
One the most expensive areas of insurance for a medical facility, this coverage is critical to protect against patient claims of medical malpractice. The insurance marketplace has changed and so have the rules of the game. Don’t assume you have the most favorable version at the most competitive cost without a HealthSure review.
Employment Practices Liability
In today’s medical workplace the risk of being sued by an employee for sexual harassment, discrimination, or wrongful termination are more likely than ever before.
Directors and Officers Liability
The business practices and decisions of healthcare boards, have come under intense scrutiny from governmental regulators and the public. Lawsuits, resulting in potentially devastating financial liability, can be brought by employees, bondholders, attorneys general, providers, patients and customers, vendors, creditors, competitors, and regulatory agencies.
Fiduciaries of employee benefit plans are expected to act in the best interests of the plan participants. Under the Employee Retirement Income Security Act of 1974 (ERISA), if this duty is compromised, either intentionally or unintentionally, fiduciaries can be held personally liable for losses. Any employee who has discretionary authority over a plan or who assists in its administration can be a fiduciary and thus be exposed to liability.
Property, Business Owners, Boiler & Machinery
This coverage is imperative in protecting your facility assets, loss of revenue, and for funding unexpected expenses. Many programs specific to hospitals and medical facilities now exist.
This coverage protects employers against specific lawsuits from injured workers, and they protect injured workers by replacing some lost wages, paying for injury-related medical expenses, and offering other benefits.
Regulatory / Billing Errors and Omissions
This important coverage provides protection for fines and penalties as a result of allegations of billing fraud, STARK violations, HIPAA violations, and EMTALA violations.
With the Internet explosion comes new risk for hospitals. This coverage protects against exposures related to privacy and identity theft, intellectual property, computer virus transmission, and more.
A first-party coverage for contamination exposures, this type of coverage has become more important due to increasing environmental concerns and regulations.