Business Insurance for
Anesthesiologists have critical jobs that they must pay close attention to. They’re responsible for making sure patients are properly numbed or asleep when medical procedures and operations are being performed on them. You had to go through extensive medical training to obtain your license and start your business. Don’t put all of that hard work at risk by forgetting the importance of business insurance.
General liability insurance protects your customers when accidents happen. This is important business insurance for all companies to carry, and anesthesiologists are no exception. This insurance grows as your business grows, so that your new office locations, products and services are covered from the start. General liability provides broad protection for almost any type of accident that might arise.
General Liability Insurance Includes:
- Premises Liability – Premises liability primarily protects your customers when they are at your place of business. If you maintain your own office space for example, and customers visit you there for consultations or follow ups, there is a small chance that someone could get hurt while they’re at your location. Premises liability protects you from those risks, by providing coverage for your customers. It pays for the medical expenses that arise when injuries occur, and it pays for the cost of repairs if your customer’s property is damaged.
- Products Liability – The products that you sell or use on your customers may have risks associated with them as well. If a product is found to be defective and causes harm to your patient’s, they may sue you and your company. Products liability coverage can pay for the cost of injuries and damages, while also providing for your legal defense fees.
- Completed Operations – After you have completed the agreed upon anesthesiologists activities for your patients, they may discover problems later. If they feel those problems were caused by the operations you completed for them, they may bring legal actions against you. Your completed operations coverage can pay for your legal defense fees and pays for the client’s injuries, claims and settlements.
Business Owners Policy
A business owners policy (BOP) is ideal for small businesses and independent anesthesiologists, because it can be custom tailored to meet your specific business needs. This insurance includes general liability coverage, and provides you with option for tangible and intangible asset protection. Examples include:
- Buildings and Contents
- Business Income and Extra Expense
- Electronic Data
- Newly Acquired or Constructed Buildings
- Employee Dishonesty Coverage
If you drive to medical training, seminars and conferences – or for any other business reason – you can protect yourself from auto accidents with business auto insurance. This coverage can pay for bodily injuries and property damages caused in an accident. It can also protect you from having to pay for other losses caused by theft, fire or natural means such as hail storms.
Anesthesiologists often employ other people to help keep their practice running smoothly and efficiently. As an employer you are required by law to carry workers comp insurance. This protects your employees if they are ever injured while performing their work duties.
Professional Liability (Malpractice Insurance)
As a professional anesthesiologist, your mistakes can be deadly. Professional liability insurance is also known as malpractice insurance. This coverage protects you and your customers if you should ever make an error or other mistake while providing medical services.