General Liability Insurance
Medical Office Liability Insurance
Owning a medical office is a great responsibility. Your primary business is to provide the best medical treatment and care that you can for your patients. You also have responsibilities towards your employees, your suppliers, and the success of the business itself. Managing a successful and growing business is both exciting and stressful but rewarding in the end. You can ease some of your business stress with general liability insurance for medical offices.
Bodily Injury Coverage
When customers are injured at your medical offices, they often hold you responsible and feel that you should pay for the medical care they require to recover. Some accidents cause injuries that can be quite expensive and may prove difficult for your business to afford. Bodily injury coverage is part of your general liability insurance policy that takes care of these risks for you, so that your company is not financially stressed when accidents happen.
Property Damage Coverage
Sometimes a customer or patient has an accident at your medical offices but they are not physically harmed. Their personal property is harmed or damaged in some way instead. If, for example, a patient plugs their laptop into an outlet in your patient waiting room and the laptop is damaged by an electrical short, they may sue your company for the cost of replacing that laptop. Property damages is the section of your general liability insurance for medical offices that can take care of those types of issues when they arise.
Products And Completed Operations Coverage
The medical professionals in your offices may be protected by professional liability insurance, but your overall offices are protected by products and completed operations coverage. Since your medical offices may sell products in addition to providing services, the products and completed operations portion of your general liability policy is very important to you. Sometimes products are found to be defective. When the defects are severe, they may cause harm and injury to the people who purchased the product. When your patients buy a product from you, they may hold you responsible for problems if they arise later. Products and completed operations insurance helps protect you from lawsuits while also providing for the related care or repair costs for your patients.
Personal And Advertising Injury
When a competing company, supplier or other person makes personal or advertising injury claims against your company, this section of your general liability insurance will help. Personal claims can involve allegations of slander, defamation, or falsehoods. Advertising claims may relate to licensing disputes for images or content that you have used in your ad copy. When allegations are made, this coverage can pay for the cost of your legal defenses and more.
Damage To Premises Rented To You
If you rent or lease the building or space that your medical offices operate from, the owner of that building probably requires you to provide proof of protection for the structure. The rental premises damages section of your general liability insurance for medical offices provides that. If you cause damages or cause loss of the building that your company leases, this part of your insurance will pay the related expenses for repairing or replacing the building.
Medical Expense Limit
General liability insurance for medical offices may include medical expense limit coverage. This operates in a similar way to bodily injury insurance, on a much smaller scale. When a patient or customer claims that they were injured on your business premises, this insurance can pay automatically if the injuries are minor. By offering to pay for minor things, even if you’re not responsible for them, you can help avoid larger legal claims later.
Limits Of Liability Insurance
- Each Occurrence – Your insurance policy will limit the total benefits paid for each claim per person.
- General Aggregate – Your policy will dictate a general aggregate amount, which is the combined total maximum limit of coverage for all incidents, individuals and claims.