Running a medical practice involves more than just patient care. Your practice faces significant risks if allegations arise against your team.
Ensuring that your team members and their roles are properly insured is crucial to safeguarding your business and preparing for potential legal and financial challenges.
We provide insurance for a wide range of healthcare organizations, including medical practices, hospitals, clinics, and other healthcare-related entities.
Our coverage is tailored to meet the unique needs of each organization, ensuring comprehensive protection for your team and your business.
Protects managers of the corporation against personal liability to investors, employees, vendors, participating physicians, and other provider organizations. The key D&O liability exposure areas include anti-competitive acts, shareholder liability, and mismanagement.
Protects against allegations of employment discrimination, such as acts based on gender, race, minority status, age, or handicap, as well as wrongful termination. EPLI coverage provides payments for defense costs, litigation, and settlements, and may be designed to cover allegations from first and third parties.
Addresses the duties imposed on administrators and trustees of employee benefit plans to make correct decisions in plan investment options and administration.
Protects employee welfare and profit-sharing plans against theft of funds. The bonds are required by federal law on all qualified pension, welfare arrangements, or retirement funds.
Protects your practice against certain types of theft and fraud and other related losses that threaten the practice’s financial resources.
Provides coverage for a broad range of professional errors and omissions not covered by traditional malpractice insurance. It protects against claims of negligence, mistakes, or failure to perform professional services, helping to safeguard your practice from potential legal and financial repercussions.
Premiums vary based on several factors, including but not limited to: the size and type of your practice, the number of employees, the coverage limits chosen, claims history, and specific risks associated with your organization.
We’re committed to putting your needs first and helping you manage costs proactively.
David Wasserman, Executive Director Physician Organization at Congenial Healthcare
Is it time to examine your current policy? Remember, what you don’t know can hurt you.
The simplest way to mitigate risk is through thorough preparation. At Physicians Insurance, we are best placed to help enhance your preparedness.
With our extensive experience and deep industry knowledge, we are confident in our ability to tailor a competitively priced insurance program that addresses your unique needs.
Simply complete the form to request a free, no-obligation management liability insurance quote, and we will contact you to discuss your options.
Management liability insurance is designed to protect the personal assets of directors, officers, and managers from claims arising out of wrongful acts committed in their official capacities. This coverage helps shield against a range of risks, including legal and financial challenges, ensuring the stability and security of your business.
While management liability insurance and directors and officers (D&O) insurance overlap, they are not exactly the same. D&O liability is a component of management liability insurance, specifically covering directors and officers against personal liability. Management liability coverage is broader, often including additional protections like employment practices liability (EPL)** and fiduciary liability insurance.
Yes, premiums paid for management liability insurance are typically tax deductible as a business expense. This deduction can help manage the overall cost of securing essential protections for your company’s leadership and operations.
When your practice is your business.
Protecting and keeping your business operating smoothly is critical to your success. We can guide you on a range of options to manage risk in the face of unexpected circumstances that may arise frequently in the healthcare industry.
Teamwork makes the dream work.
When a team member is injured, the whole operation is impacted. Make sure your practice has the proper coverage to support your team members if they are injured on the job. Workers Compensation Insurance regulations vary by state but are generally a consideration in your insurance program.
Ensure your “company car” is properly insured.
Does your practice own or lease vehicles? Do your employees use personal vehicles for work purposes, even occasionally? Does a partner rent a vehicle while at a work conference? Automobiles associated with a business in any of those ways require special coverages.
A useful tool to have on hand, umbrellas come in handy when that rainy day occurs.
Sometimes you need more than just a slicker when the rain comes. An umbrella can protect you against the unexpected. An umbrella policy, as the name connotes, ‘sits over’ something to protect it, in this case it sits over other coverages.
Cyber threats are Growing. Yet most practices don’t have enough coverage to even minimize recovery costs.
The most common source of a data breach used to be ACCIDENTAL: a stolen or lost laptop, cellphone, desktop computer or thumb drive. Today the most common loss is to hackers.
Healthcare. Industry expertise that goes far beyond the exam room.
A physician practice is only one aspect of the global healthcare industry. And, Physicians Insurance can guide you to the coverage you need to keep moving technology, research and solutions forward.