Your team is the backbone of your practice, and when one of them is injured, it affects everyone.
Make sure your healthcare organization has the right workers’ compensation coverage in place to protect your staff and keep your operations running smoothly. With the proper insurance, you can support your team members if they’re injured on the job, helping them recover while minimizing the impact on your practice.
We work with a wide range of medical professionals and healthcare organizations, offering workers’ compensation solutions tailored to your needs. Whether you’re running a private practice, managing a hospital, or employing medical staff in other healthcare settings, we help make sure you’re protected from the financial burden of workplace injuries.
Our services extend to all businesses with employees, helping you secure comprehensive insurance coverage of particular importance to organizations in the medical and health care space. We assist in managing the cost of workers’ compensation, ensuring compliance with state regulations, and protecting your team with the right compensation cover, including disability benefits and lost wages.
Workers’ compensation insurance provides essential protection for both employees and employers in the event of a workplace injury or illness. Here’s what it typically covers:
It’s important to note that workers’ compensation requirements and coverage details vary by state, so the specific benefits and limits may differ depending on local regulations.
Premiums vary based on several factors, including but not limited to: the size of your healthcare organization, the number of employees, your claims history, state regulations governing workers’ compensation, and the specific roles and risks associated with specific types of medical professionals, which can impact the cost of coverage.
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 workers’ compensation insurance quote, and we will contact you to discuss your options.
Yes, workers’ compensation insurance is generally tax deductible as a business expense. Premiums paid for workers’ compensation insurance are considered a necessary cost of doing business and can usually be deducted when calculating your business’s taxable income.
Workers’ compensation insurance regulations vary by state but are generally a consideration in your insurance program. In Massachusetts, for example, even if you have no employees, your practice should maintain a basic workers’ compensation policy to avoid noncompliance with the Department of Industrial Accidents. Physicians Insurance can obtain a discounted Voluntary Workers Compensation program that can satisfy this requirement.
Workers’ compensation insurance typically does not cover self-employed individuals unless they choose to purchase coverage voluntarily. While it’s not legally required for self-employed professionals, opting for a policy can be a smart choice, especially if they are exposed to risks like physical injury or occupational hazards. For example, in healthcare settings where exposure to illnesses or injuries is common, self-employed medical professionals may want the added protection.
In most cases, independent contractors are not automatically covered by a business’s workers’ compensation insurance. Workers’ compensation is typically designed to cover employees, not contractors.
Though workers’ compensation policies don’t have set limits, the employer’s liability component of the policy does have very low statutory limits for bodily injury and bodily injury by disease. Many practices opt for higher limits with enhanced coverage for a very modest increase in cost. If employees or owners have potential exposure to blood-borne pathogens, there are special considerations which should be addressed so you fully understand your options.
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.
Make sure 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.
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, cell phone, desktop computer or thumb drive. Today, the most common loss is to hackers.
These risks may not involve patient care, but the future of your practice is exposed if allegations are made.
It is critical that your people and their individual roles are adequately insured to protect your business when allegations occur. Management liability insurances may cover a wide range of exposures that you may not have considered.
Healthcare. Industry expertise that goes far beyond the exam room.
A physician practice is only one aspect of the global healthcare industry. Physicians Insurance can guide you to the coverage you need to keep moving technology, research, and solutions forward.