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. 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.
Though a workers compensation policy doesn’t have set limits, the employers 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 full understand your options.