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Your Go-to Broker for All Your Professional Insurance Needs
Most people know Physicians Insurance as a leading broker for professional liability insurance for health care professionals and organizations. But did you know that Physicians Insurance offers a full suite of insurance products to cover many different aspects of your practice or facility, as well as endeavors you might undertake outside of the medical practice? We know there’s more to running a medical practice — and more to being a physician or health care practitioner — than direct patient care.
With our 30-plus years of experience specializing in insurance for health care professionals, we understand the different types of work that you do — from primary care to highly specialized treatment to clinical trials and biotechnology — and the different types of risks that come with each. And we offer tailored programs to ensure optimal protection for the different types of work you do.
While the medical practice has many of the same risks that other businesses have — slips and falls, management and employment issues, staff health and safety — it has unique risks as well, such as expensive medical equipment and highly sensitive health records.
For example, did you know that a data breach can cost even small practices more than one hundred thousand dollars? Health care practices hold valuable data, making them a prime target for cybercrime and ransomware attacks, which are becoming increasingly more sophisticated. When a breach does happen, the practice must act quickly and completely to minimize damage and maintain patients’ trust. Often, this will require a specialized team, such as attorneys, technology experts, and public relations specialists, to fix the breach, notify patients, and manage HIPAA requirements. Notification costs are immediate and make up the bulk of the payouts in the first 90 days after a breach. Physicians Insurance is here to help guide protection options for your practice resulting from cyberthreats. Your professional liability policy may currently offer limited coverage, and we offer commercial insurance products to cover costs related to data breach claims, containment, and data restoration after a breach. Our agents are here to help you through the steps you need to take to obtain additional coverage.
Ensuring that you have adequate cyber liability insurance is just one of the ways we protect your business. We offer building and business property insurance to cover your building, equipment, and supplies; management liability insurance to protect against claims of mismanagement, ranging from the responsibilities of directors and officers of the business to employment issues and billing errors; health insurance and workers compensation insurance to keep you and your staff healthy; hired and non-owned commercial auto coverage; and umbrella insurance as an extra layer of protection.
Are you providing clinical care to nursing home facilities, rehab facilities, prisons, or inpatient rehabilitation clinics? We can help ensure you have the industry-specific coverage you need to protect your business, your revenue, and your assets.
For every stage and phase of your career, Physicians Insurance has you covered. We get to know your career path, your practice, and your long-term plans and tailor an insurance package for your unique needs. With one call to Physicians Insurance, you can have confidence that you and your business are protected, so that you can focus on the important work you do.
