Professional liability insurance is designed to cover healthcare professionals (other than physicians) including nurses, dentists, physical therapists, technicians, and a variety of others providing related medical services. An allied medical business is essentially any type of outpatient medical facility.
This includes home healthcare providers, pharmacies, medical spas, physical therapy clinics, dialysis centers, surgical centers, medical labs and many others. It’s quite a broad segment of the healthcare industry and brokers and agents are often hard at work dissecting exactly what types of allied professional insurance needs to provide with those working within this sector.
Broad coverage reduces gaps
Brokers that fully understand the needs of those facing exposures due to the services they provide to patients are striving to provide their clients with a packaged insurance plan as one way to avoid coverage gaps. Both brokers and agents should also take the time necessary to understand these factors as they assess the risks of their clients to ensure they’re providing the broadest coverage plan possible.
Patients who come away from their care providers feeling that they didn’t get the type of specialized treatment they feel they deserved will often place the blame on nurses and therapists. In today’s highly litigious society, it’s critical that allied medical providers have a practical and robust insurance package that offers solutions to these often-complicated scenarios. Risk managers also must also think of ways to prevent these situations from springing up and jeopardizing careers through safety training and risk aversion techniques.
The best way allied healthcare centers can manage the financial costs of risk is by preventing losses from occurring. It’s vital to put a plan into place that identifies and addresses potential liabilities, while developing and implementing preventive strategies, educating administrators and staff members, and improving internal communications, creating operational efficiencies.
Brokers should partner with agencies most familiar with this area of coverage and obtain the necessary support and consultation for their clients. Those insurers should also provide expert legal counsel to help in defense against claims, whether the claims have merit or not, and help their clients using sound claim management and legal strategies resulting in the best possible outcome. Providing sound risk management planning and allied professional insurance will aid those whose duty and desire is to provide aid to others.