As a healthcare or social service professional, you are held to high standards to provide specialized care to the people that need it most. With long working hours and challenging situations, mistakes can happen even to the most careful professionals. As someone providing advice and/or service to others, you can be held responsible for any negative impact you have on your clients. Additionally, your work involves highly technical equipment and software systems that leave you exposed to liability risks.
While your professional association may have an insurance program in place, you should not assume that this will provide full coverage for the work that you do. It is important that you protect your business with insurance that is designed specifically for the health and social services industry. Fuse Insurance will provide a custom insurance program that covers your risks and protects you from your most challenging exposures.
Who is it for?
- Medical care centres, labs and clinics
- Counselling services
- Social workers
- Mental health care facilities
- Occupational therapists
- Cultural services
- Rehabilitation centres
- Treatment programs
- Long-term care centres
What Insurance Policies Should Health and Social Service Businesses Consider?
You’ll need a combination of a few policies in order to form a comprehensive Health & Social Services Insurance package. This is not a complete list of coverage types and it is best to discuss your options with the brokers at Fuse who can help you find the right insurance package for your business.
Errors and Omissions (also called E&O, Professional Liability, Medical Malpractice)
If you offer any type of advice or service to clients or patients, you need E&O coverage to protect your practice in the event of a lawsuit. Even the best counsellors can make mistakes from time to time, and this policy can provide coverage from allegations of error or oversight in your work. It can help cover the costs associated with court fees, administrative expenses and settlement costs.
Commercial General Liability
This policy protects you from claims if a third-party such as a client gets injured or undergoes property damage while at your business location.
Commercial Property
This provides coverage for your business location and its contents (such as stock and equipment) in the event of a covered loss including fire, theft or water damage.
Cyber
Healthcare and medical businesses are prime targets for cyber attacks due to the sensitive information stored on network systems. It is critical that you protect the intellectual property and patient information of your company with cyber insurance.
Abuse Liability
Nobody wants to think about their company being accused and charged for abuse, but the reality is that physical, emotional and sexual abuse can happen in your organization. Abuse Liability can help cover the costs associated with legal fees, administrative expenses and settlement costs surrounding abuse claims.
As a business in the health and social services space, you need protection that’s as specialized as what you do. Choosing the right business insurance helps your company recover from unforeseen events while ensuring you experience minimal interruption and financial impairment to your organization. Contact us to discuss the insurance options available to your business today by filling out our easy online application or calling 1-866-387 FUSE (3873).