The major coverages include professional liability insurance, E&O insurance, and general liability insurance with most available as a package quote. The following are some of the coverage highlights of the new allied healthcare insurance policy from Boardwalk Insurance:
Separate Professional Liability and General Limits of Liability are available
Claims made Professional Liability and claims made General Liability (including Products and Completed Operations Liability, Personal and Advertising Injury Liability, Fire Damage Legal and Medical Payments).
Abuse and Molestation coverage is available on many classes. Defense cost coverage for patient molestation claims may also be available.
Punitive damages coverage where insurable
Coverage includes a provision to trigger coverage for an incident likely to result in a claim when reported in accordance with the Discovery Clause.
1, 2 and 3-year bilateral extended reporting period options.
The new allied healthcare insurance from Boardwalk Insurance includes full professional liability coverage. Professional liability insurance coverage is important for medical professionals because some of their services involve consulting.
It helps protect professional advice and service-providing individuals/
Commercial General Liability insurance in the new allied healthcare insurance policy protects the established practices of medical professionals. The coverage under commercial general liability insurance is outlined below.
Commercial general liability insurance coverage under allied healthcare insurance is issued to protect businesses in the event of a claim for a covered loss, like bodily injury property damage arising out of premises, operations, products, and completed operations.
The Data Breach coverage under the new allied healthcare insurance policy from Boardwalk Insurance protects against the cost of damages from data breaches:
Coverage for compliance with HIPAA (Health Information Portability & Accessibility Act), HITECH (Health Information Technology for Economic & Clinical Heath) notification costs, business interruption, etc.
Fines under HIPAA can be as high as $1.5 million after the federal increase in 2009
Did you know that in the state of Texas, you as a business owner are required to notify every record holder in your data base should a breach of information occur? With an average of $15-$20 a record holder, these costs can become devastating.
Allied healthcare insurance is important for any medical professional. The comprehensive coverage the new policy from Boardwalk Insurance allows can protect any medical professional and their private practice from most claims and damages levied against them.
.For more information, please visit: http://www.boardwalkinsurance.com