Healthcare Business Insurance

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Healthcare Business Insurance to Protect You and Your Patients

Healthcare is a dynamic industry and the risks you face change rapidly as regulations shift and new legal precedents are set.

You need a healthcare business insurance broker who understands these implications and your business — a partner who can help you navigate complexity, manage emerging risks and avoid losses.

Our team will work with you and your healthcare operation to develop integrated business insurance, risk management and employee benefits solutions tailored to your practice’s needs and exposures. We support your objectives by helping:

Reduce your total cost of risk
Protect your people, property and profits
Maintain regulatory compliance in healthcare
Attract and retain experienced medical staff

We put our in-house specialists at your service, and leverage our relationships with healthcare business insurance carriers and service healthcare providers to deliver the expertise, support and advocacy that are critical to the success of your senior care or medical office and organization.

We’ve built our healthcare business insurance solutions and resources to focus on the unique needs of senior care organizations, hospitals and healthcare systems, allied health care professionals, virtual care operations, and medical practices — so you can continue to focus on patient and resident care. Protect your healthcare practice, your employees, and your patients with HUB’s comprehensive healthcare business insurance offerings today.

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Healthcare Business Insurance FAQ

What is healthcare business insurance coverage? Who needs it?

Healthcare business insurance protects against risks unique to healthcare practices and operations. Healthcare business policies provide multiple coverages for physician practices, hospitals, senior care facilities, physical therapists, chiropractors, and other providers. Some coverages, such as general liability, commercial property, and business income loss may be combined in a single policy. Not all healthcare business policies are identical. For instance, malpractice insurance protects healthcare providers against negligence claims.

What should be included in my healthcare business insurance package?

Essential items in a healthcare business’s insurance include general liability insurance; commercial property insurance; professional liability insurance; cyber insurance; commercial umbrella insurance; and workers’ compensation insurance. In addition, healthcare businesses should consider supplementing these essentials with commercial flood insurance and business interruption insurance, as well employment practices, crime and fiduciary coverages.

Do small medical businesses have more difficulty finding coverage?

Small medical businesses may have more difficulty finding coverage as insurers may not cover certain specialties or practitioners with poor claims histories. In addition, it may be difficult for a small healthcare business to afford premiums; it is important for them to leverage broker relationships to find an underwriter that can help with navigating the insurance market.

What should medical businesses look for in a business insurance provider?

A provider that understands a medical professional’s unique risks and is familiar with the enormous operational complexities for hospitals, specialty facilities, or multi-state health systems. Brokers should be able to address challenges for long-term care facilities and providers, including skilled nursing, assisted living, memory care, PACE programs, retirement communities, and other long-term care organizations. Also, a provider should be able to tailor allied health insurance solutions for multiple business segments including urgent care, community health centers, rehabilitation facilities, ambulance companies, hospice and home healthcare agencies, physical therapy clinics, and laboratories.