Medical Office Business Insurance West Chester, OHMEDICAL OFFICE BUSINESS INSURANCE

Medical Office Business Insurance is provided on our Business Owner Policy (BOP) coverage form and is designed to provide comprehensive insurance for medical practices and professional office combinations.  We know that Medical Office Business Insurance is likely to be an excellent policy choice for your needs.  Medical practitioners need coverage for the variety of services you provide a within a number of general and specialty disciplines inside the classification of medicine and most professional offices have similar needs and risk profiles.  Some medical practices also have medical laboratories connected to the place of patient treatment that may also fabricate and manufacture medical appliances and devices such as prosthetics.  In these cases we may need to more carefully consider the operations that are being conducted but we are also able to provide protection to medical laboratories under one of our Medical Office Business Insurance Business Owner Insurance programs.  We are not a source for medical malpractice insurance.

Medical Office Business Insurance under our BOP policy is designed for most medical office operations.  The Business Owner Policy for medical practices will include the following coverage:

Medical Office Business Insurance – Liability

  • Bodily Injury and Property Damage, Premises Liability
  • Personal Injury and Advertising Liability Coverage
  • Employment Practices Liability Insurance
  • Fellow Employee Coverage
  • Host Liquor Liability
  • Non-owned Watercraft
  • Hired and Non-Owned Auto Liability
  • Products and Completed Operations Liability
  • Employee Benefits Liability
  • Ohio Stop Gap Liability Insurance
  • Cyber Insurance

Liability insurance protects against the tort of negligence in the Medical Office Business Insurance policy.  The tort of negligence is a breach of duty that is derived from common law principles that have evolved through decades and even centuries of recorded decisions about our relationships with one another including Medical Office Business Insurance clients.  A duty is an obligation we owe to someone else.  In essence, we owe each other the duty to protect them from the consequences of our actions and when someone is hurt or suffers harm to either body, property, or reputation, in our culture we boil down our grievances to a monetary settlement in most cases.  In the case of the liability coverage provided in our Medical Office Business Insurance policy, we will pay for the benefit of a legal defense against the claims of injury or damage and we will also pay the amounts that become due to another because a finding of your negligence has occurred through legal proceedings or an agreement accomplished through the negotiations of your insurance carrier and the other people involved in the claim.  This includes bodily injury and property damage as a result of events on the premises, through acts on and away from the work facilities, injuries caused by products, advertising injury, personal injuries other than bodily injury, hired and non-owned auto liability, and injury or damage caused due to computer intrusion and compromise when chosen.

Here is an example for Medical Office Business Insurance clients to consider.  During my career I have been extensively involved in providing professional liability insurance to medical and dental clients.  While this example relates to the professional liability it is relevant to the discussion of liability.

I once insured an orthopedic doctor who had resorted to carrying around a portable pocket recorder that was running during his work day. I asked him why he was recording our conversation and he said it had become common that when in his office he recorded the instructions he gave to patients because he had been accused too often by a disgruntled patient that he “never told me that I needed to do” that, or this, or what not to do during the treatment or as part of his advice and service. So, he decided the cheapest route to protect himself was to have a perfect recollection of the patient interaction. He had the tapes transcribed by a software program, he reviewed the tapes for errors or omissions with the patient, and then adds the patient transcript to the records. His standard of care as a professional is deliberate for a reason but he doesn’t want to become responsible for patients who ignore his instructions and waste the value of his care and advice. So, while it doesn’t directly apply to the non-medical coverage of the Medical Office Business Insurance policy, it is a direct look at the importance of avoiding liability in every way reasonable so that hard earned success in business doesn’t get attacked by frivolous or non-meritorious claims of liability. Medical Office Business Insurance liability develops when we fail to protect another person from the consequences of our actions to the greatest degree possible whether it is professional liability or that which arises from general operations.

Property for Medical Offices

  • Buildings including multiple locations
  • Business Personal Property including Medical Devices & Equipment
  • Building Limit Automatic Increase at the Time of Loss
  • Valuable Papers and Records
  • Accounts Receivable Coverage
  • Computer Coverage and Cyber Crime
  • Outdoor Signs—Attached and Detached
  • Building Ordinance or Law Coverage
  • Off-Premises Coverage for Business Personal Property, including Property in Transit
  • Earthquake Coverage (Some carriers)
  • Business Income, including Extra Expense Coverage
  • Coverage For Water Back-up
  • Equipment Breakdown

Property insurance is required to be included when a business owner policy is used.  If you own the building we must include the building.  We must include the business personal property, stock and fixtures because the Medical Office Business Insurance policy is a package policy that requires both liability and property coverage be included.  The reason the BOP policy is cost effective is the large package credits that are built into the premium charges.  The business owner policy provides a lot of coverage in a tidy package and it is flexible enough to handle several locations and variety of situations for building, business personal property, computer and cyber crime needs, signs, coverage on or off premises, loss of business income, and break down of critical building mechanical systems that may alter your ability to operate.

Inland Marine and Special Property

(See IM Section for more Details)

Mobile equipment and property that leaves the building is best covered with an inland marine endorsement that is designed for equipment that may float to where you actually do your work, like for example, medical screening event at a local school.  Certain equipment that is mobile in nature and leaves the business premises will find the broad coverage of the inland marine policy endorsement is best method of insurance for this type of property.

Umbrella Liability

Medical Office Business Insurance often includes an Umbrella liability policy as an additional limit of liability coverage that protects for damages that exceed primary policies and sometimes losses that were not covered in the primary policies but were not excluded by the language of the umbrella policy.  Most carriers offering an umbrella policy probably will not cover over the medical malpractice but an Umbrella policy is still a good idea to cover over all other non-professional exposures.  It is good to know what is covered by the Umbrella so make sure to ask.

Crime and Fidelity

  • Employee Theft
  • Crime Inside
  • Crime Outside

While you are busy being a doctor or medical practitioner, your Medical Office Business Insurance can be on guard for the loss of money through theft, robbery or burglary, or the dishonesty of an employee. These are losses that can cripple a business and tailoring the needs for crime and fidelity coverage can be done within the Business Owner Policy for medical offices and businesses.

Business Auto

(See business Auto Section for Details)

When your business operates business vehicles it is important to insure the vehicles with liability protection just like the premises and operations.  The business auto coverage is dealt with in great detail in the business auto section.  Follow the link to this section for my information.

Professional Advice and Agency Service

Quality coverage begins with understanding your needs and the extent of your operation.  I have 37 years of experience working with business owners and have a unique and special connection to medical practitioners and their business insurance needs through a long career in insurance.  When it comes to Medical Office Business Insurance I have considerable experience working with doctors, dentists and other medical specialty practitioners.  I understand the strong commitment to the standards of care your discipline requires and we aim to match your expectations with our professionalism and attention to detail. This agency represents quality carriers that have the ability to provide the coverage your business needs whether or not it is ultimately provided inside of our Business Owner Policy or our more flexible Commercial Package Policy (CPP) option.  Call and ask for Terry McCarthy at (513) 779-7920, 9-5 Monday – Friday most days. We’re available to meet at most any time with an appointment in advance.


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