Physiotherapy 2133286 1920

As a healthcare professional, you work with patients to improve their health on a daily basis. Helping people improve their physical and mental health isn’t only your bread and butter, it’s your life’s calling.

The top 10 health risks facing Americans are as follows:

− Heart disease
− Cancer
− Respiratory disease
− Accidents
− Stroke
− Alzheimer’s disease
− Diabetes
− Influenza and pneumonia
− Kidney disease
− Suicide

You want to protect your patients from preventable and diseases and situations and work every day to help them lead stronger and healthier lives. But while you’re working with patients, who is working with you?

With all that’s on your plate, you shouldn’t have to worry about anything more than your patients. Owning and running a healthcare clinic is a lot of work. To ease the stress, invest in business insurance for allied health.

Here are four reasons to help you better understand why business insurance for allied health is a valuable asset:

Patients report that the services provided are not as promised
Your allied healthcare clinic promises that through deep tissue massage and exercise regimen, patients with joint and nerve pain will feel better and their symptoms will dissipate. After following the treatment plan for a certain amount of time, a patient does not feel any different and accuses the clinic of false advertising. A general liability insurance policy will cover you for the patient’s complaint and pay the financial damages.

Health equipment breaks down and needs to be replaced
Exercise and physical therapy equipment will break down after extended periods of use. If a client is using the elliptical and it breaks, your property insurance package will cover the costs to have it replaced. By covering your equipment (electronics too) with a property insurance policy you are protecting yourself from having to pay for repairs and replacements out of pocket should a patient break the equipment or it be stolen by a vandal after hours.

HIPAA guidelines require that health organizations have a protection plan
The healthcare industry ranks number one on the cybercriminal’s hit list. Why is the healthcare industry being targeted by cybercrime rings? Patient private data includes birthdates, social security numbers and health insurance information. A cybercriminal can take this information and sell it on the dark web. Identity thieves then take this information and use it to file false insurance claims and make large purchases.

Birthdates and SSNs cannot be changed. If a patient’s information is stolen, they will forever be vulnerable to identity theft. Cybersecurity insurance covers the financial damages that result in the aftermath of a cyberattack and helps to resolve your business loses. HIPAA rules stipulate healthcare providers must have a cybersecurity insurance package. So even if you think you could do without, you can’t.

A patient has a negative reaction to the treatment plan
If a patient should become injured as a direct result of participating in a program as created by the clinic, a liability insurance policy policy will cover the costs of their medical fees and any additional costs that should arise on behalf of the patient.

Life is imperfect, and no matter how hard you work to make sure your clinic does everything by the book, things happen. Find your small business insurance package with CoverHound.

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