Basic Insurance Coverage For Medical Staffing Firms
Medical staffing firms operate in a high-risk environment. With the possibility of facing a lawsuit lurking at every turn, having the right amount of insurance coverage is of utmost importance. As you search the internet for various insurance programs for medical staffing, here are the most important coverages that you’ll want to include in your policy.
Professional Liability Insurance
Also known as malpractice insurance, professional liability insurance is required in the medical field. It protects your firm in case a lawsuit is brought against one of your contractors claiming improper treatment of some sort. Claims covered by professional liability can range from improperly administering a patient’s medication to not reporting bed sores.
General Liability Insurance
General liability is the broadest form of liability insurance. It protects your firm in case a third party suffers bodily injury or property damage because of your business. One of the more likely scenarios for medical staffing firms is someone slipping and falling on your premises. General liability coverage can also be used to respond to allegations of libel and slander.
Workers’ Compensation Insurance
Workers’ compensation is required in 49 states and it’s used to cover expenses related to on-the-job injuries to employees and contractors. All legitimate insurance programs for medical staffing firms are going to include workers’ compensation because facilities aren’t going to accept your employees without the staffing firm having such coverage.
Other coverages can be added to your policy depending on your needs. An experienced agent can help you customize your policy to appropriately cover all your bases.