BUSINESS INSURANCE COVERAGE EVERY PHYSICIAN SHOULD HAVE

In consultation with a reputable and knowledgeable general insurance agent, the authors encourage their clients to consider different types of coverage. The non-owner (hired) auto coverage is for employees who are using their personal automobiles to conduct business for the practice. The ERISA/fidelity bond is the coverage specific to your practice's retirement plan. Employee dishonesty is another type of fidelity bond coverage. Employee theft of sensitive customer data is a coverage which is typically and primarily designed to protect against the misappropriation of sensitive patient information. Employment practices coverage is the type of coverage that addresses human resource-related allegations such as wrongful termination and employee misconduct such as sexual harassment. The umbrella policy ties into the other types of coverage to protect against claims that exceed the limits of the other individual policies. Life and disability (key man) policies cover the life and ability to work for those in key positions.