Broader Protection for Your Practice
Running a successful practice involves risks beyond patient care. ProAssurance Agency offers access to additional insurance solutions designed to help protect your business, your employees, and your operations. Explore coverage options that can help address the broader risks of managing a medical practice.
Business Owner's Coverage (BOP)
- Property Coverage that covers your building and business property for replacement cost.
- General Liability Coverage protects you against claims for damages because of bodily injury or property damage to others resulting from your business operations.
- Business Interruption Coverage
- Computer Equipment Coverage
Workers' Compensation Coverage (WC)
- Coverage for an accident or occupational disease resulting from a job-related incident.
- Laws vary from state to state.
- You as the owner/officer of the practice can opt to be included or excluded from coverage.
Medefense
- Coverage for attorney and audit costs incurred in response to actions or proceedings from RAC audit findings, as well as payments for potential fines and penalties.
- Provides defense costs, civil fines, and penalties coverage for HIPAA, Stark, and EMTALA proceedings.
- Offers broader coverage than the Administrative Defense Coverage (ADC) included in your PICA policy.
Cyber Security
Protects your practice against loss, defense costs, and data recovery costs relating to network security wrongful acts, governmental investigation, data recovery, and patient notification/credit monitoring.
Employment Practice Liability
Covers wrongful acts arising from the employment alleged claims such as wrongful termination, discrimination and sexual harassment.
DMEPOS
As a supplier with Medicare for durable medical equipment, prosthetics, orthotics, and supplies, you are required to carry comprehensive liability of at least $300,000, and a surety bond of $50,000 per location.