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Why Healthcare Professionals Need Independent Liability Insurance

HPSO insurance.

Medical professionals are often the targets of malpractice law suits. Those who work at a hospital or other medical facility might have an employer that carries some form of professional liability insurance. However, that coverage often protects the employers interest and may be insufficient to protect the individual caregiver from legal liability. Because lawsuits can be extraordinarily costly to defend, essentially every healthcare professional should have independent HPSO insurance.

Affected Practice Areas

Regardless of practice area, virtually everyone who treats patients should have adequate professional liability coverage. While this list is not exhaustive, the following professionals should carry liability insurance:

  • Doctors
  • Nurses
  • Mental Health Counselors
  • Dentists
  • Physical Therapists
  • Technicians

All healthcare professionals who play a role in treating patients are susceptible to a malpractice lawsuit. As such, regardless of practice area, most medical professionals need independent HPSO insurance.

Effective Liability Coverage

Healthcare professionals often purchase liability coverage to protect them against errors or omissions they make when treating a patient. This coverage also traditionally covers any other medical activity the professional does, regardless of whether it is in an official capacity. Finally, liability insurance generally pays legal fees associated with fighting frivolous claims.

Professional healthcare providers often have significant stressors in their everyday lives. Worrying about legal responsibility should not add to that stress. Anyone who practices in a medical field, then, should probably have independent HPSO insurance coverage.


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Top 5 Factors to Consider When Choosing an Insurance Company

insurance companies in Virginia

When choosing between insurance companies in Virginia, there are several important factors to consider before making a decision. Whether you own a home or business, one of the most essential things you need to do is protect your family or mitigate business risks with proper insurance coverage. Here are five factors to consider when selecting an insurance company:

1. Type of coverage. General liability is essential, but there are other coverage types available.
2. Budget. Be practical when it comes to how much you can afford for insurance expenses.
3. Comparing rates. Compare different rates and features that insurance companies in Virginia offer before making a commitment.
4. Read the fine print. Pay close attention to the fine print in your insurance policy before purchasing it so you do not end up overpaying in the end.
5. Quality rating. Compare the quality ratings of various insurance companies published by the main insurance rating agencies, such as Standard & Poors or Moodys.

Peace of mind and financial protection are just a few benefits of comparing insurance companies in Virginia before deciding on a policy to purchase. Understanding your priorities before you begin the search can help you locate the company that offers affordable, competitive prices and dependable coverage to meet your insurance needs.

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Getting to Know Some Basic Types of Insurance

Daniels Insurance

Whether you are running a business or buying a home, insurance is essential for protecting against most of the unforeseen circumstances of an uncertain future. You may find that there are a variety of different types of insurance. Knowing which ones are necessary can be a bit tricky. It can be useful to contact an insurance agency, such as Daniels Insurance, in order to get a better sense of what you need. Here are some common types of insurance with which you may want to familiarize yourself.

General Liability

If you run a business then you probably know about general liability insurance. This type of insurance pays for most future costs incurred by accidents such as property damage and injury that occurs on the company’s premises. Liability insurance will also help pay for a settlement if you happen to be found liable. If you’ve been running a business for a while, an insurance agency, such as Daniels Insurance, can help you go over your policy to ensure that there is no duplicate coverage or coverage gaps.

Homeowners Insurance

It is imperative to own homeowners insurance if you want to protect against any future losses. This type of insurance will help you replace damaged structures and protect your assets in the event that an injury occurs on your property. Homeowners insurance can also cover costs incurred by theft, fire or vandalism.

Because there are many different kinds of insurance, it is advisable to contact an expert who can help find the right policy for you.

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Protection Through a New Mexico Insurance Agency

New Mexico insurance Agency

Today the hospitality industry is thriving and full of excitement and challenges. But there are risks associated with providing a location for a multitude of people to spend extended time for a fee. This means that you can be held liable for a slew of issues that could arise, from a slip and fall by the pool, to a food borne illness while dining in your establishment. Certainly a lot of things can and possibly will go wrong.

As a hospitality owner, a person or business can even be named in a lawsuit for an incident that occurred off premises, or simply if circumstances bear out that there was some connection to the establishment. If you contact a New Mexico Insurance Agency you can likely purchase hospitality insurance that can provide you with peace of mind and the assurance that you will be protected in the event that an incident results in an unexpected claim.

Insurance is easy to acquire and readily available

There are a number of companies operating in the area that offer hospitality insurance in comprehensive policy packages. The amount of the cost for coverage will usually be determined by the size of your business. The comprehensive coverage that you can purchase will, of course, vary from provider to provider.

Whether you run a hotel, social club, restaurant or tavern, you need to have coverage for injuries, damages, and other unforeseeable events. You’ll want to include commercial property insurance, general liability coverage, liquor liability (if you serve alcoholic beverages), loss of income, and umbrella insurance for added protection. There are other policies available and a reputable agent can go over your particular exposures and help you tailor a package to fit your precise needs.

When it comes to your business, it is likely your greatest investment and you need to protect it. Just one lawsuit related to your operations could spell financial disaster, as this is just the type of occurrence that can ruin or bankrupt a small business and significantly cripple a medium or large size business. This is why an investment in coverage provided by a New Mexico Insurance Agency is actually low compared to the cost that you will encounter if you don’t have it and end up facing a costly claim.

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Choosing Miami Group Health Insurance Plans

Group Health Plans Insurance Miami

Employers at companies all over the state are constantly looking for the best options regarding Miami group health insurance plans. They devote a lot of time trying to choose the best group health plan available and must consider the entire pool of employees in order to come up with something to satisfy everyone’s needs, a daunting task at best.

But it can sometimes be difficult to understand the ins and outs of health insurance. What does one look for, when do you make changes, what factors are most important?

Involving employees in decisions that ultimately affect them is usually the best way to handle these types of situations. They will appreciate having input. Having an annual employee review process and using a few steps to guide them through the different parts of any group health insurance plan will help them in determining what might best work for them.

Price versus coverage

Employers should consider just how much choosing a good plan reflects on their ability to maintain employee retention. When picking group insurance plans, it’s easy to choose plans with the cheapest price tags, but this usually means you’re not getting very much, or even good, comprehensive coverage. Looking at coverage options first, and then how much a plan costs means you’re putting benefits ahead of savings.

In this way you’ll be able to determine and evaluate what’s most important to your employees and it will basically show them exactly what’s most important to you, aside from price. If, in the end, the price isn’t right, you’ll at least know what factors your workers truly desire and can try to find those options at a suitable price.

Seek sufficient coverage limits

Healthcare costs are continuing to skyrocket, and according to a recent study released in March 2013 by America’s Health Insurance Plans (AHIP), hospital care prices rose 8.2% per year from 2008 to 2010. Even though general practitioner bills are considerably cheaper than other healthcare, they’re still a part of rising healthcare costs as well. This increase in healthcare costs makes having the appropriate coverage limits in place essential, especially in the event of any catastrophic events.

When evaluating Miami group health insurance plans, review as many different plans as possible, and perhaps have your employees have a say in the final decision, especially since they’re the ones that will benefit most from the choices being made.

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