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Top healthcare professionals we insure
Recommended business insurance policies for healthcare professionals
From acupuncture to radiology, healthcare professionals rely on business insurance to withstand lawsuits and accidents. Swift Insurance helps you secure the right coverage for your clinic.
General Liability Insurance
Covers bodily injuries, customer property damage, and advertising injuries. Often required for commercial leases.
Best for:
Slip-and-fall accidents
Customer property damage
Libel lawsuits
Professional Liability Insurance
Also called E&O insurance, this covers legal costs for professional errors or missed deadlines.
Best for:
Negligence lawsuits
Project disputes
Work mistakes
Workers' Compensation Insurance
Covers medical expenses for employee injuries and is required in most states.
Best for:
Employee medical costs
Disability benefits
Injury-related lawsuits
Business Owner’s Policy (BOP)
Combines general liability and commercial property insurance for small businesses in one affordable package.
Best for:
Customer injuries
Damaged property
Business interruptions
Cyber Insurance
Helps businesses recover from cyberattacks and data breaches by covering recovery costs and customer notifications.
Best for:
Data breach lawsuits
Customer notifications
Fraud monitoring
Commercial Auto Insurance
Covers vehicle-related accidents and damages. Required for business-owned vehicles in most states.
Best for:
Auto accident lawsuits
Vehicle damage or theft
Vandalism
How much does business insurance cost for healthcare professionals?
Several factors will have an impact on insurance costs, including:
- Healthcare services offered
- Type of care, such as inpatient or outpatient
- Medical equipment and other business property
- Annual business revenue
- Where your business is located
- Number of employees on staff
How do I get healthcare professional business insurance?
It’s easy to find insurance for professionals in the healthcare industry. Whether you’re a dentist, home health provider, or physician’s assistant, you’ll need to have some basic information about your business available.
Our application will ask you for your annual revenue and payroll, among other details. You can buy a policy online and get a certificate of insurance with Swift Insurance in three easy steps:
- Complete a free online application.
- Compare free quotes and choose a policy.
- Pay for your policy and download a certificate for proof of insurance.
Swift’s licensed insurance agents work with top-rated U.S. providers to find the right insurance options to manage your business’s unique risks, whether you’re a radiologist at a local care facility or work in a busy medical staffing agency.
FAQs about healthcare professional business insurance
Are all healthcare professionals required to carry malpractice insurance?
While not every state requires healthcare professionals to carry medical malpractice insurance, it’s often required by government contracts, healthcare networks, and hospitals or other healthcare facilities.
Even when you’re not required to have it, malpractice coverage is a key part of risk management. Your patients depend on your specialized skills, and you need to meet a certain standard of care. Not taking the same amount of care that others with your specialized knowledge and training would is called professional negligence, or malpractice.
Medical malpractice claims against physicians and other medical professionals are some of the most well-known professional negligence cases.
What other insurance coverage should healthcare professionals carry?
The main insurance policies that most healthcare professionals carry, such as general liability and medical malpractice, protect their practices from common risks. However, there are additional coverage options to consider as part of your risk management plan.
Telehealth coverage can be added to your medical professional liability insurance, to extend your coverage to misdiagnoses or patient complaints over telemedicine or virtual counseling services.
License defense coverage will pay for legal fees and other costs associated with defending nurses during an investigation that may result in action against their nursing licenses. This coverage can usually be added to your professional liability policy.
Needlestick insurance, or accidental occupational insurance, protects you from needlestick and sharps injuries, as well as blood and bodily fluid exposure.
HIPAA defense coverage can be included in a professional liability policy to provide coverage for HIPAA violations including proceedings, fines, and penalties.