At Insurance Web we’ve put together this Allied Health Professionals Insurance Checklist. Because we know the importance of having the right insurance cover to protect your health business and those using its services.
Every business is run differently and has individual needs, so we recommend you use the following checklist as general advice only. The best way to know exactly what cover suits the needs of your business, is to speak to the Insurance Web team.
As a top priority we’ll undertake a Needs Analysis first and then look into organising a more structured program tailored directly to your business.
Typical Health Practice Insurance
For most smaller health practice offices, and mobile practices, these are typically the essentials that you should have included in your insurance program:
- Public Liability – Bodily injury / property damage arising out of the insureds business activities.
- Professional Indemnity – provides cover for the your professional advice
- Products Liability – Bodily injury / property damage arising from products manufactured, modified, repackaged, imported, grown or sold.
- General Property – Loss and/or damage to portable items such as tools of trade, laptops and other portable equipment while away from the insured premises. Cover for specified items and unspecified items up to $2500 per item that are not specified.
- Cyber Event Protection and Cyber Crime.
Insurance for a larger scale Health Practice Business
When it comes to covering your business with a bigger team and a more permanently fixed premises, the broader business insurance package solution should also be considered.
Along with the insurance coverage mentioned above, you also need to take into consideration the following:
- Fire & Perils – Damage to assets (building, contents, stock, equipment etc) caused by fire, storm, water and nominated perils excluding flood unless specifically included (Extension for your Customers’ Goods).
- Business Interruption – Loss of trading income and increased expenses due to damage to fixed assets or prevention of access excluding flood unless specifically included.
- Burglary – Theft of property and/or customers’ goods following a break and enter (Extension for your Customers’ Goods).
- Glass – Damage to fixed external or internal glass or both.
- Machinery Breakdown – breakdown of Air Conditioning plant and equipment.
- Electronic Equipment – Electrical breakdown of computers and associated equipment.
- Management Liability –
- Directors & Officers – indemnity following a “wrongful act” committed by the directors or officers or a company.
- Employment Practices Liability – defamation, sexual harassment, wrongful dismissal, discrimination allegations by staff or contracted staff in the workplace.
- Statutory Liability – fines imposed for unintentional breaches of government acts.
- Taxation Audit cover – expenses due to unexpected tax audit.
Who could be liable for Claims?
- Usually the Health Practitioner.
- Independent contractors – usual rules of vicarious liability do not apply.
- Health practitioner liable for their errors.
- Practice liable for their errors.
- Each party needs their own insurance.
- Contribution sorted out on the usual basis – the relative culpability of the parties expressed as a %.
Allied Health Professionals Insurance Checklist
Insurance Web are your Allied Health Professionals insurance experts. Known for our simple processes, cost-efficiency and trustworthy staff, we’ll help you get the right business insurance cover so you can trade confidently and securely right now!