Smart business planning means protecting your medical practice group before accidents occur, but understanding the myriad of insurance options can be confusing. At SEI New York, we can guide you through the many choices as well as ensure you are covered with these 5 insurance must-haves:
- Medical Malpractice. The SEI MedMal team can assist in determining whether you need individual policies for your doctor(s), a policy for your facility or if you are large enough to create a captive program. We will educate your staff on occurrence coverage versus claims-made coverage and the pros and cons of each.
- Spoilage Coverage. Do you have vaccines, BOTOX® or other temperature-controlled medicines that can perish with a loss of power? These items are not included in your Business Personal Property limit, but SEI can help organize supplemental coverage of your perishable contents.
- Loss Control. Take advantage of your carrier’s loss control services. SEI encourages its carriers to join us in a loss control inspection that eliminates vulnerabilities prior to any losses.
- Workers Compensation. At SEI, we understand potential exposures to your medical team. Some carriers provide specific reimbursement for needle pricks and laboratory testing to help get your team back to work quickly and safely.
- Employment Practices Liability (EPLI). Employment Practices Liability Insurance protects against financial costs of lawsuits brought by employees or former employees, i.e.: discrimination, wrongful termination, sexual harassment and breach of employment contract.
At SEI, we know that when we do our job, you can stay focused on growing your medical group. If you are interested in an insurance coverage comparison relative to industry peers or a consultation concerning your current medical practice insurance, please feel free to contact our team at 1-877-237-2481.
