With both sides of the political aisle arguing over healthcare reform, there’s growing fear that soon Americans won’t be able to afford healthcare insurance, or their healthcare will be stripped from them. As far as the American public is concerned, their healthcare is in jeopardy.
Not everyone can afford meeting with a physician as it is. Luckily, healthcare clinics are available to the public for general check-ups, shot administering and emergency care. As the owner of a healthcare clinic, you have done what you can to make sure your clinic’s services are affordable, your reception desk friendly and your staff knowledgeable. But that’s not all you can do to make sure your healthcare clinic continues to run smoothly.
Investing in a medical general liability insurance plan will guarantee your clinic’s healthy stature in the community.
Here are three reasons why healthcare clinics need medical general liability insurance now!
The building could suffer structural damage. Depending on the type of clinic you own and run, your healthcare facility could come under fire, literally. Be it for political or social reasons, a stranger could cause your facility to have permanent damage, or the facility could suffer damage due to a severe weather storm or earthquake.
Commercial property insurance covers the structural damages to your clinic as well as the loss, damage or destruction to the medical equipment stored inside the facility. It costs anywhere between $70,000 and $100,000 to start a clinic. This does not include the cost of office equipment or medical instruments. If your clinic suffered structural damage, would you have the funds to pay hundreds of thousands of dollars in damages? Could you replace your office equipment and get back to work? It would be near impossible without small business liability insurance.
Your phlebotomist stuck a patient one too many times with the needle. According to Healthline, 20 percent of people suffer from trypanophobia—a fear of needles. If a patient who has trypanophobia comes in needing their blood drawn, you will need to be sure that the phlebotomist is able to do their job correctly the first time. If the phlebotomist is unable to find a vein and in the process stabbed the patient multiple times, your clinics services could come into question.
Small business insurance will protect your clinic should the patient claim they were brought physical and mental harm while undergoing a medical service.
The healthcare clinic must shut down while medical equipment is being replaced. Medical equipment can cost tens to hundreds of thousands of dollars. If a machine or group of machines should break down, not only will you need to replace them, but you’ll need to close down the clinic until all has been fixed.
Small business insurance will cover the repair and replacement costs of your medical equipment as well as pay for any business losses your clinic should have being forced to close for a period of time.
You have insurance for your car, why wouldn’t you get insurance for your small business, your healthcare clinic? Visit CoverHound to be matched with a medical general liability insurance package that’ll protect you when you need it most.