Professional Liability Insurance for Healthcare Businesses

Professional Liability Coverage
Up to $1,000,000 each claim / $3,000,000 annual aggregate 

Proceeding Expense Reimbursement
Reimbursement of up to $25,000 annual aggregate / $1,000 per day for lost wages and other covered expenses incurred for insureds required to attend a trial, hearing or proceeding as a result of a covered claim    

License Defense Expenses
Reimbursement of up to $25,000 annual aggregate for attorney fees necessary to investigate and defend you in the event that disciplinary charges are filed against you with a state or federal agency responsible for regulating your professional conduct

Business Owner Coverage Extension
Covers the business owner while they are providing care away from their business

Enterprise Privacy Protection (Cyber)

• Privacy Injury Liability 
• Privacy Regulation Proceeding  
• Privacy Event Expense 
• Up to $100,000 aggregate*

 
General Liability
General Liability is a foundational business insurance policy.  It insures your business from claims of third-party injury or property damage, a tenant’s legal liability to their landlord, products liability, advertising injury, and more. 

Additional coverages: 

• Non-Patient Medical Expenses – Up to $25,000 per person, up to $100,000 aggregate  
• Consulting Services
• Services to Animals Property Damage – Up to $10,000 annual aggregate for damage to the property of others caused by an insured  
• Subpoena Assistance Costs – Up to $10,000 aggregate 
• Patient First Aid Medical Expenses – Up to $10,000 aggregate 
• Abuse and Molestation – Up to $25,000 aggregate** 
• Personal Injury Protection 
• Assault Coverage - Up to $25,000 aggregate ***
• Media Event Expenses Supplementary Benefits Endorsement - Up to $100,000 aggregate 
• Employment Practices Liability (EPL)- Up to $25,000 aggregate **** 

*Coverage not available in all states and may vary by state 
**Higher limits available when contractually required to qualifying insureds  
*** Assault coverage not available in Texas 
**** Higher EPL limits up to $100,000 are available

Complete our form for more information on optional coverages or to get a quote.

Commercial Property
This policy insures the physical assets of the business and is appropriate whether you own or lease your space. 

Commercial Automobile
Commercial Automobile Insurance, similar to your personal automobile insurance policy, provides coverages such as liability, collision, comprehensive, medical payments, and uninsured motorist coverage. 

Umbrella Liability
An umbrella liability policy will provide liability limits over some of the most common business insurance policies (for example, General Liability, Commercial Auto, Workers’ Compensation).  Umbrella liability coverage is often purchased to satisfy insurance requirements for a customer, or for businesses with greater than $1M in annual revenue.

Excess Liability
Excess liability insurance is provided above a specified underlying policy in order to provide a higher limit of coverage for larger claims. 
 
Business Owners' Coverage Options *****

Property
Building (if owned) and contents 

Commercial General Liability
Bodily injury and property damage 

Business Income Protection
Actual loss sustained up to 12 months 

Additional Coverage Extensions
Accounts receivables records, privacy and security liability, employee theft and more 

_{***** Not available in all states or for all professions} 
All descriptions, summaries or highlights of coverage are for general informational purposes only and do not amend, alter or modify the actual terms or conditions of any insurance policy. Coverage is governed only by the terms and conditions of the relevant policy. 

A business policy is the right choice if you: 

• Provide professional services at a business you own:
• Own a business or are incorporated (including LLC and S-Corp) or have employees; or
• You practice under a DBA (doing business as). 

If none of the above applies to you, then an individual policy is the right choice for you. 

Yes, HPSO offers professional liability insurance as well as other valuable coverage options to qualified allied healthcare businesses.

A shared limit policy may be available for you and your qualifying professional business or company, subject to the policy terms, conditions and exclusions.  

Claims will be evaluated for coverage based upon the specific facts and circumstances presented, the issued policy terms, conditions and exclusions. If coverage is afforded, the amounts payable under a policy are subject to applicable deductibles and limits of insurance. An interpretation of coverage does not predict the outcome of a claim. 
 
In determining your practice premium, the business and all eligible employees will be considered, and will all share the same coverage limits you select for the business.

No. When a policy is issued, "a picture" is taken of your company. During the policy year, all employees are covered while they are working for you. In the event new employees are hired, it is not required to report or pay an additional premium for this coverage—new employees are automatically covered. Additional premium will not be charged until the policy renewal, when another evaluation is conducted and the policy is rated for the next year based on this evaluation.

Four months prior to your renewal, a renewal application will be sent to your firm, so that you can notify HPSO of your total staff.  A revised staffing count will generate an adjusted billing or premium that will be due at your renewal. Conversely, it is not required to report staff reductions. Additional premium is not collected for new employees, and premium is not refunded for staff that has left your company. 

If you are a self-employed healthcare provider leasing space in an office building, you may benefit from workplace liability extension coverage. This coverage pays for amounts you are legally obligated to pay as a result of injury or damage caused by an occurrence at your workplace up to the limits indicated on your certificate of insurance. The workplace liability coverage also provides up to $150,000 for your legal liability caused by fire or water damage. There is no additional charge for this coverage.

Your professional liability insurance policy does not provide coverage for direct physical loss or damage to your property or premise due to fire. Such coverage should be sought under a fire insurance policy. 
 
However, if a claim is made against you for damage to property in which you do not have a financial interest or own, caused by a fire due to an accident, coverage for fire and water legal liability may apply if your policy includes workplace liability coverage, subject to the policy terms, conditions and exclusions.  To determine if your policy includes this coverage, check your Certificate of Insurance, or contact us.  
 
The fire and water legal liability coverage provides up to $150,000 in coverage to property in which you do not have a financial or ownership interest.