Insuring your medical practice
Whatever kind of practitioner you are, insurance needs to be specific to the risks you’re likely to face. It’s a specialist field, with very particular requirements, so while Hiscox doesn’t offer bespoke insurance for medical professionals, we work with a range of trusted, specialist providers who do.
Why you need business insurance in medicine
Guarding against injury
You may be treating patients all day, but you, your employees, someone visiting your practice or even a member of the public could be injured, whether or not it’s related to a treatment and whether your business is at fault or not. Injuries are upsetting and stressful, but they can also cost you time, money and possibly your reputation.
Disagreements with patients
Despite your complete professionalism, you might be challenged on prescribed treatments or their long-term outcomes. It could be that a patient has an unexpected reaction to a drug, a treatment program is delayed and their condition worsens, or a family member claims you were negligent in diagnosis and treatment.
Keeping things running
Your key assets are your hands and your mind, but technology plays a big role too and if key diagnostic equipment breaks down, you won't be able to provide treatment to patients until it’s up and running again. While that happens, a patient’s condition may deteriorate and it could have a long-term effect on their health.
If you’d like us to match you to the specialist medical practice insurance providers best suited to your needs, we’ll need a few details about what you do.Get started
Key types of insurance for medical professionals
Medical malpractice insurance and public liability insurance can be helpful for medical professionals. So, we have combined them into one product – professional, treatment and public liability insurance. Though we talk about them separately below, professional, treatment and public liability insurance is a combined cover with one combined limit. You can get public liability cover as a medical professional by purchasing this combined cover. Contact us for more information about Hiscox business insurance products.
A specialist profession like yours needs a specialist provider. We work closely with a large network of trusted providers to make sure we can refer you to the experts in your field.Get started