If you have been injured or experienced an accident at your workplace, you may need HPso liability insurance. This coverage will protect you against medical bills that exceed your policy limit, and other claims filed against your company by employees, the claims processor or the Claims Department. For example, if your company's fitness center suffers an injury, and you are the physical therapist assigned to the facility, you may be covered by the facility's liability policy, which will protect you from being forced to pay thousands of dollars out-of-pocket.
When deciding whether HPso is the right plan for you, it is important to first determine the scope of the coverage. Most policies will provide coverage for: physicians, pharmacies, dentists, podiatrists, chiropractors, nurses, emergency room doctors, surgeons, technicians, administrative and secretarial staff, office managers and sales and service staff. However, these are all broad categories - not a list of every employee or contractor who might come into contact with your business. There are also specific types of professionals such as registered nurses, pharmacy technicians, laboratory technicians and HVAC technicians that may be excluded from general liability coverage. Your State Medical Board can assist you in determining which professionals should be covered, and will also help you in calculating the level of liability coverage necessary for you to meet your legal and financial obligations.
Once you know the scope of your liability coverage, you should find the best companies to purchase it to ensure you get the highest possible rates. The cost of an HPso policy varies greatly depending on the type of coverage you select, the stated limit, and other factors such as whether you are purchasing it through an individual or group policy, and your projected total potential claim history. To help you determine the premiums you will pay, consider whether the actual dollar amount you could be facing in a given year is going to rise or fall. Some people may find that their actual liability exposure increases quite significantly if they make just one single malpractice claim, while other people may not see much change in their annual insurance costs if they work with a large number of small claims over time. If you know your annual anticipated costs, you will be better equipped to choose a company with lower premiums that offers the best coverage for your needs.
When looking for an HPso liability insurance provider, you should first ask other healthcare providers who may be able to recommend a good company. In addition to contacting local healthcare professionals, you can also look online for reviews of various companies and their rates. When reading reviews online, keep in mind that some reviews are written by employees who have actually received coverage from the company or provider, while others are written by clients who are not familiar with the company or service. Look for reviews that were specific to the services provided by the company, specifically focusing on how the healthcare provider performed during a specific time period. Read the comments from actual customers to learn more about the care they received from the company.
If you are a nurse, technician, pharmacy technician, doctor, or any type of medical professional who is engaged in a wide variety of health care professions, it is especially important to purchase an HPso professional liability insurance plan. There are many medical professionals who are considered to be engaged in a "hands-on" profession, such as nurses, aca's, and physical therapists. These professionals spend many hours performing tasks that include administering treatment to patients and assisting healthcare professionals with various activities. It is possible that an individual could become injured while performing these duties. Although there is no way to prevent accidents from happening, having coverage through a professional liability plan can help prevent excessive financial losses due to litigation.
According to the most recent estimates, an estimated reading time of one hour and thirty-five minutes out of every eight hour day is spent engaged in hands-on activities with healthcare professionals, according to the American Association of Professional Pharmacy Technicians (AAPT). If an individual spends this much time performing physical therapy, diagnosing, treating, and preventing health issues for patients, then it is likely that the individual would suffer an accident related to his or her work. As a result, it is very important to purchase an HPso liability policy so that if an accident occurs it will be possible to recover financially.
When deciding whether HPso is the right plan for you, it is important to first determine the scope of the coverage. Most policies will provide coverage for: physicians, pharmacies, dentists, podiatrists, chiropractors, nurses, emergency room doctors, surgeons, technicians, administrative and secretarial staff, office managers and sales and service staff. However, these are all broad categories - not a list of every employee or contractor who might come into contact with your business. There are also specific types of professionals such as registered nurses, pharmacy technicians, laboratory technicians and HVAC technicians that may be excluded from general liability coverage. Your State Medical Board can assist you in determining which professionals should be covered, and will also help you in calculating the level of liability coverage necessary for you to meet your legal and financial obligations.
Once you know the scope of your liability coverage, you should find the best companies to purchase it to ensure you get the highest possible rates. The cost of an HPso policy varies greatly depending on the type of coverage you select, the stated limit, and other factors such as whether you are purchasing it through an individual or group policy, and your projected total potential claim history. To help you determine the premiums you will pay, consider whether the actual dollar amount you could be facing in a given year is going to rise or fall. Some people may find that their actual liability exposure increases quite significantly if they make just one single malpractice claim, while other people may not see much change in their annual insurance costs if they work with a large number of small claims over time. If you know your annual anticipated costs, you will be better equipped to choose a company with lower premiums that offers the best coverage for your needs.
When looking for an HPso liability insurance provider, you should first ask other healthcare providers who may be able to recommend a good company. In addition to contacting local healthcare professionals, you can also look online for reviews of various companies and their rates. When reading reviews online, keep in mind that some reviews are written by employees who have actually received coverage from the company or provider, while others are written by clients who are not familiar with the company or service. Look for reviews that were specific to the services provided by the company, specifically focusing on how the healthcare provider performed during a specific time period. Read the comments from actual customers to learn more about the care they received from the company.
If you are a nurse, technician, pharmacy technician, doctor, or any type of medical professional who is engaged in a wide variety of health care professions, it is especially important to purchase an HPso professional liability insurance plan. There are many medical professionals who are considered to be engaged in a "hands-on" profession, such as nurses, aca's, and physical therapists. These professionals spend many hours performing tasks that include administering treatment to patients and assisting healthcare professionals with various activities. It is possible that an individual could become injured while performing these duties. Although there is no way to prevent accidents from happening, having coverage through a professional liability plan can help prevent excessive financial losses due to litigation.
According to the most recent estimates, an estimated reading time of one hour and thirty-five minutes out of every eight hour day is spent engaged in hands-on activities with healthcare professionals, according to the American Association of Professional Pharmacy Technicians (AAPT). If an individual spends this much time performing physical therapy, diagnosing, treating, and preventing health issues for patients, then it is likely that the individual would suffer an accident related to his or her work. As a result, it is very important to purchase an HPso liability policy so that if an accident occurs it will be possible to recover financially.
