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17 Sep Air Ambulance Insurance
Air Ambulance Insurance
Air ambulances can save lives during medical emergencies far off the beaten track and in the middle of cities when there’s no clear evacuation route to a hospital. But ambulance helicopters are also more costly than most patients can afford. This can leave your company in the middle of a payment dispute between your customer and your customer’s medical insurance provider, and that potentially means not getting paid on time. Between that risk and other liability concerns, your air ambulance services can be a risky business; reduce the chances of your business slowing down with a strong air ambulance insurance plan that includes the following components:
- Aviation liability insurance: Liability insurance for aircrafts not only protects your business in the event of a professional damages claim, but it can protect your finances in the event you face a claim for landing improperly, damaging property during landing or take-off, and other concerns for commercial aviation. Damages and legal procedures for aircraft-related claims can be costly and drawn-out, so make sure your business can keep running.
- Property insurance: While protecting your business assets such as your aircraft, medical equipment, and communications systems is one of the first things you think of when it comes to good property insurance, consider adding business interruption insurance to your policy. This plan can help cover your lost profits and operating expenses if your business ever faces a disaster like an air ambulance collision or a government-mandated closure of the business.
Having an air ambulance business can save lives that medical professionals couldn’t have otherwise reached, but sometimes the business itself can be just as challenging. If you want to talk to an insurance expert about your business’s risks and the coverage you need, contact Evolution Insurance Brokers here.