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20 Feb Professional Liability Insurance for X-Ray Technologists
The medical industry is specializing more and more into different third-party businesses that offer separate and distinct services to patients. While this decentralization of medical services allows small companies to specialize in one or two particular niches, it also means that medical service providers that were once covered by a hospital’s insurance or the insurance of a larger corporation are now required to provide their own insurance coverage. Like with all aspects of health insurance, your coverage as a small business providing medical services is facing continual change and new challenges. Having excess liability insurance to protect your company in the event of a claim or lawsuit is more critical than ever.
What additional insurance coverage should you have if you are an x-ray technologist working as a contractor or as the owner of a small business?
Professional liability insurance, also referred to as errors and omissions insurance, protects you in the event of a negligence claim. While your business may not offer specific products, if you are a professional who provides a service or advice, your customers can file claims and civil lawsuits against you for alleged failures to perform. These claims and the associated legal costs are not always covered by a general liability insurance plan due to the indirect nature of the claimed harms. Not only can it be absolutely essential to have specific professional liability insurance coverage for the sake of financial stability, some states require this liability insurance depending on the exact nature of the services and advice you provide.
Having excess liability coverage that specifically targets malpractice and negligence claims gives you additional security and time to focus on your business itself.
If you’d like to learn more about why Evolution Insurance Brokers is a preferred provider for x-ray technicians and specialists, please contact us. We’re here to help you find the right elements of coverage for your business’s array of services, coverage requirements, and insurance concerns.