Insurance for Medical Centers

Get a Free Quote Now

Whether you operate a multi-specialty clinic, urgent care center, outpatient diagnostic facility, or comprehensive medical hub, the right insurance program is essential to protect your patients, staff, and operations from diverse healthcare liabilities.

Homewood Insurance Group partners with top carriers to deliver tailored General Liability and Professional Liability coverage for medical centers at competitive rates.

Contact us today for a fast, no-obligation quote customized to your center.

Insurance for Cancer Treatment Centers can include:

Malpractice or liability insurance can provide essential protection against these risks:

1. Professional Liability (Malpractice) Insurance

   1. Coverage for diagnostic errors, misdiagnosis, delayed diagnosis, or interpretation failures in labs/imaging.
   2. Protection against treatment and procedural negligence, including medication errors, wrong-site procedures, or adverse outcomes.
   3. Liability for inadequate monitoring, follow-up, or referral delays leading to worsened conditions.
   4. Claims involving informed consent failures or communication breakdowns about risks/results.
   5. Defense for infection control lapses, hospital-acquired conditions, or privacy violations (HIPAA-related).
   6. Coverage for multi-specialty services, telemedicine consultations, or off-site screenings.
   7. Optional extensions for urgent care procedures, minor surgeries, or shared physician coverage.
   8. Policy limits typically up to $1,000,000 per claim / $3,000,000 aggregate, with prior-acts and tail options.

1. General Liability Insurance

   1. Third-party bodily injury coverage for slip-and-fall incidents in waiting rooms, exam areas, or parking lots.
   2. Protection for injuries to patients, visitors, or vendors from premises hazards or equipment.
   3. Property damage liability for accidental harm to patient belongings or leased spaces.
   4. Personal and advertising injury coverage, including defamation or non-HIPAA privacy claims.
   5. Coverage for multi-suite operations, mobile units, or community events.
   6. Cyber liability endorsement for data breaches in electronic health records.
   7. Sexual Abuse and Molestation (SAM) coverage, often with sub-limits, for patient interaction allegations.
   8. Standard limits commonly at $1,000,000 per occurrence / $3,000,000 aggregate, with umbrella for high-volume centers.

⬆ Back to contents

Why do Medical Centers need Insurance?

The complexity of medical care, coupled with the inherent risks of clinical procedures and the high expectations of patients, exposes medical centers to various risks and potential lawsuits. Here are key areas where they are vulnerable to being sued for malpractice:

1. Diagnostic Errors: Misdiagnosis or delayed diagnosis can lead to incorrect treatment, lack of necessary treatment, or unnecessary treatments, all of which can significantly impact patient outcomes and lead to malpractice claims.
2. Treatment and Procedural Errors: Errors during medical or surgical procedures can result in patient harm, complications, or even death. This includes surgical errors, incorrect medication administration, and failure to manage complications effectively.
3. Inadequate Patient Monitoring and Follow-up: Failing to monitor a patient’s condition adequately or to provide appropriate follow-up care can lead to deterioration of the patient’s health condition, potentially resulting in claims of negligence.
4. Failure to Obtain Informed Consent: Healthcare providers must ensure that patients are fully informed about the risks, benefits, and alternatives of proposed treatments or procedures. Failure to obtain proper informed consent can lead to lawsuits if patients experience adverse outcomes they were not adequately warned about.
5. Infections and Hospital-Acquired Conditions: Patients who acquire infections or other conditions (e.g., pressure ulcers, falls) while in the care of a medical center can lead to claims of inadequate care or sanitary practices.
6. Medication Errors: Mistakes in prescribing, dispensing, or administering medications can have severe consequences, including allergic reactions, adverse drug interactions, and overdoses, leading to potential malpractice claims.
7. Breach of Confidentiality and Privacy Violations: Unauthorized disclosure of patient information, whether accidental or through a data breach, can lead to lawsuits for violating patient privacy rights.
8. Failure to Refer or Delayed Referral: Not referring a patient to a specialist when necessary, or delays in such referrals, can exacerbate a patient’s condition and may be viewed as a failure to provide the standard of care.

Malpractice or liability insurance provides financial protection against claims of negligence or malpractice, covering legal defense costs, settlements, and judgments. For medical centers, this insurance is crucial for mitigating the financial and reputational risks associated with the provision of healthcare services.