Short, simple, and informative review of insurance coverages for medical offices. Learn about different insurance products for offices, malpractice, HIPAA info, and medical billing errors

1. MEDICAL
OFFICE COVERAGES

2. This is a short review over many insurance coverage parts necessary to a
doctor’s practice. Not all apply, and there are other coverages that may not be
listed in this short review. Remember, not all insurance policy coverages read
the same. If you would like help reviewing insurance policy info, contact us at
John Bailey Company.
INTRODUCTION
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3. BUSINESS OWNERS
POLICY
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4. PERSONAL INJURY
LIABILITY
CONTRACTUAL
LIABILITY
INDEPENDENT
CONTRACTORS
PREMISES
LIABILITY
PRODUCTS
LIABILITY
OPERATIONS
LIABILITY
COMPLETED
OPERATION
LIABILITY
ADVERTISING
LIABILITY
COMMERCIAL GENERAL LIABILITY INSURANCE
provides
coverage
for:
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5. BUILDING
Insuring the structure
PROPERTY INSURANCE
BUSINESS INCOME
BUSINESS CONTENTS
Business Property inside building
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6. AUTO INSURANCE
HIRED INSURANCE
Liability for Insurance for rental
vehicles used in business
HIRED PHYSICAL DAMAGE
Physical Damage for Rental Car and
sometime loss of use is covered up
to specific amount.
NON-OWNED INSURANCE
Liability for vehicles used, but not
owned by the insured entity.
SCHEDULED AUTOS
owned by Practice
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7. Employee Dishonesty/Inside and Outside Crime/Etc..
many crime coverages exist.
CRIME
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8. Wage replacement and medical
benefits coverage for employees
injured on the job. Also includes
long term disability benefits.
WORKERS COMPENSATION INSURANCE
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9. UMBRELLA POLICY
Includes extra liability coverage
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10. 09
Protects professionals who give advice or
work in professional service industries
PROFESSIONAL LIABILITY (E&O)
INSURANCE

11. Coverage for defense costs, fines, and penalties arising out of
regulatory action alleging billing errors, HIPAA, EMTALA, and STARK
violations.
Medical Billers & Coders
Regulatory Coverage
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12. Protects against wrongful acts or
decisions made by a Board of
Directors.
DIRECTORS AND OFFICERS INSURANCE
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13. Protects the business against allegations from employees for
wrongful termination, sexual harassment, discrimination, invasion
of privacy, false imprisonment, breach of contract, emotional
distress, and wage and hour law violations.
EMPLOYMENT PRACTICES LIABILITY INSURANCE
(EPLI)
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14. CYBER LIABILITY
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Provides coverage for liability damages,
governmental action and fines due to loss of
Personable Identifiable Information (PII), credit
cards (PCI), and Protected Health Information
(PHI) data. This policy also provides restoration of
business from down time when a breach occurs
including extra expense to remain functional, lost
time, lost monies, and lost business. It also
protects a client’s website and social media
efforts.

15. Coverage for things like Social Engineering and wire
transfers.
CYBER CRIME POLICY

16. ERISA bond stands for Employee Retirement Income Security Act.
This type of surety bond is a form of insurance that protects
employees against fraud or unethical actions.
ERISA BOND
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17. KEY MAN LIFE INSURANCE
Disability Insurance

18. GROUP INSURANCE FOR
THE OFFICE
(Health, Dental, Life, etc..)
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19. QUESTIONS
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20. (865)524-0785
brandon@johnbaileyco.com
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