Florida Medical Office Insurance quote and information.

1. How do insurance companies define Medical Office?
2. What risk exposure do Medical Office have?
3. What is the price of Medical Office insurance?
4. Is insurance for Medical Office required in Florida?
5. What coverages are common to Medical Office businesses?

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How do insurance companies define Medical Office?

Doctors and physicians deal with the overall medical health and physical concerns of their patients. Some are general practitioners, working with patients of all ages on routine health matters such as preventive medicine. These often act as primary care doctors who pre-screen patients according to their symptoms, prescribe medication for common ailments, and refer patients in need of more serious medical evaluation and intervention to specialists. Florida doctors who are specialists have advanced education and training in a particular medical specialty, such as cardiology, gastroenterology, or neurology. Most doctors work from their own private offices and either a hospital or clinic to which they refer patients or use for laboratory tests, surgery, and post-operative care. Property exposure is very light for fire and crime. Most property items are best covered with the physicians and surgeons inland marine floater. The business interruption exposure can be minimized if the doctor has arranged for temporary facilities with another doctor.

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What risk exposure do Medical Office have?

• Property Exposure from fire comes from the oils, solvents, or other flammables which must be properly labeled, stored and separated. Welding exposures are often a part of the operation and need to be evaluated for proper handling of the tanks and gases, as well as adequate separation from the other operations with either a separate room or flash/welding curtains.
• Inland Marine Exposure is the physicians and surgeons floater items. This coverage will include items that the doctor may take off site to handle emergencies. It can also be extended to include all office furnishings. A doctor’s office will generally include sophisticated computer and medical equipment, especially if the doctor is a specialist in a particular medical field. All electrical wiring must be up to code and equipment properly maintained. A small fire, which produces smoke, can cause a lot of damage because of the need for sterile equipment. Additional Florida exposures include accounts receivable and valuable papers and records (patients’ records and medical research books). It is vital that duplicates are kept of all records and programs and that they be kept off site.
• Crime Exposures is from employee dishonesty of both money and inventory. All ordering, billing and disbursement must be handled by separate individuals. Monitoring must be constant.
• Premises Liability exposure is light, but the customer areas should be neat with no obstructions and well lighted when people are traveling to and from the examination area. If surgery is performed, the area must be kept sterile at all times and carefully controlled. The Florida patients’ area must be designed for patients who are physically impaired following the surgery. Escort procedures must be clear for all personnel.
• Professional Exposure are a primary concern. All doctors and all employees should be well trained, experienced, and properly licensed. The more types of procedures that the doctor performs, the more chance of professional loss. Needles and other equipment must be sterilized and sanitized to prevent the spread of blood-borne infectious diseases such as hepatitis, HIV and AIDS. On-site surgery must be closely monitored, with an experienced trained individual administering and monitoring the use of the anesthetic.
• Automobile Liability exposure is generally limited to hired and nonownership liability for employees running errands unless the staff travels to client locations. In that case, the radius of the area driven as well as the age, record, and training of the driver should be checked. Overall, however, the exposure should be relatively light.
• Workers Compensation Exposures is from possible transmission of disease from a patient. Gloves and masks should be worn at all times when working around any bodily fluids. If Florida employees travel to patients’ residences there should be monitoring procedures in place that includes emergency backup. Unruly or unpredictable patients can cause harm including strains, back injuries and contusions.

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What is the price of Medical Office insurance?

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Is insurance for Medical Office required in Florida?

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What other insurance should a Medical Office consider?

Commercial Property, Employee Dishonesty, Money and Securities, Accounts Receivable, Computers, Physicians and Surgeons Floater, Valuable Papers and Records, General Liability, Professional, Employee Benefits, Umbrella, Commercial Auto, Workers Compensation