Medical Malpractice Insurance for Urgent Care Clinics
Your Medical Malpractice Specialists
Healthcare delivery will continue to evolve annually and the utilization of urgent care facilities has become the preferred means for several seeking assistance. While some prefer to maintain the traditional relationship with a family physician, others are looking for the efficiency an urgent care facility offers. While sometimes limited in scope an urgent care facility can address several needs of the community and are an integral part of the service model.
Why do you need medical malpractice coverage for your Urgent Care clinic?
The cost of any medical malpractice claim for an urgent care clinic can be significant if no medical malpractice / professional liability coverage is in place. The costs of a claim include third party damages and legal defense costs as well as possible license forfeiture. The brand of both the clinic and the individual professionals involved in the claim can be stained for an extended period of time.
This holds true even if the urgent care clinic is not directly responsible for a claim. In today’s litigious environment, plaintiff attorneys could include several parties in a suit that, even if found not negligent, could incur a significant legal defense bill. In some cases, an Urgent Care facility could quickly assess an injury not able to be addressed at the facility, make a referral to a proper service provider, and still be named in a lawsuit.
Why is the right coverage important?
As with most health care offerings, an uncovered claim can lead to capital strain and reputational damage while having long-lasting effects.
It is necessary that urgent care clinics and other efficient service providers procure a policy that addresses the unique services being offered which can vary greatly.
Carriers are familiar with these clinics and some are more comfortable with he full suite of services than others. It is necessary to ensure the policy matches the suite of services and staffing models of the facility.
Get a Quote
How much will medical malpractice for Urgent Care services cost?
The cost of insurance for an Urgent Care clinic depends on a variety of factors. These factors include, but are not limited to, the number of annual patient visits, the experience of the staff employed, the geographic location of the operation, the scope of services being offered to patients, and the claims history of the facility and professional staff.
Further, underwriters will evaluate if urgent care offerings has any separate profit centers that fall outside of the traditional scope of a facility.
All of these factors come together to allow underwriters to determine first, if they will entertain and quote the risk, and, second, how much they will charge for coverage for an Urgent Care operation.
How can a provider reduce the cost of medical malpractice for Urgent Care services?
Urgent Care facilities can best manage the cost of medical malpractice insurance by being proactive in risk management strategies while maintaining a clean claims history.
One of the first questions an underwriter will ask is “Have there been any claims?” For some carriers, an affirmation of claim activity could lead to a rejection of the application leading to reduced carrier competition.
A solid strategy in keeping a claims-free resume is to implement industry-based best practices for loss prevention and risk management. While urgent care facilities have been in operation for some time, there are still several resources and recommendations available to ensure a safe environment for both Urgent Care patient and Urgent Care staff..
How can Southeast Insurance assist in procuring medical malpractice / professional liability for my Urgent Care clinic?
Southeast Insurance has several product options that provide the customized terms for Urgent Care clinics with some having risk management support tools to aid in your endeavor.
We would be happy to answer your questions on this specialization. Please contact us by submitting the form below.
Get in touch with our team!
SouthEast Insurance, Inc
154 Porter Ave
Biloxi, MS 39530