Business Property Liability & Umbrella Insurance From Scottsdale, AZ

Insurance for your Medical Office

Commercial Umbrella - Insurance for your Medical Office

Did you know that you can increase your limits of liability or purchase a separate Business Umbrella insurance policy to gain greater protection for your business? There are two options available: You can either increase the general liability limits on your Business Owners policy for approximately $75-$150 or purchase an Umbrella policy for $400-$500 per million of additional coverage. Pricing will depend on your current coverage and carrier. 

Products Liability Coverage – Insurance for your Medical Office

Supplements and Nutritional Products

Consider the time and research you put into determining what supplements and nutritional products are suitable for your practice and your patients. No less consideration should be put into what medical office insurance coverage you select to protect your practice and investments.

Are the products that you use or sell in your practice covered under the products liability coverage that can be automatically included in the commercial general or business property liability section of your medical office's insurance policy? To determine if they are covered under your medical office insurance policy, here are two main questions you should ask yourself (and give the answers to your broker!):

1. Do I manufacture the products?

2. Do I re-label the products?

If you answered “yes” to one or both of these questions, then we should discuss purchasing a separate policy to adequately provide products liability insurance for your Medical Office.

Spoilage Coverage – Insurance for your Medical Office

Vaccines, Supplements, Nutritional and Other Products

Do the vaccines, supplements, nutritional and other products you have in your medical office require specific temperatures or humidity control? If so, does your medical office insurance policy provide coverage if those controls are not maintained due to a covered cause of loss. Or, do you have enough property liability insurance coverage to replace the products in the event of a loss? Then, what are those covered causes of loss? Consider these questions and the amount of investment you have put into bringing such valuable products into your medical office.

Spoilage coverage is available by most insurance companies as an endorsed coverage extension on your medical office insurance policy. Therefore, make certain to discuss these products with your insurance broker to determine if, how much and due to what type of loss coverage is provided by your medical office insurance policy.