Insurance for Medical Offices and Practices

• General liability insurance – Provides protection for a medical office or healthcare practice against third-party claims, including accidental property damage and bodily injury.

• Property insurance – Helps cover office space, along with medical equipment, furniture and supplies, if there’s a fire, theft, vandalism or certain natural disasters.

• Business income insurance – Helps replace lost income if a covered business interruption disrupts operations of a medical office or practice.

Smart add-ons for enhanced medical practice protection

• Commercial auto insurance – Covers vehicles used for business, like patient visits or transporting lab samples. Includes options for rented or non-owned vehicles.
• Cyber liability insurance – Helps respond to data breaches from telehealth or electronic health records risks, covering costs like recovery, notifications and HIPAA-related penalties.
• Employment practices liability – Covers claims from staff like discrimination, wrongful termination or harassment. Includes sublimits for immigration and expense coverage.
• Equipment breakdown coverage – Covers repair or replacement of vital medical equipment – like X-ray, imaging or diagnostic systems – due to mechanical or electrical failure.
• Umbrella insurance – Adds extra liability protection when a covered claim exceeds the limits of core policies.

Optional coverages tailored to the medical industry

In the ever-evolving landscape of healthcare, medical offices may require insurance solutions that go beyond standard business policies. These solutions are designed to help medical practices elevate their protection.

• Medical Dental Premier – Offers access to 40+ tailored property and income disruption coverages designed for medical practices that go beyond standard policies. This option includes a $350,000 blanket limit to cover events like spoilage of medical supplies from a power outage.
• Xtend Endorsement^® – Helps healthcare practices maintain strong business relationships with landlords, vendors or referral partners. The Xtend Endorsement includes 12 general liability coverage enhancements, extension of coverage to unnamed subsidiaries (other than partnerships and joint ventures) and a blanket waiver of subrogation that protects trusted business partners from recovery of damages.

Fast fact:

With 60% of firms having been victimized by a cyberattack more than once,³ Travelers delivers when it matters most – covering costs like data recovery and legal fees. Learn more about the risks and actions to take with the Travelers Cyber Risk Index.

How are medical practice insurance costs calculated?

The cost of insurance for medical practices depends on various factors. A solo healthcare practitioner will typically have different insurance costs and needs than a practice with multiple healthcare providers, employees and a leased or owned office space. Additional considerations may include:

• Types of medical services offered and associated risk levels.
• Prior claims history, which may impact premiums.
• Cyber risk exposure based on data security measures in place.
• Annual revenues and number of employees.
• Value of business assets requiring property insurance coverage.

Talking to a Travelers representative can help medical practices make informed decisions about their specific coverage requirements and costs.

Why choose Travelers for insurance for medical offices?

With responsive claim support, digital tools and tailored coverage, Travelers helps protect the medical practice professionals worked hard to build.

• 24/7 claim reporting
  File claims anytime online or by phone, with support for guidance through the process.
• Expert loss consultation 
  Get proactive information on whether to file a claim – even before deciding to file a claim.
• MyTravelers^® for Business ­­
  Easily manage policies, pay bills and track claims through our secure online portal.
• Flexible payment options 
  Choose monthly billing with no fees or use TravPay® to align workers comp premiums with real-time payroll.

Protect healthcare businesses with medical practice insurance

Employees’ mental health and the rising cost of medical care are among the top concerns for medical practices. With comprehensive coverage options designed for medical offices and practices, Travelers helps protect businesses so they can focus on the well-being of employees and provide exceptional care for patients.

Discover how Travelers’ insurance coverage and proven track record of claim success help medical professionals build resilient, thriving practices.

Contact a Travelers agent to learn more and get a quote.