As the holiday season kicks off with Black Friday and Cyber Monday, most people are focused on snagging deals on tech gadgets, gifts, and more. However, amidst the holiday rush, there’s one investment you shouldn’t overlook: your professional liability insurance.
Healthcare professionals dedicate their lives to caring for others, and with that responsibility comes the need to protect themselves from the inherent risks of their profession. This holiday season, consider how securing or renewing your professional liability coverage can be one of the most valuable investments for your career.
No Deals, Just Long-Term Value
While there may not be a Black Friday discount on professional liability insurance, the long-term value it provides far outweighs any temporary holiday savings. It’s easy to be tempted by lower-priced competitors, but as a healthcare professional, it’s crucial to focus on more than just cost.
Why the Fine Print Matters
Not all policies are created equal. Lower premiums may come with limited sublimits and exclusions that leave you exposed. For example, some policies may fall short on covering licensing board complaints or providing sufficient defense coverage for malpractice claims.
Compare and Make Smart Choices
We encourage you to shop around, but remember to take a comprehensive view:
- Does this policy cover all aspects of my practice?
- Are the sublimits adequate for the risks I face?
- Will I have access to responsive, knowledgeable support if I need to file a claim?
At CM&F, we offer comprehensive coverage with competitive sublimits and exceptional customer service. Choosing the right policy means peace of mind, knowing you’re fully protected.
Consultative Protection Beyond Professional Liability
At CM&F, we understand that your needs don’t stop at professional liability. Our consultative approach helps ensure you’re protected from a range of risks, including cyberattacks and business disruptions.
Cyber Liability Risks
With the rise of telehealth and electronic health records, healthcare professionals handle vast amounts of sensitive patient data. During the holidays, cyberattacks often spike, targeting distracted organizations. Cyber liability insurance protects against breach notifications, legal defense, and even ransomware attacks.
Business Insurance for Unexpected Events
From theft to seasonal storms, Business Owner Policies (BOPs) cover property damage, lost income, and other liabilities, ensuring your operations stay protected.
Learn more about cyber and business insurance options.
Year-End Financial Planning
As the year comes to a close, it’s the perfect time to review your professional coverage. Are you adequately insured? Use our Financial Checklist for Healthcare Professionals to ensure you’re ready for the year ahead.
