Phlebotomy group liability insurance, also called malpractice insurance, professional indemnity, or errors and omissions insurance, is vital to your business’s longevity should you, your employee, or your full practice be named in a malpractice lawsuit.
Even if you did nothing wrong, the out-of-pocket costs for legal defense is expensive. CM&F provides comprehensive malpractice insurance for phlebotomist groups that protects your business’s financial stability and reputation from the damages of lawsuits resulting from negligence, errors, or undelivered services. Additionally, CM&F’s phlebotomy clinic professional liability insurance also covers Legal Defense costs as well as the payment of any Court Award or Settlement.
In the interest of providing the most comprehensive coverage possible, CM&F’s malpractice insurance for phlebotomy groups fluctuate with the relevant laws that dictate scope of practice. Should the scope of practice for the insured change, your policy automatically includes those changes, so you never have to worry about a gap in patient care services covered.
All CM&F phlebotomist group malpractice insurance policies include workplace liability insurance to provide coverage for claims of bodily injury or property damage brought by patients. Additional general liability coverage is available as an add-on in the application process.
Phlebotomy Group General Liability
General liability insurance is vital to any business. CM&F’s phlebotomy group general liability insurance provides coverage for claims of property damage as well as bodily injury that occurs in the facility where services are provided. Additional claims covered by general liability insurance include wrongful eviction, libel, false arrest, advertising injury, as well as malicious prosecution.
General liability insurance for phlebotomist groups is available as an add on to your professional liability insurance policy. Also, landlords & equipment lessors coverage can be added to your general liability insurance policy at no extra cost.
Phlebotomy Group Cyber Liability Insurance
As the world becomes more and more technologically dependent each day, cyber liability insurance for phlebotomy practices is extremely important to protect your business and it’s reputation.
Due to the costly repercussions of a cyber hack or patient data breach, over 60% of small to medium size practices are forced to go out of business. The cost of notifying patients averages $460 per individual, per hack – more than triple of what it costs for a retailer to notify their customers that a cyber security incident which has occurred.
CM&F’s patient data theft insurance for phlebotomists is an optional coverage available to you whether you have a professional liability policy or not. Get a quote for cyber liability insurance protection.
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