CHICAGO, Sept. 5, 2013 /PRNewswire/ -- As hospitals around the country continue to lay off employees and reduce worker hours, more and more allied health professionals are finding conditions perfect to launch an independent practice. And with self-employment comes a number of liability risks that healthcare professionals would not face as employees of larger organizations.
Historically, though, independent practitioners in allied health fields (including fitness trainers, nutritionists, massage therapists, and mental health counselors) have had difficulty securing the Professional Liability Insurance necessary to protect their practices from the costly risk of malpractice suits from dissatisfied clients. To address that coverage dearth, insureon, the nation's leading online agent for small and micro businesses insurance, announced this week new Professional Liability products for dozens of allied health professionals.
"Right now, it's a perfect storm of liability risks for independent healthcare practitioners," said Ted Devine, insureon's CEO. "In addition to hospital layoffs, the Affordable Care Act means that independent practitioners have much more responsibility for keeping patient information safe. That opens up a lot of potential for oversights and mistakes that could lead to expensive lawsuits."
Devine noted, too, that even the most careful healthcare providers might find themselves facing a Professional Liability lawsuit if a patient or client is dissatisfied with the results of their treatment. Insureon's Professional Liability Insurance provides coverage for expenses related to malpractice lawsuits, including attorneys' fees, court costs, and any settlements or judgments settled on, up to a policy's limits.
In many cases, Professional Liability policies are available to independent healthcare practitioners as part of a bundle with General Liability coverage, a combination that helps prevent gaps in protection. When in force, this insurance protects healthcare professionals who provide advice or counseling to patients from lawsuits alleging that their advice caused physical injury or financial loss.
Allied healthcare professionals interested in receiving a quote for Professional Liability Insurance for their practice can speak to an insureon agent at 800-688-1984 or complete an online application at insureon.com.
Insureon, the leading online business insurance agency for small business, specializes in serving the fast-growing micro-business sector, which includes the self-employed and companies with 10 or fewer employees. Insureon allows small businesses to apply online for insurance and receive multiple quotes from leading insurance carriers—completing in minutes a process that could otherwise take a week or longer. For more information, visit insureon's website.