Business Insurance for the Healthcare Industry
Healthcare facility insurance
The healthcare industry must confront an evolving landscape of risk that includes changing business models, technological innovations and regulatory reforms. These challenges can impact productivity, customer relationships and financial goals. Customized healthcare facility insurance solutions can help hospitals, clinics, physician medical offices, senior care centers, and other healthcare facilities, assess and mitigate these risks, allowing them to pursue their primary mission: delivering high-quality medical care.
For more information, contact:
Kate Bernay
Head of General and Developing Industries
U.S. Middle Market
Mobile: 610-308-0043
kate.bernay@zurichna.com
Learn more
View our resources for insurance solutions for healthcare
Why choose Zurich for Healthcare Industry Insurance?
Zurich offers an integrated approach to help healthcare customers respond to the full scope of risks. Our Underwriting, Claims and Risk Engineering specialists have years of industry experience serving a wide range of healthcare customers, including hospitals, medical clinics, and senior care providers.
We offer:
- Dedicated, experienced underwriters
- A consultative approach to help identify risks and provide the right mitigation plan
- Flexible and specialized coverages designed for healthcare facilities
- Robust Risk Engineering capabilities
Targeted healthcare industries
Coverage is available for businesses including, but not limited to:
Medical Clinics and offices
Hospitals
Skilled nursing facilities
Outpatient facilities and services
Whether you’re a large for-profit hospital or main street clinic, Zurich has a proprietary property form to fit your risk exposure.
Zurich Property Portfolio Protection (PPP)
An industry-leading property form built for the middle market customer, Zurich’s PPP provides broad and flexible coverage with simplified language.
- Real property does not exclude insureds interest in:
- Underground pipes, flues, drains and foundations of buildings, machinery or boilers
- Paved surfaces
- Personal property includes:
- Personal property of others in your care, custody
- Finished Stock and Merchandise sold but not delivered at Selling Price
- Better GreenTM – coverage to rebuild to the same or higher green standard automatically included via sublimit after a covered loss
- Worldwide Mobile Communications Property
- Flexible Accounts Receivables, Valuable Papers, Computer Systems and Fine Arts limits
- Combined Business Income and Extra Expense Form with no deductible for Extra Expense
- Flexible Extended Period of Indemnity options
- Unscheduled Locations time element coverage sublimit included in base Business Income with Extra Expense Form
Zurich Edge II
For customers with larger and more complex risks, Zurich Edge II is built to be broadly customizable. Zurich Edge II offers two proprietary “all-risk” healthcare forms, Zurich Edge II Domestic Healthcare and Zurich Edge II Global Healthcare. Both forms are written in easy-to-understand language and simplified formatting, with the flexibility customers have come to expect from Zurich
Auto coverage to protect against third-party liability and property damage for owned fleets and non-owned and hired vehicles.
Broadening endorsements include:
- Loan / lease gap
- Employees as insureds
- Fellow employee
- Hired car loss of use
- Hired auto-worldwide coverage
- Waiver of subrogation when required by contract
Zurich provides options designed to get your workforce back to work quickly and safely.
- Loss-sensitive deductible programs available
- Flexible payroll reporting options
Zurich’s Cyber Insurance Policy helps address the cyber risks customers face. Our product helps customers respond rapidly to the impacts of cyber attacks, with advice and help from dedicated cyber risk professionals.
Specialized Healthcare Facility Coverages
In addition to the many traditional insurance coverages needed by most businesses, Zurich can provide specialized insurance coverages tailored to the needs of healthcare facilities, including:
- Decontamination Expense
- Mobile Medical Equipment
- Patient Evacuation
- Radioactive Contamination
Risk Engineering
Through Zurich Resilience Solutions (ZRS), we provide specialized insights and tools to support our customers with solutions addressing traditional and evolving risks – above and beyond insurance. ZRS has been created to address a rapidly changing risk landscape, with a new, truly holistic approach to supporting our customers’ risk management and helping build their resilience. Combining our close relationship and in-depth knowledge of our customers’ operations with our industry expertise, ZRS is a key exponent of our promise to build a brighter future together, with existing and new customers.
In addition to the services of a dedicated Risk Engineering Services Coordinator, Zurich Resilience Solutions can provide a suite built to address the most frequent and severe risks facing healthcare facilities businesses, including:
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Zurich Claims
Having the right Claims professionals and programs in place to serve healthcare customers can help reduce total cost of risk and drive ongoing, sustained savings.
Consistent, knowledgeable, and responsive point of contact:
- Claims Specialists by line of business
- Industry specialization
- Expertise; professionals average over 15 years of experience across all lines of business
- Claims acknowledgement within 24 hours
Team approach that includes Claims Servicing, Underwriting and other experts:
- Medical professionals on staff
- Dedicated recovery service
- Fraud protection
- Access to data
Digital Solutions:
- Transparency throughout the claims process
- Ability to follow the status/progress of a claim digitally
- Loss notification transformation
- Access to immediate loss runs
FAQs
Healthcare industry companies that should consider commercial insurance for protection include:
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