Anesthesiologists are responsible for evaluating, monitoring, and supervising patient care before, during, and after their treatment. As a part of the anesthesia team at a hospital or clinic, there are a lot of responsibilities that anesthesiologists must carry.
They play a direct role in ensuring optimal patient safety and recovery, which makes their jobs risky. From the client information to the equipment and medication they administer, the smallest errors and miscalculations can have severe impacts on the patient’s well-being. These mistakes can result in financial setbacks that are extremely hard to recover.
At ALIGNED, we ensure that every business and person that needs insurance can get the protection they deserve. We help you find custom insurance policies that meet your needs and operational risks.
Why is Anesthesiologist Insurance Important?
The healthcare industry is heavily regulated to reduce the risks of errors as much as possible. Because any negligence directly impacts the health of individuals, anesthesiologist insurance is important to ensure that hospitals and clinics are protected against lawsuits and claims in events like:
- A patient can have allergies or pre-existing conditions that cause an adverse reaction to the anesthesia.
- A side-effect of anesthesia, like dizziness, can cause the patient to injure themselves.
- The equipment that anesthesiologists operate can cause property damage or injuries.
Regardless of how well-trained and experienced you are as an anesthesiologist, you can never be too cautious when it comes to liability. That’s why having a customized insurance policy is important to protect yourself and the clinic from these risks.
What Does Anesthesiologist Insurance Include?
Your anesthesiologist insurance is personalized to your requirements and coverage needs. Here are some common coverages in anesthesiologist insurance policies.
Commercial General Liability Insurance – also called CGL insurance, provides coverage for injuries, bodily harm, and property damages occurring to a third party during your business operations. For example, if a patient is injured, you are covered for lawsuits, losses, and medical expenses.
Commercial Property Insurance – anesthesiologists rely on their equipment and tools to operate successfully. It’s important to ensure your assets are protected in the event of a fire, vandalism, flood, or other insured peril or natural accident beyond your control.
Professional liability insurance – also called medical malpractice insurance or errors & omissions insurance, professional liability insurance provides coverage for claims of negligence, misconduct, errors, and more that result in an injury or death while under the anesthesiologist’s professional care.
Find the Right Anesthesiologist Insurance Policy from ALIGNED
ALIGNED works with Canada’s top insurance companies to provide custom insurance packages at affordable prices. Contact an ALIGNED commercial insurance specialist for a free quote, or use our free online tool.
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