Want to buy ONLINE Commercial insurance now?
Click HERE to get coverage now!
From walk-ins to community health centres to specialized healthcare, your medical clinic provides an essential service and faces a high degree of liability risk. Whether founded or baseless, claims of patient misdiagnoses, failing to act on laboratory results and personal injury can have a major impact on your practice and might be enough to force you to close your clinic’s doors. Medical clinic insurance provided by ALIGNED can offer holistic coverage that protects your clinic and its staff.
Medical Practice Insurance Basic Coverages
It goes without saying that a medical practitioners require Medical Malpractice Insurance. We provide medical malpractice insurance in two coverage options:
- Per Occurrence – that can cover you for events that took place while you were insured and after the policy has ended
- Claims-made coverage – which means the insurer on risk at the time when the claim becomes known responds. Click here for more information on claims made coverage, “run-off” and/or extended reporting periods or speak to ALIGNED Insurance Advocate.
Claims-made coverage is generally more cost-effective in the short-term and may require prior acts or tail coverage if you’re taking over another medical practice or are considering retirement in the near future.
Medical practices are also at an elevated risk of slip-and-fall and other personal injuries sustained by elderly, already injured or otherwise infirm patients. Commercial General Liability Insurance is standard coverage for businesses and medical centres of all designations. CGL insurance can not only provide protection from personal injury claims (unrelated to health care), but it can also protect your clinic from claims of property damage, libel/slander and false advertising.
Both medical malpractice and CGL insurance protect medical practices by providing:
- lawyer’s fees
- legal defence costs
- out-of-court settlements
- awards for damages
Get Comprehensive Medical Clinic Insurance with these Coverages
Commercial Property Insurance – can provide coverage for physical structures and medical and business equipment following a fire, flooding, sewage backup, vandalism and other named perils. As you provide essential medical services, you will likely need an extension that includes Extra Expense Insurance to cover the costs to relocate and set up a temporary clinic after an insured peril.
Umbrella Liability Insurance – umbrella liability provides coverage for costs of a claim that exceed an underlying policy’s limits and are commonly used in the healthcare industry because of the size of claims and judgements awarded in this field.
Cyber Liability & Privacy Insurance – cyber insurance can provide cover for the costs of restoring data and systems, ransomware demands and notification costs, among other expenses caused by a breach of your medical clinic’s network and records.
Employee Theft Insurance – unfortunately medical clinics are not immune to acts of theft or fraud by staff and need to protect themselves from the heavy losses that be experienced due to employee dishonesty.
Equipment Breakdown Insurance – can protect you from the costs associated with a breakdown of your highly sensitive and expensive medical equipment from specified perils such as electrical arcing, power surges and others.
Employment Practices Liability (EPL) Insurance – can provide cover in case of suits brought by current or former staff allege that they were the victim of harassment or discrimination at your medical clinic.
- Getting to Know Your Medical Practice Business Insurance Options
- Comprehensive Insurance For Small Medical Practice
- Medical Malpractice Insurance For Medical Establishments in Canada
- How Do I Insure A Virtual Care or E-Health Clinic In Canada?
- Medical Malpractice Insurance For Healthcare Providers in Canada
- Reducing Risk with Spa Clinic Insurance
- Professional Liability Insurance for Physiotherapists
- Diagnostic Imaging Centre Insurance
- Choosing the Best Healthcare Business Insurance For You
- Detox Treatment Facility Insurance
We are commercial risk management experts because commercial insurance is all we do
At ALIGNED, we specialize in commercial insurance and use the relationships we’ve built over the years with Canada’s top insurance companies to get our clients comprehensive medical clinics insurance at affordable rates. Contact an ALIGNED advocate to get a free quote in minutes or get started right away by using our free online tool.
We’re here to help you find the BEST commercial insurance…
Our team of insurance brokers is available to help answer any and all questions you might have about all of our commercial insurance products. If you have a question about business insurance, are uncertain about what a particular insurance coverage term means, or simply want to find commercial insurance that directly aligns with your needs, don’t hesitate to call us toll-free at 1-866-287-0448.
It’s time to get insurance value and choice aligned. Want Canadian business insurance that aligns with your bottom line? We can help. 365. Call us toll-free at 1-866-287-0448 or click to Get a Quote!
We’re ALIGNED across Canada. The ALIGNED Insurance National Operations Centre in Cambridge, Ontario supports our Toronto, Calgary and Vancouver offices. Our industry peers consistently recognize us as one of Canada’s best insurance teams. 100% Canadian owned, we are super proud to be one of the fastest growing insurance brokerages in the country.
We deliver e-news you can use. Get practical business insurance insights in your inbox every month. 19,000+ people subscribe to our free ALIGNMENT Matters e-news. Just click the JOIN OUR DISTRIBUTION LIST button – at the bottom of our homepage – to get connected.
365 | Get ALIGNED. Every day, Canadian business leaders read our insurance insights. Find us on LinkedIn, Twitter, Facebook, Instagram, LinkedIn and YouTube.