Malpractice Insurance for Businesses

What is Malpractice Insurance?

Malpractice insurance – also called professional liability insurance – protects your healthcare business and team from legal claims tied to patient care. Whether you’re a solo practice or have a small team, this coverage is essential.

It safeguards your company’s finances, your providers’ licenses, and your professional reputation if a patient files a claim.

How can Malpractice Insurance be beneficial?

• A patient sues your clinic for a miscommunication involving multiple providers — your group policy covers all named parties.
• You hire a part-time contractor and want to ensure they’re covered under your business’s liability.
• A mistake happens during a busy clinic day, and your front desk staff is also named in a claim — some policies allow staff to be added.
• You want to streamline paperwork, audits, and compliance with a centralized policy.
• Protection for your reputation — many policies include media response and crisis management if claims go public.

What to Look for in a Malpractice Insurance Policy

• Entity + Individual Coverage: Ensure both the business and providers are named on the policy.
• Claims-Made vs. Occurrence: Consider how your business will grow — occurrence policies provide long-term peace of mind.
• Policy Limits per Provider: Verify how limits are shared or split across providers.
• Coverage for Staff: Some policies allow you to add admin or support staff.
• Tail Coverage for Departing Staff: Protects your business from future claims tied to former employees.
• Scalability: Can you easily add providers or adjust limits as your business grows?