You’ve dedicated your career to health and well-being. Health and wellness professional liability insurance provides you with the opportunity to safeguard your career! No matter how careful you are, mistakes can happen. When they do, it’s best to be prepared with health and wellness professional liability insurance. Although many employers provide broad liability coverage for their employees, it may not always be comprehensive enough to protect you in the event of a lawsuit. A dedicated health and wellness professional liability insurance broker can help you augment your existing coverage.

What does health and wellness professional liability insurance cover?

While you would never intentionally harm a client, you may still find yourself as a victim of a lawsuit. Even the best and most well-intentioned advice can lead to unintended adverse effects, leading to claims of negligence or malpractice. Health and wellness professional liability insurance protects you from claims ranging such as misrepresentations and good faith violations. Even if are not at fault, the cost of a skilled legal defense can jeopardize your financial security without the proper coverage. In some cases, your existing assets, such as your home or car, can even be at risk. Professional liability insurance protects what’s most important to you while also offsetting the costs of your legal defense.

If you are a health and wellness professional employed by a larger company, you present a group of set insurance risks. Although it can be tempting to forgo your own policy, ultimately it is the best way to protect your investment in your education and your career. Your employer’s insurance provider is obligated to look out for the company’s bottom line. Occasionally, this can mean their defense team may not have your best interests at heart if the case goes to trial. If you are forced to assume full personal liability, the cost of the judgment may exceed the coverage amounts your employer maintains for employees. In this case, you can be faced with high out of pocket expenses. With an individual professional liability policy, you are the highest priority for your insurance provider.

Why do I need a health and wellness professional liability broker?

Whether you’re working as a contractor or a mid-sized business, working with a health and wellness professional liability broker will help you ensure that you’ve selected the best coverage for your unique needs and risks. At Frankel & Associates, we evaluate possible policies based on a variety of factors such as premium costs, individual liabilities, business size and the providers previous claims response history. As a result, you’re able to save time and money by considering only plans that meet your requirements!

Selecting a health and wellness professional liability policy as an individual can be extremely time consuming and confusing. Obtaining accurate quotes requires speaking with providers directly, as well as providing dozens of personal, identifying details, only to receive a confusing term sheets and frequent follow-ups. When you work with a health and wellness professional liability broker, we evaluate your needs first. Every business is different, and the brokers at Frankel & Associates get to know yours before presenting you with policy options. Our focus is obtaining the best coverage for the right price, not upselling an expensive package. With our exceptional customer service, finding a health and wellness professional liability policy has never been easier!