The Health Care industry encompasses a growing number of services provided by specially trained and licensed professionals.
The nature of these services gives rise to unique and often difficult insurance and risk management situations. With over 40 years of experience in assisting For-Profit and Not-For-Profit providers of health care services to resolve insurance issues surrounding Professional and General Liability as well as Workers’ Compensation, Property insurance and specialized coverages such as Cyberliability, we can help.
With unexcelled access to insurance markets and products, we have been and continue to be a resource for those in Health Care Services.
Insurance for Hospitals
We have provided insurance for hospitals since 1970. Our long-term involvement with this health care segment gives us the experience to help hospital boards and administrators reign in the exposures and associated costs inherent in the hospital setting. With insurance premiums and the costs of managing Professional Liability exposures becoming one of the largest budget line items, our expertise and product knowledge can assist hospital Risk Managers and Administrators control exposures and costs.
Workers’ Compensation also presents unique exposures where considerable savings can result from creative insurance programs. Coupled with loss control programs, we have produced extremely positive results for our clients for many years.
With the proliferation of regulations affecting hospitals such as HIPPA and Sarbanes-Oxley, Boards of Directors and Officers and Administrators need the most comprehensive protection from financial loss available. Individual and Corporate Directors and Officers Liability, Fiduciary Liability and Employment Practices Liability can provide this protection when structured properly.
Insuring Physicians and their Practices
Sole practitioners as well as small or large practice groups can benefit from our insurer contacts when seeking the broadest protection at the most competitive pricing. Occurrence or Claims-made forms are available; part-time or full-time rates, too. While Medical Malpractice usually gets the most attention, we also provide complete protection in the areas of General Liability, coverage for specialized medical equipment, office property and loss of income protection.
Insurance protection for Diagnostic and Treatment Centers
Today, medical services are increasingly provided through specialized stand-alone facilities, such as MRI and Radiology services, Dialysis Centers, Surgicenters and Ambulatory Care facilities and Urgent Care facilities. These facilities face similar liability issues as the traditional physicians practices and hospitals they replace.
Our healthcare specialists can tailor an insurance program to your exact needs, providing robust protection against the specific risks that are important to your facility.
The Signature B&B Companies (TSBBC) offers pharmaceutical companies innovative insurance products designed to protect their property by providing industry-specific enhancements, surpassing the coverage of standard property policies.
These would include contamination from a variety of causes, condemnation of stock by governmental authority and changes in controlled environment resulting in loss or damage to perishable property due to spoilage, decay or deterioration.
Products Recall insurance can meet a critical risk management need, indemnifying you for costs incurred in recalling or withdrawing products. such as:
- The cost of examination and replacement of a recalled product
- The cost, where feasible, of rehabilitating the product to reestablish reputation
- The cost of destroying a recalled product
Insurance coverage for Home Health Care Providers
Home Health Care plays a vital role in the lives of many of our family members and colleagues and represents a true public/private partnership that has thrived in an age of escalating in-patient health costs. As a core specialty, related to our healthcare expertise, home healthcare provides special challenges for both proprietary and non-profit providers.
We have been deeply involved in all areas of employee benefits, particularly health insurance and retirement planning. We have found great success offering our clients alternatives to union sponsored programs for the organized agency. Finally, we will tailor commercial insurance, workers’ compensation and risk management programs to the special needs of your organization.
With a large staff working off-site, workers’ compensation, in particular, represents a significant cost for most agencies. We will work with you and your carrier to set up best practices to minimize losses, and to manage and mitigate claims.
THE SIGNATURE B&B COMPANIES
501 Franklin Avenue, Suite 218
Garden City, NY 11530
(516) 764 - 1100
(516) 872 - 2300
(516) 764 - 1019
THE SIGNATURE B&B COMPANIES
555 Taxter Road, Suite 125
Elmsford, NY 10523
(914) 948 - 2628
(914) 948 - 2843