Other Products

Business Office Packages:

The Business Owner’s Policy (BOP) combines two critical business/medical practice insurance coverages: Business Property and Business Liability. With one convenient policy, you’re protected against fire, theft, lawsuits and more. In addition, you can purchase optional coverages allowing you to tailor a policy that meets the unique needs of your practice, today and as it evolves.

Business Property Insurance

Business property insurance can help protect the property your business owns, leases or rents, including things like buildings, equipment, inventory, furniture and fixtures. It provides coverage for damaged computers and media and loss of accounts receivable records.

Business Liability Coverage

When it comes to liability protection, the broader the coverage the better. A BOP provides business liability insurance that covers your business in the event your business is responsible for causing harm to a person and/or damage to property. It also helps cover the cost of your defense.

Loss of Business Income

If unexpected events cause your operations to be suspended due to a covered cause of loss, a BOP will help replace any loss of income to help you meet your continuing financial obligations such as rent or payroll.

Worker's Compensation:

Worker’s compensation insurance is a no fault insurance program that provides statutorily required coverage for work-related injuries and can include rehab and lost wages. It also provides death benefits to dependents of workers who have died as a result of their employment.

 Worker’s Compensation Insurance provides the following benefits:

  1. Medical Benefits
  2. Temporary Total Benefits
  3. Permanent Partial Benefits
  4. Permanent Total Benefits

The idea behind worker’s compensation is simple. As an employer you pay for workers’ compensation insurance and in return your business is covered for work-related accidents. Worker’s compensation insurance is required by law in almost every state. Each state’s rules and requirements vary significantly. We can help you handle these and other details.

Employment Practices Liability Insurance:

If you’re a business that has employees, then you probably need insurance that helps protect you from employment related claims resulting from alleged or actual acts of:
  1. Discrimination

  2. Harassment

  3. Retaliation

  4. Violation of the Family Medical Leave Act

  5. Wrongful discipline

  6. Wrongful failure to promote

  7. Wrongful termination

EPLI defends the insured for any claims arising out of employment practices activities relating to:
  1. Wrongful demotion, discharge or termination of employment

  2. Employment-related misrepresentation

  3. Violation of employment discrimination laws

  4. Sexual and other harassment

  5. Wrongful failure to hire

  6. Negligent evaluation

  7. Retaliation

  8. Invasion of privacy

  9. Employment-related defamation or infliction of emotional distress

Cyber Security:

While there are several advantages of using Electronic Medical Records, practices that have already instituted EMR into their practices, or are in the process of doing so need to realize that there are also additional risks involved. Network Security issues, Data Recovery Costs and related HIPAA violation claims can result from a breach of network security and loss of patient information.

 To address this concern, one of the solutions practices can look into is purchasing PDSI (Privacy and Data Security Insurance). This relatively low cost insurance should seriously be considered by any practice instituting EMR.

Privacy and Data Security Insurance (PDSI):

  1. Network Security and Privacy Insurance Defends the insured for any claims arising out of a breach of privacy, virus attack, denial of service or HIPAA violation. The coverage is for electronic and paper-based information, and includes regulatory defense and the payment of regulatory fines or penalties.

  2. Patient Notification & Credit Monitoring Costs Insurance Coverage includes all necessary legal, public relations, electronic forensics, advertising and postage expenses incurred by the insured to notify third parties of a breach of information, as may be required in New Jersey. In addition, one year of credit monitoring is included.

  3. Data Recovery Costs Insurance Provides reimbursement for reasonable and necessary amounts required to recover and/or replace data that is compromised, damaged, lost, erased or corrupted, including software costs.

For More Information, Please Call 800.528.3758 or Email medmal@hilbgroup.com