Since the pandemic began in 2020, the need and popularity of telehealth services spiked dramatically over the past year or so. The service provides patients with a doctor via a virtual connection. Over the internet or phone, the doctor will provide medical advice and prescriptions, as well as diagnosis. There are so many risks for healthcare providers as is, and the digital dimension of the field only adds additional risks for doctors and telehealth companies. One way you can protect yourself is by purchasing the correct insurance policies.
Professional Liability Insurance for telehealth services
Many medical issues present with the same or similar conditions, but making an error in diagnosis can have lasting impacts on your patients and your practice. Misdiagnosis can happen for a number of reasons unintentionally, but it is as a result of an error or omission. One way to avoid any legal fees is by purchasing an errors and omission insurance policy. Errors and omissions insurance, also known as professional liability insurance, covers costs associated with accused negligence, malpractice, bad professional advice resulting in harm and failure to deliver on a service as promised.
Cyber Liability Insurance for telehealth services
Seeing as telehealth services are essentially virtual-based is a reason you need to cover your business in case of data breaches or other security issues that may arise. Your patient’s personal, medical and financial information is all stored on your servers. A breach of security can impact both you and your clients’ privacy, as well as financially. Cyber liability policies cover investigation fees, hard and software replacement costs, and any legal fees that could come up as a result of a data breach.
Cyber Liability Insurance for Telehealth Services
Seeing as telehealth services are essentially virtual-based is a reason you need to cover your business in case of data breaches or other security issues that may arise. Your patient’s personal, medical and financial information is all stored on your servers. A breach of security can impact both you and your clients’ privacy, as well as financially. Cyber liability policies cover investigation fees, hard and software replacement costs, and any legal fees that could come up as a result of a data breach.
Product Liability Insurance
Product liability insurance covers any consumer body injuries, property damage, and other damages resulting from a product you make or sell. In light of digital platforms, this coverage can also cover applications created that users install. So, if your app breaks a user’s device, product liability insurance may cover the damage costs.
For any questions about insurance for your telehealth business practice, contact isure today. We will find you the lowest coverage rates for the policies you need most. Our insurance quotes are always fair and we pride ourselves on quality customer service. We’re looking forward to hearing from you!
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