Medical/Dental Business Owner's Policy
These policies have been adapted and have special coverages to meet the needs of the following types of businesses - Physicians, Dentists, Chiropractors, Podiatrists, Optometrists, Therapists, etc.
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Building/Real Property |
Requested Limit
Full Value Replacement Available for some Buildings
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Requested Limit
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Requested Limit
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Business Personal Property |
Requested Limit
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Requested Limit
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Requested Limit
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Other Property/Coverage
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Accounts Receivable |
Additional
Blanket of
$250,000
for
these Items
Combined.
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$25,000
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$25,000
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Back-Up of Sewer or Drain |
$25,000
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$25,000 ($1000 Deductible)
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Computer Equipment |
$25,000
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Debris Removal |
Included
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$10,000
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Personal Property of Others |
$5,000
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$2,500
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Temperature Change |
$10,000
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$5,000 ($1,000 Deuctible)
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Patient Records and Valuable Papers |
$50,000
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$25,000
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Replacement Coverage - The Cost to repair or replace property at costs prevailing at time of loss, without considering depreciation. |
Included to limit
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Included to limit
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Included to limit
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Systems Breakdown Coverage |
Policy Limit
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Policy Limit
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Policy Limit
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Glass |
Included to limit
no per pane limit
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Included to limit
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Signs |
Included to limit
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Outdoor - to limit
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$5,000
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Precious Metals used in your practice |
Included to limit
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Not Mentioned
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Not Mentioned
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Fine Art (Item/Maximum) |
$5,000/$25,000
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$25,000
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$10,000
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Personal Property of Others |
$25,000
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Not Mentioned
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$10,000
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Practice Property - Off Premises |
$25,000
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$25,000
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$25,000
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Financial Coverage (per location)
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Business Income Interruption Per Diem |
Up to $3,000/ day
15 day max
(Optional)
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NA
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NA
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Business Income Interruption |
Actual Loss / 12 mo.
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Actual Loss Sustained
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Actual Loss Sustained
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Extended Business Income (After Rebuilt) |
Actual Loss / 12 mo.
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NA
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Actual Loss / 12 mo.
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Off-Premises Power Interruption |
$25,000
12 Hour Waiting Period
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24 hour waiting period
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$10,000
$1,000 Deductible
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Contaminated Water |
Included
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NA
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NA
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Dental Waste Disposal Defense |
$50,000
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NA
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NA
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Dental Board Defense for Professional Services |
$5,000
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NA
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NA
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Crime Coverage |
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Employee Dishonesty |
$25,000
Higher Limits Available
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$25,000
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$10,000
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Including ERISA Employee Dishonesty |
$25,000
Higher Limits Available
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$25,000
Higher Limits Available
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Business Liability |
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General Liability /Aggregate Limit |
$2,000,000/$4,000,000
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$2,000,000/$4,000,000
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$1,000,000/$2,000,000
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Personal Advertising Injury |
$2,000,000
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$1,000,000
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$1,000,000
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Fire Legal Liability
(Fire, Water, Explosion) |
$300,000
Higher Limits Available
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$300,000
Higher Limits Available
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$1,000,000
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Medical Payments (Per Person) |
$10,000
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$10,000
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$10,000
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Hired & Non-Owned Liability |
$2,000,000
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$2,000,000
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$1,000,000
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Employee Benefits |
Optional
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NA
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NA
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Employment Practice Liability |
$5,000/$5,000
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NA
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NA
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* This comparison is not intended to be a complete description of all the policy and benefits. Please refer to your policy for specific details.
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Accounts Receivable and Valuable Papers and Records Limits are one of the most overlooked areas in a Business Owners Policy. Yet your medical records are your sole source of defense in a malpractice case. Our limits are extended to help cover the associated costs to create new records in the event of a loss.
Contaminated Water This program had the experience of having a Dentist that did not have water damage due to the flood in their area but that could not work due to not having a clean water supply. This may not shut down a business that relies on water to work every day. So The Hartford added this peril as a covered item for this dental program.
System Breakdown Coverage Property damage to your computer systems. This includes Business Income Interruption in the event you have a loss due to covered system breakdown.
Board Defense will pay for your defense of your license due to a complaint to the Board from a patient. This also could trigger a loss of income benefit in the event you needed to be out of the office for a hearing.
Employment Practices Liability This policy has a nominal amount of coverage for issues that involve employee liabilities with no deductible; issues such as sexual harassment, wrongful termination, and or discrimination. This is not a large amount of coverage but does make the Business Income available in the event you are pulled out of the office for a hearing/trial. Higher limits available upon request.
Bolded items are coverage's or limits usually not found in the competitor's policies.
Contact Us
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