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Medical Practice Insurance Solutions

Table of Content

  1. Header
  2. Home
  3. Apply Now
    1. What you get
  4. Learn More
    1. Business Owner's Policy
    2. Workers' Compensation
    3. Professional Liability
  5. FAQ
    1. What type of insurance does my franchise business need?
    2. Other insurance you should consider
  6. About NFP
  7. Footer

Prime IV Hydration and NFP have teamed up to streamline the insurance-buying process for our franchises, making it easier than ever to get the coverage you need to protect your business.

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Learn more about the insurance programs that will protect your business and your staff from everyday operational risk.


Business Owner's Policy (BOP) combines business property and business liability insurance into one business insurance policy. BOP insurance provides coverage for claims resulting from things like fire, theft, or other disasters. BOP also covers claims that could arise from your business’s operation. These include claims of bodily injury or property damage. They also include claims related to personal and advertising injury.


A BOP combines these 3 types of policies into 1 policy:


  • General Liability Insurance
  • Business Income Insurance
  • Commercial Property Insurance
BOP

BOP


Workers’ Compensation Insurance (workers' comp insurance) provides employees benefits for work-related injuries or illnesses including medical care, wages from lost time at work and more like financial benefits for deceased workers' family.


In the event a worker's family decides to sue your company, it can also help cover the related legal fees.


Professional Liability, or Errors & Omissions (E&O), is coverage that protects your practice against claims that a professional service you provided caused your client/patient to suffer financial harm due to your mistakes (errors) or your failure to perform a service (omissions). Defending your practice in a civil suit with certain damages awarded, E&O insurance can cover the cost, even if the legal action is groundless. For medical facilities, E&O is required by law in many areas.

Frequently Asked Questions

You franchise disclosure documents can include insurance requirements. Typically, this will include the need for:

  • Business Personal Property Insurance
  • Comprehensive General Liability Insurance
  • Workers' Compensation Insurance (compulsory in many States)
  • Professional Liability Insurance
  • Employment Practices Liability Insurance


Contact NFP specialist who can assist you navigating through the insurance options and find the best fit for your business.


Other insurance products to consider include:

  • Privacy and Network Security (Cyber) Insurance - Protect yourself against the high costs of a hacking incident and gain access to specialists and legal resources for help prevent a cyber attack with Cyber Liability & Data Breach insurance.
  • Directors & Officers Liability Insurance (D&O) - D&O provides coverage for defense and damages (settlements and awards) costs as a result of wrongful act allegations and lawsuits brought against an entity’s board of directors and/or officers. This is increasingly more and more common with directors and officers being held personally liable. In order to lower your turnover rate with your qualified executives and board members, this coverage is crucial.
  • Key Person Life Insurance - This is a life insurance policy your company can purchase to insure the lives of key employees. Learn more about this product: Corporate-Owned Life Insurance | NFP.
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Who we are


NFP is a leading insurance broker and consultant that provides employee benefits, property and casualty, retirement, and individual private client solutions through our licensed subsidiaries and affiliates. Our expertise is matched by our commitment to each client's goals and is enhanced by our investments in innovative technologies in the insurance brokerage and consulting space.


To learn more about our services, contact:

Andrew Rivers

andrew.rivers@nfp.com


Visit us at Insurance for Work, Home and Life | NFP


Privacy Policy | NFP

Transparency In Coverage | NFP

Legal Notices | NFP