Dade County Surgical Centers Must Think Past Malpractice
Posted on: April 30, 2015 by Javier iSure
Malpractice law suits are a major concern for Dade County surgical centers. According to RAND report data, 7.4 percent of single physicians typically have a medical malpractice claim filed against them within any given year, but the risk that a physician could face a Dade County medical malpractice claims is estimated at roughly 20 percent. For Florida surgical centers, the exposures are much higher because the majority of malpractice lawsuits center around surgical errors. However, malpractice is not the only risk exposure medical facilities face. In fact, there are many other circumstances that are much more likely to result in significant financial losses.
Dade County surgical faculties face extremely high exposures to expensive property losses, as well as other types of liability exposures. A few of the most common exposures include:
- Property Loss: With property assets that value million of dollars, surgical centers need extensive equipment and facility coverage to protect their assets from damages, breakdown and other exposures. The right property insurance can protect not only the structural components of a facility, but the furnishings and specialty equipment as well.
- General Liability Exposures: General liability exposures is a broad term to describe the risks faced across nearly all industries. These exposures include everything from third party losses suffered as a result of a business’s operation, to allegations of slander, libel and other such claims. For example, should a visitor slip and fall in a surgical center facility, the facility could be held accountable for those losses. General liabilities do not include medical malpractices situations, errors and omissions and other industry specific claims that arise from patient care.
- Worker Injuries and Accidents: According to the Occupational Safety and Health Administration, the healthcare industry frequently reports some of the highest numbers of employee non-fatal injury and illness of any industry sector. Healthcare workers constantly face an endless variety of dangers, from exposure to biological hazards to repetitive movement and musculoskeletal injuries, chemical exposures, and more. Workers’ comp claims are frequent and in can culminate to be even more costly than a malpractice claim.
- Cyber and Data Breaches: Patient record and private data security reaches are a mounting concern for any healthcare provider. According to reports, patient records are much more valuable than credit card information and other types of personal data. Recent attacks on major heath care networks have illustrated just how vulnerable medical operations are to cyber attacks. Those who fail to properly protect patient data and records could face major financial and legal ramifications.
At iSure Insurance Brokers, we strive to help Dade County Surgical Centers find complete insurance solutions to protect their operation, staff and patients. For more than thirty years, members of the healthcare industry throughout Greater Miami and the surrounding areas have turned to us for reliable, creative approaches to insurance and risk management. We are well known for prescribing programs that address the exposures medical facilities face that can threaten the health of their bottom line. To learn more about our South Florida Insurance Brokerage and all our offerings, contact us today at (855) 381-6123.