WEDNESDAY, MARCH 23, 2022
Companies providing services for emergency medical transportation may face several risks specific to the industry. Your agent may recommend a combination of liability and property coverage to help protect your company’s finances if something goes wrong.
The agents at Lupton & Luce in Riverhead, New York, are ready to help you get the coverage you need to help mitigate the risks your emergency services transportation company faces every day.
Tailored Ambulance Insurance
The insurance policies you purchase should address risks to the ambulance fleet, employees, the general public and passengers. Your agent may recommend that you start with these basic coverages:
-
Commercial general liability (CGL) insurance. This policy helps pay for third-party claims of bodily injury or property damage. Your agent can discuss your company’s minimum required liability limits and recommendations for additional liability coverage.
-
Commercial property insurance. This policy helps pay to repair or replace property owned by the company after a covered event such as a fire or storm damage. It covers office space and business property located on-site inside a leased or owned space.
-
Commercial auto insurance. This coverage provides your ambulances with liability and physical damage protection. Be sure to review the policy limits with your agent to ensure you have enough coverage to repair or replace a damaged ambulance.
-
Workers’ compensation insurance. This policy helps pay medical bills for your employees if they are injured or become ill in a work-related incident. It may also provide wage replacement when an employee is recovering from a covered event.
-
Medical professional liability insurance. This policy helps your company handle the financial effects of errors or negligence.
Each of these policies is customizable to meet the needs of your emergency services transportation company.
Your agent may also recommend that you purchase an umbrella policy in case your company is legally liable for damages exceeding the limits of your commercial general liability insurance policy. Without it, your business may have to pay costs above your policy’s limits out-of-pocket.
Coverage for Air Ambulance Services
When medical transport vehicles can’t reach the scene of an accident or a patient needs to get to a hospital faster than ground medical transport can manage, an air ambulance can provide specialized services.
Emergency service providers who fly and work inside air ambulances face many of the same risks as ground ambulance operators in addition to the dangers of air travel.
Commercial aviation insurance is necessary whether your company owns a single helicopter or a fleet of aircraft. A typical helicopter insurance policy provides liability coverage if the company is found to be responsible for third-party injuries or property damage.
Hull insurance helps repair or replace the aircraft if it is damaged in flight or during bad weather or due to theft, storm damage, vandalism or a crash.
Get the Coverage You Need for Your Emergency Services Transportation Company
Your independent insurance agent can help you understand your property and liability insurance options. They can recommend the policies most likely to protect your company’s financial well-being and get multiple quotes from different insurers to help you get the most value for your insurance dollar.
Contact the agents at Lupton & Luce today to get a personalized quote.
No Comments
Post a Comment |
|
Required
|
|
Required (Not Displayed)
|
|
Required
|
All comments are moderated and stripped of HTML.
|
|
|
|
|
|
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only.
It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional
in your state. By using this blog site you understand that there is no broker client relationship between
you and the blog and website publisher.
|