You strive to provide the best possible care, but even the most experienced EMTs can make mistakes. Malpractice insurance covers legal costs if a patient accuses you of negligence. Other insurance policies provide financial protection against damaged property, work injuries, and auto accidents.
These insurance policies cover common risks faced by EMTs and paramedics.
A general liability policy covers the cost of common third-party accidents, such as a patient who falls while transferring from a wheelchair. It's often required for a commercial lease.
A business owner's policy, or BOP, is a cost-effective way for EMTs and paramedics to buy general liability coverage and commercial property insurance together.
Malpractice insurance for EMTs and paramedics covers legal costs related to professional negligence, such as a claim that your treatment worsened a condition.
Most states require workers' comp for emergency medical services (EMS) that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.
This policy helps EMTs and paramedics pay expenses associated with data breaches and cyberattacks. It can often be added to a business owner's policy or general liability policy for savings.
Most states require commercial auto insurance for vehicles owned by an emergency medical service. It helps cover legal costs in the event of an auto accident.
It's easy to get business insurance for EMTs and paramedics if you have your business information on hand. Our application will ask for basic facts about your business, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:
Insureon's licensed insurance agents work with top-rated U.S. providers to find the right insurance products for your business, whether you work independently or hire employees.
EMTs, paramedics, and other first responders can rely on medical malpractice insurance, also called professional liability insurance, to cover attorney's fees and other costs related to professional negligence. There are several reasons why you might need this coverage:
Paramedic and EMT malpractice insurance is usually sold as a claims-made policy, which means you’ll need to keep your policy active in order to benefit from it. Most other types of business insurance are occurrence-based policies, which provide coverage during the policy period even after your policy expires.
With a claims-made policy like malpractice, it's crucial to have continuous coverage. You can secure coverage for incidents that happened in the past by setting a retroactive date with your insurance company. And for malpractice claims that happen after you retire or cancel your coverage, you can add tail coverage to extend the window in which you can file a claim.
As for which type of insurance is better, occurrence-based policies provide longer term protection, but you can achieve that with claims-made insurance by choosing the right policy options. Occurrence-based policies also tend to cost more than claims-made policies, so there's no hard and fast rule for which is best.
Insuring your ambulance or other vehicle doesn't have to be expensive. However, you do need to make sure your policy meets your state's requirements for auto liability insurance.
Here are a few ways to save money on commercial auto insurance:
EMTs and paramedics may need additional protection depending on the type of work they do and their risks. Fortunately, it's possible to modify your policy to cover a wide range of property and liability claims, including:
Consult a licensed insurance agent to find out about any exclusions or to add other types of liability coverage to your policy.