Drawing blood and preparing samples for testing places phlebotomists at high risk for a lawsuit. A patient could faint and hit their head, or a mislabeled sample could lead to the wrong diagnosis. Business insurance helps pay for attorney's fees and other costs in the event of a lawsuit. It also covers property damage, auto accidents, and theft.
These insurance policies cover the most common risks of phlebotomy.
This insurance covers basic third-party risks, such as a patient who slips on a wet floor and suffers a bodily injury. It's often required for commercial leases.
A BOP bundles commercial property insurance and general liability coverage under one plan. It's often the most cost-effective type of commercial insurance for a phlebotomist.
Professional liability insurance, also called medical malpractice insurance, covers legal defense costs related to the quality of your phlebotomy services, such as venipuncture that causes pain.
This policy covers the cost of accidents involving a phlebotomy business's vehicle. Most states require this coverage for vehicles owned by a business.
Most states require workers' comp for phlebotomy practices that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.
This policy helps phlebotomy clinics recover financially from data breaches and cyberattacks. It's strongly recommended for any small business that handles personal information.
It's easy to get liability insurance coverage for phlebotomy if you have your company 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 phlebotomy business, whether you work independently or hire employees.