5 Smart Insurance Coverages to Protect Your Practice and Your Home

As a busy physician, the better protected you are from life’s uncertainties—be it at the office or at home—the more time you can spend with your patients and on other priorities.

CAP Physicians Insurance Agency, Inc. (CAP Agency) provides a variety of insurance products that can be purchased all in one place at competitive rates for added peace of mind protection. Even if you already have coverage, you may not have enough and may be spending too much. Learn more about why the following coverages are critical for a well-protected practice and home.  

Enroll in Paperless Billing
CAP members can now sign up for paperless billing and enjoy the ease and convenience of managing their account online. Log in to your CAP member account and select "Setup Paperless Billing" to enroll.

Workers’ Compensation Insurance

All physicians in California with at least one employee must carry workers’ compensation insurance to cover workplace illness or injury. CAP Agency’s comprehensive coverage options can help minimize any disruptions in your practice should an accident
or illness occur. Even if you already have workers’ compensation insurance, CAP Agency may help you beat your current rates.

Employment Practices Liability Insurance (EPLI)

EPLI protects against the defense and indemnity costs of lawsuits brought by employees, former employees, job applicants, or other third parties alleging discrimination, wrongful termination, and harassment, among other claims. Employment-related claims are on the rise and the cost to physicians can be staggering—whether or not you are at fault. Good EPLI coverage is now more imperative than ever.

Business Owner’s Policy (BOP)

A BOP combines such areas as business liability, building and business personal property, employee dishonesty, and more, into a package that is typically less costly than purchasing the coverages individually. As a CAP member, you receive low rates on enhanced coverage, which includes the installation of a free water sensor program to help prevent potentially devastating water damage.

CyberRisk Liability Coverage

Experiencing a cyberattack not only affects your bottom line, but could also be detrimental to the well-being of your patients. CyberRisk liability coverage adds another layer of protection, by giving you up to $1 million in additional coverage plus free HIPAA and security training.

Umbrella Insurance

Your home and auto insurance policies only cover so much. That’s where umbrella insurance becomes essential. A good umbrella insurance policy will provide extra coverage for the high costs associated with bodily injury liability, property damage liability, landlord liabilities, libel, defamation, and more.

CAP Agency is a full-service insurance agency created to support CAP members with their insurance needs. The licensed, trained professional insurance agents with CAP Agency have expertise in all lines of business and personal insurance coverage, and they know healthcare. They can provide you with a comprehensive review of your risk exposures, assess your current coverage, and provide you with comparative, competitive quotes at no cost to you.

To learn more, contact CAP Agency at:

Phone: 800-819-0061

Email: CAPAgency@CAPphysicians.com

 

Certain exclusions, conditions, and deductibles may apply.