Jason Quaglia at Risk Management Solutions of America, Inc. on Speciality Insurance in Healthcare
Insurance coverage is essential in healthcare practice and Jason Quaglia is an insurance agent here to answer our questions and provide excellent coverage options. Vice-President of Business Development at Risk Management Solutions of America, Inc., Mr. Jason Quaglia can offer specialty insurance coverage for medical billing, errors and omissions, and all the other needs of a healthcare practice.
Jason Quaglia is the VP of Business Development at Risk Management Solutions of America, Inc.
Specialty Insurance with Jason Quaglia at Risk Management Solutions of America, Inc.
- What is High-Risk Insurance Coverage
- Common Coverage in Health and Medical Industries
- Cyber Liability Insurance, Medical Billing Errors
- Additional Hard-to-Place Insurance Coverage Options
Examples of Coverage Issues Discussed in the Podcast:
Active Shooter Coverage
As a healthcare professional, you may want to consider obtaining active shooter insurance coverage to protect your practice in case of an active shooter incident on your premises. Active shooter incidents can happen anywhere, and healthcare facilities are unfortunately not immune to them.
Active shooter insurance coverage can help cover the costs associated with responding to an incident, including emergency medical care, counseling for victims and employees, property damage, and legal fees. Additionally, the coverage can provide resources to assist with crisis management and communication with affected parties.
Obtaining active shooter insurance coverage can provide a sense of security for you and your patients, and demonstrate your commitment to their safety and well-being. However, it’s important to note that coverage and policy specifics may vary, so it’s essential to review any policy carefully to understand what is covered and what is not.
Medical Billing Errors and Omissions Coverage
As a healthcare professional, you are responsible for handling sensitive patient information, including medical billing and coding. Mistakes in medical billing can lead to significant financial losses, and errors in coding can result in the denial of claims and possible legal liabilities. Medical Billing Errors and Omissions Coverage, also known as Medical Professional Liability Insurance or Medical Malpractice Insurance, can protect you and your practice from the financial burden of lawsuits, settlements, and damages resulting from errors or omissions in medical billing and coding. It provides coverage for legal defense costs and financial damages that arise from claims of negligence, errors, or omissions in medical billing and coding services. In short, Medical Billing Errors and Omissions Coverage is essential for healthcare professionals who want to protect themselves from the financial risks associated with billing and coding errors.
Ransomware and Data Corruption Coverage
As a healthcare professional, you deal with sensitive patient data every day, which makes you an attractive target for cybercriminals who use ransomware attacks to encrypt and block access to your data. Having Ransomware and Data Corruption Coverage can provide you with financial protection in the event of a ransomware attack or data corruption.
This coverage can help cover the costs of restoring data, lost income due to downtime, and expenses related to the investigation of the incident. It can also help you avoid the reputational damage that can come from data breaches, which can be particularly damaging in the healthcare industry.
In short, Ransomware and Data Corruption Coverage can provide you with peace of mind and financial protection against the risks associated with ransomware attacks and data corruption.
This program is brought to you by the Chicago Health Law and Professional Licensing firm of Michael V. Favia & Associates, with offices in Chicago and Rolling Meadows. For introductions and referrals to healthcare professionals in the Chicagoland area, call Michael V. Favia & Associates, P.C. at (312) 609-6666. Podcast production and marketing by Lone Star Content Marketing (940) 498-2863.