Pro Insurance Plans Addresses Emerging Risks With Innovative Insurance Solutions for Telehealth Providers

Professional Insurance Plans recognizes that one of today’s best healthcare innovations for Americans is telehealth access. With waiting times increasing and care access often limited in rural areas, this resource allows for everyday assistance in family and self-care.

An innovative solution requires a similar approach from today’s available coverage plans. Malpractice insurance for telemedicine is a rapidly growing need for providers, as their current policies might not be enough to deliver adequate protection.

DOES TELEMEDICINE PRESENT UNIQUE CHALLENGES FOR MALPRACTICE INSURERS?
Arguably, the most effective component of in-person care is the patient-doctor relationship. By getting to know each other at a personal level, it is much easier to understand when medical needs develop and how to treat them.

Telemedicine creates obstacles when building rapport with patients by offering a more impersonal process. This structure can impact a patient’s perception of their care quality. It can also be challenging to determine the appropriate standard of care in a virtual setting.

Issues like data breaches, technical failures, and miscommunications pose additional risks.

HOW TELEMEDICINE MALPRACTICE INSURANCE WORKS
Telehealth malpractice insurance works similarly to traditional coverage choices, but includes specific considerations for the virtual care provided. It delivers professional liability protections for negligence or medical errors that could occur during consultations.

Two general policy types are available.

The first covers claims if the incident and claim occur while the medical provider has an active policy. The second offers protection for incidents that happen during the coverage period, regardless of when the patient files the claim.

An additional feature of telemedicine malpractice insurance involves issues specific to this form of care. Coverage choices may include patient privacy, data security, and technology use.

It is essential for today’s healthcare providers to review and potentially adjust their policies to ensure there is appropriate coverage for their provided services.

LIABILITY INSURANCE FOR TELEHEALTH
General liability insurance for telehealth providers is typically included with malpractice protection as it includes negligence in its coverage. It is a necessary protection against the possibility of lawsuits from patients who suffer harm or perceive that they have.

This insurance helps to cover the legal costs associated with litigation in these circumstances. It can also aid settlements and judgments if a lawsuit against the provider is successful.

Telehealth services allow medical providers to see a significantly higher number of patients daily. That increase means their risk exposure also grows. Investing this emerging issue now ensures that unexpected results will lessen the concern of financial difficulties for those in this field.

About Professional Plans

Founded in 1991 by Greg Bellamy, Professional Plans has offered competitive insurance policies for various industries and individuals for the best part of three decades. However, working with the Professional Plans team is different from any other insurance provider; we are consultants, we work with you directly, and most importantly, we treat each client like a person and a customer, not any old number.

With these ethos and the best attitude in the business, the team now offers various popular products including life insurance, disability insurance, insurance for healthcare professionals, and more. In fact, the team even post to their blog up to four times a month with further insurance advice, all for free. That’s the difference between any “other” insurance provider and the team with you in mind from the very first call. So, for any insurance needs, packages, or queries, be sure to contact the Professional Plans team.