From the category archives: Insurance Protection Blog

Diagnostic Laboratories

Medical and COVID Testing Laboratory Liability

Months before anyone had heard of COVID-19, the Phnom Penh lab had begun using a new system, introduced by researchers from the San Francisco-based Chan Zuckerberg Biohub, to answer questions about the genetic makeup of pathogens. This system consisted essentially of a commercial gene sequencer and sophisticated cloud-based software called IDseq, which identifies a virus or other pathogen from its genetic sequence. The Cambodian group was one of 11 international infectious disease laboratories using the technology to study diseases like dengue and malaria. But in late January, the Cambodian scientists turned their attention to sequencing the novel coronavirus that had recently landed at their door. 

If you are opening or currently run a lab and are adding Covid testing to your lab procedures, we can help you obtain the proper Diagnostic Laboratory Professional Liability Insurance.

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Insuring a Medical Lab is More Affordable Than You Might Think

 Liability Insurance for Medical Laboratories

Insuring a medical lab is more affordable than you might think, and importantly, the policy can be written to include a general endorsement, insuring the lab director whether they are a PhD or a medical doctor.   

Insuring the lab director is only a small part of the liability solution. If you carry a separate lab director policy, you will have to deal with the tail insurance if the lab director cancels or decides to discontinue the contract. It's important that the policy includes in the definitions of insurance coverage for the medical director or lab director. These policies also need to cover non-medical owners executives and non-medical doctor staff working on behalf.

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Insuring unusual Medical Practices

How to insure the unique Physician practice profile When the practice profile is unique, or just doesn’t fit the usual, customary and conventional, Like a medical spa or a family physician who runs an urgent care center, acts as a medical director for a local fire department and sees patients in nursing homes, the insurance niche that handles this is called surplus lines. What is Excess and Surplus Lines and how does it impact Allied Health Providers and Mid Levels Physicians, Midwives and other health care providers are often forced to find insurance at higher rates, or just do not find the right fit. With the continued presence and development of the surplus lines markets, these healthcare providers are newly finding that they can access a Medical Malpractice Insurance market that previously had been available only to very large groups and to practitioners who could not find coverage. The spa procedures, utilization review, administrative duties or other procedures that are considered new a ...
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Pathology Liability Insurance and The Doctors' Company Risk Management Advice.

Insuring Pathology Laboratories is a very specific task; The liability that rises to (or attaches to the Lab) is very different than the liability that follows the physician.There are occasions where the lab is insured along with the entity of the Pathology Group (which is to say, the “City” Pathology Medical  Group, Inc. always has a separate limit covering IT separate from the M.D.’s, and there are requests to include the Lab liability (with all of the Techs and specific licensed employees in that Lab in the one limit. So, for example, there are five M.D.’s in the group performing the professional component services for the Lab and/or the Path group, the group is incorporated (i.e. like the ‘City Path Group, Inc”) referenced above, and, they have a Licensed CLIA approved Lab with employees and contracts to read specimens submitted from outside and within the state. Separate and Distinct Limit covering the Lab. It is my opinion and the opinion of The Doctors’ Company that the Lab should hav ...
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