Kentucky Podiatrists Insurance

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Get KY small business insurance quotes and info on costs, coverages, minimum requirements, certificates & more.

Types Of Small Business Insurance

  • Includes medical payments, legal representation, and defense against libel and slander accusations.
  • Provides financial protection if an employee has a job-related accident or illness.
  • Bundles general liability insurance and commercial property into one affordable policy.
  • Pays to repair or replace your business property if it's stolen, damaged, or destroyed in a fire or natural disaster.
  • Covers mistakes or alleged mistakes on your part (errors) & failures or alleged failures to perform a service (omissions).
  • Is liability and physical damage protection for vehicles, such as cars, trucks and vans, that are used for business.
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Frequently Asked Questions About Small Business Insurance


How much does general liability insurance cost?

In 2019, commercial general liability costs can vary widely based on industry. Businesses in higher risk industries pay more. Premiums are also determined by zip code and often payroll and/or gross sales. You can request a free quote to get an exact premium for your business. Read more...

What types of business insurance do I need?

Almost every business needs general liability and commercial property insurance at the very least. If you have any non-owner employees, you'll most likely need workers compensation insurance too as most state require it. It all depends on the risks your business faces. Read more...

How does general liability insurance work?

Having general liability is the basis of any business insurance program. If you can afford only one commercial insurance policy for your small business - then you should get a commercial general liability policy, because it offers protection against a wide range of common but unexpected risks. Read more...

What is a Certificate of Insurance?

A Certificate of Insurance (COI) is proof of coverage. It verifies that you have insurance coverage for your small business, & contains information on types and limits of coverage, insurance company, policy number, named insured, and the effective date of the policy. Read more...
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Kentucky Podiatrists Insurance Policy Information

KY Podiatrists Insurance

Kentucky Podiatrists Insurance. Podiatrists are medical doctors educated and licensed to deal with conditions, diseases, or injuries to the foot and ankle. They diagnose problems, remove calluses and ingrown toenails, prescribe medicines, prepare foot supports, refer patients for physical therapy, set fractures, and perform surgeries. Specialties include diabetic care, pediatrics, and sports medicine. While most podiatrists work from their own private offices, some are employed by hospitals or clinics.

Though running a podiatrist practice is one of the most sought after medical practices, it also comes with its own risks that can ruin your business in the event you are required to pay huge sums of money in compensation claims and legal fees.

The best way to protect your foot and ankle practice is to take up a Kentucky podiatrists insurance policy that protects your business from unforeseen risks. Having business insurance coverage will allow you to concentrate on treating your patients, knowing that any unforeseen risks will be handled by your insurer. Any basic podiatrist insurance policy should be able to protect your practice against the following:

Kentucky podiatrists insurance protects your foot and ankle practice from lawsuits with rates as low as $67/mo. Get a fast quote and your certificate of insurance now.

Types Of Podiatry Insurance

Here are some of the different types of insurance claims that KY podiatrists can face in their practice:

Malpractice Claims: As a healthcare professional, a single mistake or even a small oversight in diagnosis and treatment can lead to complications, further injury and even permanent disability to your patients. No matter how experienced you are, there is always a risk that you or your staff can misdiagnose a patient. Your patient can sue you for malpractice by alleging that your diagnosis, treatment or medical advice resulted in further illness, injury or even financial loss.

Many malpractice lawsuits end in patients awarded huge sums of money as compensation that can financially ruin your practice. This is however not the case as your Kentucky podiatrists insurance policy protects you against malpractice claims.

If your patients sue you for malpractice, your insurance company will cover all legal fees you incur during the process and any compensation that you will be required to pay. Depending on your Kentucky podiatrists insurance policy, you may also be eligible to receive compensation on any lost revenue during the litigation process.

Bodily Injury Claims: No matter the precautions you take, accidents can happen anytime. A patient entering your office can slip and fall resulting in injury. In some instances, the patient may sue your business for all medical expenses related to their injury. Bodily injury claims are one of the most costly liabilities especially when you consider related legal fees.

Having a commercial general liaiblity policy will give your practice a peace of mind as your insurer will provide funds to cover legal fees and settlement costs. In the event the third party injury or illness results in death, your insurer will provide funds for related medical costs, funeral expenses and any awarded compensation.

Workers' Compensation Claims: If you have employees in your practice, workers comp is required in most states. If your staff is injured while undertaking their routine duties or are accidentally exposed to infections by either coming into contact with hazardous materials, they can file a compensation claim.

Having a KY workers comp policy is an effective way to minimize risks related to workers suing your practice for compensation. Your insurer will provide you necessary funds to pay all related medical costs incurred by your staff during treatment and also compensate your employee for any lost income they could have otherwise earned while they recover.

Protection against Property / Equipment Damage or Loss: As a podiatrist, there are specialized equipment that you use for diagnosis and treatment of your patients. In the event this equipment break down, are damaged or even stolen, it means that you may not work effectively leading to loss of income.

With a Kentucky podiatrists insurance policy that covers your property or equipment, you will quickly get back to work as your insurance will be able to provide you with funds to replace you damaged, stolen or broken down equipment. You can also protect your business premise against fire, theft, vandalism and even natural calamities.

Kentucky Podiatrist's Risks & Exposures

Premises liability exposure is moderate due to patients' access to the premises. Due to the nature of foot diseases and injuries, podiatry patients often have difficulty walking and may be dependent on canes, crutches, foot supports, or walkers. To prevent slips, trips, and falls, all areas accessible to patients must be well maintained with floor covering in good condition. The number of exits must be sufficient, and be well marked, with backup lighting in case of power failure. Steps should have handrails, be illuminated, marked, and in good repair. Parking lots should be maintained free of ice and snow.

Housekeeping should be excellent and spills must be cleaned up promptly. If surgery is performed on site, the area must be kept sterile at all times and carefully controlled. Escort procedures must be clear for all personnel. Maintaining a patient's privacy is critical.

Examination rooms, check-in and checkout stations must be in private areas so one patient cannot view information or overhear conversations regarding another patient's confidential information.

Professional / Malpractice exposures are extensive. The exposure increases if the provider fails to conduct thorough background checks to verify employees' credentials, education, and licensing. The more types of procedures that the podiatrist performs, the more chance of professional loss. A patient's medical history must be checked prior to prescribing medications.

Very serious losses may result from failure to secure patient approval before performing procedures. Training and safety equipment should be in place to prevent exposure to radiation when performing X-rays. Needles and other equipment must be sterilized and sanitized to prevent the spread of blood-borne infectious diseases such as hepatitis, HIV, and AIDS.

Surgery should be performed in a sterile environment with trained individuals administering and monitoring the use of anesthetics.

Workers compensation exposure is due to possible transmission of disease from a patient. Gloves and masks should be worn at all times when working around any bodily fluids. Because of the mobility limitations of many podiatry patients, back strains, or sprains may occur due to lifting or supporting patients. Unruly or unpredictable patients can cause harm including strains, back injuries, and contusions.

Training and safety equipment should be in place to prevent exposure to radiation when performing X-rays. Since patient information and billings are done on computers, potential injuries include eyestrain, neck strain, carpal tunnel syndrome, and similar cumulative trauma injuries that can be addressed through ergonomically designed workstations.

Property exposure is moderate due to the use of expensive diagnostic and medical equipment. Ignition sources include electrical wiring, heating and air conditioning systems, and overheating of equipment. All electrical wiring must be up to code and equipment properly maintained. A small fire which produces smoke can cause considerable damage when sterile equipment and environments are compromised.

Most property items are better covered on inland marine forms such as a computer form or a physicians and surgeons floater. The business income and extra expense exposure can be minimized if the podiatrist has arranged for temporary facilities with another podiatrist.

Equipment breakdown exposures are high as operations are dependent on diagnostic equipment being available. All equipment should be maintained on an ongoing basis.

Crime exposure is from employee dishonesty. The potential for theft by means of identity theft is great. Background checks should be conducted on all employees handling money. All ordering, billing, and disbursement must be handled by separate individuals. Money and securities are a concern if payments are accepted on premises. Deposits should be made regularly and money should not be kept on premises overnight.

Inland marine exposure includes accounts receivable if the podiatrist bills for services, computers, physicians and surgeons equipment floater (which can include all office furnishings), and valuable papers and records for patients' and suppliers' information. Computers are used for patients' records and other office purposes, but some diagnostic equipment is now also computerized.

Physicians and surgeons equipment includes items that the podiatrist may take off site when working at nursing homes and other locations. Duplicates of all records and programs should be kept off site.

Automobile exposure is generally limited to hired and non-owned liability for employees running errands. If there are owned vehicles, all drivers should be licensed with acceptable MVRs. Vehicles must be maintained and records kept in a central location.

KY Podiatrists Insurance

When shopping for the insure to provide you with podiatrist insurance for your practice, here are the two important considerations to take into account;
  • Reliability & Reputation Of The Insurer - You should only select and KY insurance provider who is credible and has a good reputation.
  • Premium - It is important to find out how much premium you will be paying on your policy. It is always advisable to select a policy with is cost effective and offers you flexible payment methods.


Kentucky Economic Data And Business Insurance Requirements

In order for a business to succeed, it's important to have a firm understanding about the economic status of the state that the organization is going to be established in . It is also important for business owners to know what type of commercial insurance they are required to carry in KY.

Made In Kentucky

If you are thinking about opening or moving a business in Kentucky, keep on reading to find out some key information about the economic status of the state, as well as the KY commercial insurance requirements.

Business Economic Trends In The Commonwealth Of Kentucky

As per recent reports from leading economists, the economic outlook for Kentucky is looking bright. More jobs have been added in recent years, which is evidenced by the declining unemployment rate, and it is expected that more jobs will be added in the year 2019.

The goods and services industries are the two areas that are really expected to add significant gains to the economy of Kentucky. Industries in this sector are flourishing, with new companies being added during the 2019 calendar year. It is also expected that more jobs will be created in this sector in the upcoming years.

While technology is taking over the manufacturing sector in many other parts of the nation, in Kentucky, this industry is growing; but, it is growing at a slower rate than usual, as technology is also having an impact in KY. It is also predicted that the healthcare firms will continue to be added in Kentucky and will provide ample opportunities for employment, creating more jobs than manufacturing.

There three key areas in the Kentucky that are contributing the most to the economy, and these include Lexington, Northern Kentucky, and Louisville.

Commercial Insurance Requirements In KY

The Kentucky Department of Insurance regulates insurance in KY. Like most other states, business owners are required to carry workers comp insurance in Kentucky. In the Commonwealth, if you employ a staff of hourly or salaried employees, you must carry this type of coverage, even if your staff only consists of one person.

Commercial auto insurance is also mandate in Kentucky, so if you use a vehicle for business-related reasons, you must have this type of coverage.

You are not required to carry commercial liability insurance; however, it is a wise idea to invest in a policy. It will protect you from any legal issues that might arise, such as slips and falls or property damages.

Additional Resources For Medical Insurance

Discover small business insurance for medical and dental professionals. Medical malpractice insurance is a type of professional liability that protects health care professionals from liability causing in bodily injury, medical expenses and property damage.


Medical And Dental Insurance

Health care providers are the most trusted individuals in our society. Ironically, they are the same ones who can do the greatest harm. They actually have the right to invade our bodies with knives and to poison us with chemicals - all in the name of health care and with the goal of relieving our symptoms and hopefully bringing about a cure.

While the actions of these professionals normally benefit us, insurance coverage must be available for the times when mistakes happen and things go wrong. These professionals and their facilities have extensive property exposures that are becoming more and more intricate and whose values are increasing exponentially.

The 'one size fits all' approach that once could have applied to insurance for health care providers and their facilities no longer applies.

Professional liability offers protection against claims of malpractice for all sums that the medical professional becomes legally obligated to pay as damages because of rendering or failing to render professional services.

Professional and medical malpractice exposures are the most expensive and difficult of all exposures for health care providers. The commercial general liability policy excludes these exposures so separate coverage is needed. Most professional liability policies are written on a claims-made basis and, as a result, tail coverage and retroactive dates are important coverage issues to be aware of when evaluating the insured’s coverage needs and comparing coverages.

The coverage provided is often called medical malpractice. For decades, many involved in the health care field and insurance companies that provide insurance coverage to providers have stated that malpractice lawsuits have created an ongoing crisis of restricting insurance availability, due to loss of insurance companies that write the coverage and significant rate increases.

As a result, state legislatures have taken the following actions to address the situation:

Imposed a dollar limitation of liability for malpractice suits.

Modified statutes of limitation to limit the number of years that a suit may be brought against a physician following a negligent act.

Modified when the statute of limitations takes effect. An example is beginning from a negligent act's occurrence rather than from its discovery.

Passed laws to modify tort law procedures and doctrines that relate to malpractice.

Because of differences in law by state it is important to know the states in which the covered health care providers are licensed and regularly practice. Some health care providers may practice in multiple states because of their particular specialty, their reputation or the demand for their services. Some hospitals may have ownership in facilities or provide services to patients that are outside of their main location state.

Minimum recommended small business insurance coverage: Business Personal Property, Business Income and Extra Expense, Employee Dishonesty, Money and Securities, Accounts Receivable, Computers, Physicians and Surgeons Floater, Valuable Papers and Records, General Liability, Employee Benefits, Professional, Umbrella, Hired and Non-owned Auto & Workers Compensation.

Other commercial insurance policies to consider: Building, Earthquake, Equipment Breakdown, Flood, Leasehold Interest, Real Property Legal Liability, Computer Fraud, Forgery, Cyber Liability, Employment-related Practices, Business Automobile Liability and Physical Damage and Stop Gap Liability.


Request a free Kentucky Podiatrists insurance quote in Alexandria, Ashland, Barbourville, Bardstown, Beaver Dam, Bellevue, Benton, Berea, Bowling Green, Brandenburg, Cadiz, Calvert, Campbellsville, Carrollton, Central, Cold Spring, Columbia, Corbin, Covington, Crescent Springs, Crestview Hills, Crestwood, Crittenden, Cynthiana, Danville, Dawson Springs, Dayton, Douglass Hills, Eddyville, Edgewood, Elizabethtown, Elsmere, Eminence, Erlanger, Flatwoods, Flemingsburg, Florence, Fort Mitchell, Fort Thomas, Fort Wright, Frankfort, Franklin, Georgetown, Glasgow, Graymoor-Devondale, Grayson, Greenville, Harrodsburg, Hartford, Hazard, Henderson, Highland Heights, Hillview, Hodgenville, Hopkinsville, Hurstbourne, Independence, Indian Hills, Irvine, Jeffersontown, La Grange, Lakeside Park, Lancaster, Lawrenceburg, Lebanon, Leitchfield, Lexington-Fayette, London, Louisville, Ludlow, Lyndon, Madisonville, Marion, Mayfield, Maysville, Middlesborough, Middletown, Monticello, Morehead, Morganfield, Mount Sterling, Mount Washington, Murray, Newport, Nicholasville, Oak Grove, Owensboro, Paducah, Paintsville, Paris, Park Hills, Pikeville, Prestonsburg, Princeton, Prospect, Providence, Radcliff, Richmond, Russell, Russellville, Scottsville, Shelbyville, Shepherdsville, Shively, Simpsonville, Somerset, Southgate, Springfield, St. Matthews, Stanford, Stanton, Taylor Mill, Union, Versailles, Villa Hills, Vine Grove, Walton, West Liberty, Wilder, Williamsburg, Williamstown, Wilmore, Winchester and all other cities in KY - The Bluegrass State.

Also learn about Kentucky small business insurance requirements for general liability, business property, commercial auto & workers compensation including KY business insurance costs. Call us (859) 412-4141 .

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