Nebraska Audiology Insurance

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Nebraska Audiology Insurance Policy Information

NE Audiology Insurance

Nebraska Audiology Insurance. As an audiologist, you use your expertise to determine the health of your patients' hearing. Your equipment measures the volume at which a person begins to hear sounds and their ability to discern the sounds they hear. If a patient suffers from hearing loss or vestibular abnormality, you employ your assessment skills to find the appropriate treatment options. You may even counsel patients on how to cope with profound hearing loss.

And while your clinical experience and education help you to successfully treat your patients, dealing with one of the fundamental human senses means you are more vulnerable to the threat of malpractice claims against you. Even a minor misstep can be devastating to your reputation, career and pocketbook. Defense costs and legal fees alone cost thousands. That is why you need a Nebraska audiology insurance policy.

Nebraska audiology insurance protects your practice from lawsuits with rates as low as $37/mo. Get a fast quote and your certificate of insurance now.

Types Of Audiology Business Insurance

Some audiologists may not see the need to purchase Nebraska audiology insurance before opening their practice, but it important here because of the potential of large claims for malpractice.

Professional Liability Insurance

As an NE audiologist you face many challenges in providing quality hearing care. Many changes in the healthcare industry have increased your personal exposure to an allegation of negligence. And, whether or not the allegation is valid, you need to be able to protect yourself, your license and your family from the financial consequences of a lawsuit. Professional liability insurance, also know as malpractice or errors and omissions insurance (E and O), is designed to cover your expenses when a malpractice suit is brought against you. Nebraska audiology insurance includes coverage for:

  • Legal Expenses - Provides coverage for complaints including professional misconduct, sexual abuse or sexual harassment filed with the provincial regulatory boards.
  • Criminal Defense Costs Reimbursement - Covers you for a court case filed under the criminal code. You will be reimbursed provided you are found not guilty of the criminal charge.

Key Exposures For Audiologists:

  • Use of inappropriate methods for recovery.
  • Negligence in providing plans for hearing loss compensation, business noise reduction, or coordinate with other health care professionals.
  • Incorrect advice provided to patients.
  • Upset clients who feel they have suffered additional expense or stress and/or consider your performance was below professional standards.

How Much Does Professional Liability Cost?

The cost of your professional indemnity coverage will depend on the exact nature of the work you undertake, how much work you undertake annually, your previous experience and whether you have previously had any claims made against you. Generally speaking, the cost of Nebraska audiology insurance has gone down in recent years as a result of greater competition and a greater awareness of the risks faced by audiologists.

Why Do Audiologists Need Malpractice Insurance?

Like all those providing professional services, audiologists provide a service that comes with an expectation of a certain level of professionalism and specialist knowledge. When things go wrong the audiologist may well be held to account for any financial losses with legal action and Nebraska audiology insurance is designed to mitigate the effects of such actions.

Other Coverages For Audiologists

Business Owner's policy (BOP) - A business owner policy packages most of the Nebraska audiology insurance coverage you would need. Often, BOP's will include business interruption insurance, property insurance, vehicle coverage, liability insurance, and crime insurance. Based on your specific practice's needs, you can alter what is included in a BOP. Typically, you will save money by choosing a BOP because the bundle of services often costs less than the total cost of all the individual coverage's.

Commercial General Liability - General liability provides coverage for third party liability suits including allegations of property damage, advertising injuries, and personal injuries (libel or slander). When someone sues you for these claims, GLI covers the costs of attorney fees, settlements, and other court costs.

Business Interruption Insurance - Business interruption insurance covers lost income and expenses resulting from NE property damage or loss. For example, if a fire forces you to close your doors for two months, this insurance would reimburse you for salaries, taxes, rents, and net profits that would have been earned during the two-month period.

Workers Compensation - Once the first employee has been hired, workers' compensation insurance should be added to your audiology insurance policy. In many states, it is mandated for any non-owner employees. NE workers comp will cover medical treatment, disability and death benefits in the event an employee is injured or dies as a result of his work with you. Even though your employees are performing seemingly low-risk work, slip-and-fall injuries or medical conditions such as carpal tunnel syndrome could result in a pricey claim.

Umbrella - An umbrella policy is an excess liability policy for claims that exceed the limits of the underlying liability policies.

NE Audiology Insurance

As an Audiologist, you've dedicated your career to helping others, and you should be free to focus on your clients without worrying about a threat to your livelihood. With Nebraska audiology insurance, you can have peace of mind knowing you're protected in the event of a claim or suit, a grievance from a regulatory board, plus many other coverage benefits.

Nebraska Economic Data, Regulations And Limits On Commercial Insurance

Made In Nebraska

Are you an entrepreneur? Are you looking for a location to open up your startup or a new division of your existing business? If so, then it's imperative that you choose a place that offers an environment that's favorable to your specific industry.

Why? Because it doesn't matter how excellent and useful your products or services may be, if the location where your business is located doesn't offer an environment that's conducive to your specific industry, chances are you'll have a hard time achieving the success that you desire.

If you are thinking about starting a business in the state of Nebraska, understanding the current economic trends can help you determine if it's the right place for your operation.

Knowing what commercial insurance policies are required is also important so that you can ensure you are properly protected and that you are operating within compliance of the law. Below, we provide an overview of both of these crucial factors for entrepreneurs who are considering Nebraska for their operations.

Economic Trends For Business Owners In Nebraska

According to the most recent report from the Bureau of Labor Statistics, the unemployment rate of Nebraska was 3.1% in December, 2019, which is a total of 0.4% lower than the national average of 3.5% during the same time.

This rate held steady throughout most of 2019, and economists predict that it will continue to hold steady in the upcoming years. This is a good indicator for business owners who are thinking of setting up their operations in Nebraska, as they suggest that the workforce is strong, which is a direct correlation to the business climate.

While the entire state of Nebraska offers ample business opportunities for Nebraska, there are key areas that offer more favorable conditions for entrepreneurs. These locations, as in most states, include metropolitan areas and the regions that directly surround them, including:

  • Bellevue
  • Grand Island
  • Kearney
  • La Vista
  • Lincoln
  • Omaha
  • Papillion

These regions have a large workforce and a higher median income than other areas throughout the state, which is good for prospective business owners.

Multiple industries are seeing gains in the state of Nebraska; however, there are certain sectors that are seeing more growth than others.

If you are thinking about starting a company in any of the following industries, NE offers great opportunities:

  • Finance and insurance, as is indicated by some of the key players in these industries that are located in the state, including Mutual of Omaha and Berkshire Hathaway.
  • Health care and social assistance, thanks to the University of Nebraska Medical Centers.
  • Manufacturing, in particular agriculture; however, the manufacturing of various other products also do well in this state.
  • Transportation; the Union Pacific Railroad, for example, provides a wealth of jobs for residents of the state.

These regions and the areas that surround them are home to numerous businesses, offer easy access to national markets, and provide a healthy and diverse workforce.

Commercial Insurance Requirements In Nebraska

The Nebraska Department of Insurance regulates insurance in NE. Nebraska mandates very few forms of insurance coverage by law. They enforce worker's compensation.

Nebraska requires you to have worker's compensation insurance if you hire even one employee on a regular basis. This includes part-time employees, family members, minors, and immigrant employees. It is not required for independent contractors or domestic employees, though you should check to make sure any contractors you have are true contractors, and not employees.

Nebraska also requires all business-owned vehicles to be covered by commercial auto insurance. Other types of business insurance that business owners should carry depend on the specific industry.

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 Nebraska Audiology insurance quote in Ainsworth, Albion, Alliance, Alma, Arlington, Ashland, Atkinson, Auburn, Aurora, Battle Creek, Beatrice, Bellevue, Bennington, Blair, Broken Bow, Burwell, Central City, Chadron, Chalco, Columbus, Cozad, Crete, Dakota City, David City, Fairbury, Falls City, Fremont, Fullerton, Geneva, Gering, Gibbon, Gordon, Gothenburg, Grand Island, Grant, Gretna, Hartington and Bridgeport, Hastings, Hebron, Hickman, Holdrege, Imperial, Kearney, Kimball, La Vista, Lexington, Lincoln, Louisville, Madison, McCook, Milford, Minden, Mitchell, Nebraska City, Neligh, Norfolk, North Bend, North Platte, O'Neill, Oakland, Offutt AFB, Ogallala, Omaha, Ord, Papillion, Pierce, Plainview, Plattsmouth, Ralston, Ravenna, Schuyler, Scottsbluff, Seward, Sidney, South Sioux City, Springfield, St. Paul, Stanton, Stromsburg, Superior, Sutherland, Sutton, Syracuse, Tecumseh, Tekamah, Terrytown, Valentine, Valley, Wahoo, Wakefield, Waverly, Wayne, West Point, Wilber, Wisner, Wood River, Woodland Park, Wymore, York, Yutan and all other cities near me in NE - The Cornhusker State.

Also find Nebraska insurance agents & brokers and learn about Nebraska small business insurance requirements for general liability, business property, commercial auto & workers compensation including NE business insurance costs. Call us (402) 235-4795.

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