Diagnostic Imaging Centers Insurance Policy Information

Diagnostic Imaging Centers Insurance Diagnostic imaging centers work closely with doctors, surgeons, and other medical professionals and specialists. Images produced not only help doctors diagnose patients, but learn new ways to treat them for different conditions, ailments, and conditions as well.
With the type of imaging taken in these facilities, it is extremely important to have a diagnostic imaging centers insurance policy in place. So what will the diagnostic imaging centers insurance policy protect?
Of course this depends on the extent and policy options added; these are some of the basics as it pertains to coverage for a diagnostic imaging center or facility.
Diagnostic imaging centers insurance protects your facility from lawsuits with rates as low as $97/mo. Get a fast quote and your certificate of insurance now.
Below are some answers to commonly asked diagnostic imaging centers insurance questions:
- What Is Diagnostic And Imaging Centers Insurance?
- How Much Does Diagnostic And Imaging Centers Insurance Cost?
- Why Do Diagnostic & Imaging Centers Need Insurance?
- What Type Of Insurance Do Diagnostic & Imaging Centers Need?
- What Does Diagnostic Imaging Centers Insurance Cover & Pay For?
What Is Diagnostic And Imaging Centers Insurance?
financial protection for diagnostic and imaging centers against financial losses due to claims of medical malpractice, negligence, or other liabilities.
This insurance covers the cost of legal defense and any settlements or damages awarded in a court of law. This type of insurance is essential for diagnostic and imaging centers, as it helps to protect them from the high costs of defending against malpractice claims and helps to minimize the financial impact of these claims on their business operations.
How Much Does Diagnostic And Imaging Centers Insurance Cost?
The average price of a standard $1,000,000/$2,000,000 General Liability Insurance policy for small diagnostic and imaging centers ranges from $97 to $159 per month based on location, patient volume, payroll, sales and experience.
Why Do Diagnostic & Imaging Centers Need Insurance?
Diagnostic and Imaging Centers need insurance to protect against potential losses and financial risks. The medical industry is a complex and heavily regulated field with a significant amount of risk involved, including:
Medical malpractice lawsuits: Diagnostic and Imaging Centers are at risk of being sued for medical malpractice, which can result in large settlements or judgments. Insurance coverage can help cover the cost of legal defense and damages.
Equipment damage or loss: Imaging equipment can be expensive to repair or replace, and insurance coverage can help cover the cost of unexpected repairs or replacements.
Data breaches: Diagnostic and Imaging Centers handle sensitive patient information, and a data breach could result in significant financial losses due to legal and regulatory penalties.
Employee injuries: Diagnostic and Imaging Centers often have employees working with heavy equipment and hazardous materials, and insurance coverage can help cover the cost of medical expenses and lost wages.
In summary, insurance coverage helps protect Diagnostic and Imaging Centers from the financial losses and risks associated with running a medical business, ensuring that they can continue to provide quality healthcare services to their patients.
What Type Of Insurance Do Diagnostic & Imaging Centers Need?
Below are some examples of diagnostic imaging centers insurance policies:

Professional Liability: Also know as professional liability or malpractice. If a client believes they've suffered some kind of loss due to error, mistake, or misdiagnosis, this diagnostic imaging centers insurance coverage will shield you from liability and lawsuits falling under this category.
As an imaging center, working with medical professionals, mistakes do occur. Therefore, shielding your business from the liabilities and possible conflicts of interests with doctors and medical professionals, is in your best interest.
This policy will cover the imaging center from claims which stem from errors or mistakes made from imaging results.
General Liability: Your diagnostic imaging centers insurance policy should also contain a general liability protection plan. Third party claims of bodily injury (such as slip and fall or injured by equipment) would be covered.
In addition to protecting your business from costly lawsuits, this policy is also required with many imaging facility leases in different buildings/properties, simply to shield the property owner from claims and lawsuits of this nature.
Commercial Property: The physical assets are protected under this policy prong in your diagnostic imaging centers insurance policy. This policy however only protects "covered events."
So depending on where in the imaging facility is, if fire, earthquakes, or other natural events occur regularly in the area, these should be specifically stated in the policy protection coverage.
Business Owners Policy (BOP): A BOP policy packages combines business property and business liability insurance in one policy.
Worker's Compensation: In most states, workers comp is required for any non-owner employees. When you have employees in a facility, injuries occur. If faulty equipment is the reason, if another employee injures a co-worker, if they slip and fall, or if other workplace accidents occur, this policy protection will shield the imaging facility from liability.
Workers comp also shields against false claims or lawsuits, if a disgruntled former employee is simply trying to take something from the employer.
Commercial Umbrella: This is an excess liability policy, which is going to protect your business in the event of an extremely large claim. The umbrella policy is going to cover the additional costs and expenses which are typically tied to lawsuits, medical claims, or other injuries which might take place in the imaging facility.
For a business which faces a variety of risks, or one which is earning extremely high profit margins, it is worth investing in this additional protection, simply as a back up resource to protect your business from liabilities it faces.
What Does Diagnostic Imaging Centers Insurance Cover & Pay For?

Diagnostic imaging centers can be sued for various reasons, including:
- Misdiagnosis or delayed diagnosis: If a radiologist fails to correctly interpret an imaging study or delays the diagnosis, it can result in harm to the patient and a malpractice lawsuit against the imaging center.
- Equipment malfunction: Malfunctioning imaging equipment can result in missed diagnoses or inaccurate results. Patients can file lawsuits against the imaging center for the equipment failure.
- Negligence: Negligent actions or omissions by the imaging center or its staff can lead to patient harm, such as failure to obtain informed consent or failure to follow safety procedures.
- HIPAA violations: If an imaging center violates patient privacy laws or breaches confidentiality, it can result in a lawsuit.
Insurance can help protect diagnostic imaging centers in several ways.
For example, malpractice insurance can cover the costs of a lawsuit arising from misdiagnosis or delayed diagnosis, such as legal fees, settlement payments, or judgments. In the event of equipment malfunction, the imaging center's property insurance may cover the costs of repairing or replacing the equipment and any related damages.
General liability insurance can provide coverage for claims of negligence or HIPAA violations, such as legal defense costs or settlements. Cyber liability insurance can help cover costs associated with a data breach or cyberattack that compromises patient data.
Overall, insurance can help diagnostic imaging centers mitigate the financial impact of a lawsuit and protect their assets in case of unforeseen circumstances.
Commercial Insurance And Business Industry Classification
- SIC CODE: 8071 Medical Laboratories
- NAICS CODE: 621512 Diagnostic Imaging Centers
- Suggested Workers Compensation Code(s): 8832 Physician & Clerical
Description for 8071: Medical Laboratories
Division I: Services | Major Group 80: Health Services | Industry Group 807: Medical And Dental Laboratories
8071 Medical Laboratories: Establishments primarily engaged in providing professional analytic or diagnostic services to the medical profession, or to the patient on prescription of a physician.
- Bacteriological laboratories (not manufacturing)
- Biological laboratories (not manufacturing)
- Blood analysis laboratories
- Chemists, biological: (not manufacturing) laboratories of
- Dental laboratories, X-ray
- Medical laboratories, clinical
- Pathological laboratories
- Testing laboratories, medical: analytic or diagnostic
- Urinalysis laboratories
Diagnostic Imaging Centers Insurance - The Bottom Line
There is no single way to determine what might go wrong, when it is going to go wrong, or how to prevent things from going on; this is especially the case when dealing with medicine, doctors, imaging, and other medical results/testing.
Therefore, any medical imaging facility which hopes to shield itself and protect itself from constant liabilities, lawsuits, and threats, must invest in a commercial insurance policy.
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.
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The medical industry is a crucial sector that plays a vital role in ensuring the health and well-being of individuals. It is a complex and highly regulated industry that requires specialized knowledge and expertise. As a result, the medical industry is exposed to a variety of risks, including legal and financial liabilities.
One of the main reasons why the medical industry needs commercial insurance is to protect against medical malpractice. Medical malpractice occurs when a healthcare provider deviates from the standard of care and causes harm to a patient. It can lead to costly lawsuits and significant financial losses for the healthcare provider. Business insurance helps to cover these costs and protect the financial stability of the medical facility.
Another reason the medical industry needs business insurance is to cover the cost of regulatory fines and penalties. The medical industry is subject to strict regulations and any violations can result in significant fines and penalties. Business insurance helps to cover these costs and protect the financial stability of the medical practice or facility.
In addition, the medical industry is vulnerable to data breaches and cyber attacks. These incidents can result in significant financial losses and reputational damage for the medical facility. Business insurance helps to cover the cost of recovering from a data breach or cyber attack and helps to protect the reputation of the medical facility or practice.
Overall, business malpractice insurance is an essential component of the medical industry. It helps to protect against the financial and reputational risks associated with the medical industry and helps to ensure the financial stability and success of medical practices and facilities.
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.