Healthcare Providers

The Mahoney Group is one of the leading healthcare facility and provider insurance brokers in the U.S. Whether you're running a hospital or a small physician group, we understand your business faces a wide range of ever-growing risks. That's why we're committed to providing tailored insurance solutions that fit your needs. Read on to learn more about our healthcare insurance services.

Healthcare providers face a range of risks and exposures every day. Here are some of the most significant ones:

Malpractice claims: Healthcare providers, such as hospitals and nursing homes, face the risk of malpractice claims from patients or their families. These claims can result in costly legal fees, settlements, or judgments.

Cybersecurity breaches: Healthcare facilities hold sensitive patient information, making them an attractive target for cybercriminals. Cybersecurity breaches can result in data loss, business interruption, and potential liability for damages.

Natural disasters: Healthcare facilities are at risk of damage from natural disasters such as hurricanes, floods, earthquakes, and wildfires. These events can cause significant property damage, business interruption, and potential liability claims.

Employee injuries: Healthcare facilities have a higher risk of employee injuries due to the nature of the work. Employee injuries can result in workers' compensation claims, lost productivity, and potential liability claims.

Property damage: Healthcare facilities are at risk of property damage from various events such as fire, vandalism, or theft. Property damage can result in significant repair costs, business interruption, and potential liability claims.

Regulatory and compliance risks: Healthcare providers are subject to numerous regulations and compliance requirements, which can result in penalties or fines if not followed properly. Failure to comply with regulations can also result in liability claims.

Business interruption: Healthcare providers rely on their facilities to provide services to patients. Business interruption due to events such as natural disasters, power outages, or cybersecurity breaches can result in lost revenue, additional expenses, and potential liability claims.

It's important for healthcare providers to work with experienced insurance professionals to identify and manage these risks, and to obtain comprehensive insurance coverage that protects against these perils.