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Insurance for health care providers.
Whether you run a GP or TCM clinic, or even a veterinary practice, you’ll need health care providers insurance to protect yourself. Our health care providers insurance starts with medical malpractice insurance, so that you’re protected against professional liability. You’ll also want to cover yourself against staff injuries and Covid-19 infections, public liability, and clinic/office premises damage.
It’s quick, tailored, and affordable cover with Provide.
What types of insurance do health care providers need?
Cover | Explanation | Importance for health care services |
Medical malpractice insurance / professional indemnity insurance | Covers professional liability while providing medical services | Compulsory for doctors
Critical for all other health care providers |
Work injury compensation insurance | Covers employee work-related injuries/sickness, including Covid-19 infections | Critical |
Commercial property insurance | Covers fire, water damage, burglary, etc. | Critical |
Public liability insurance | Covers customer injuries, and third-party property damage (e.g. during renovations) | Critical |
Machinery and Equipment | Covers damage/breakdowns of medical machines and equipment (e.g. laser equipment) | Good to have |
Commercial property insurance
Commercial property insurance will protect your store premises, business inventory, display windows, and all other shop contents.
Public liability insurance
Public liability insurance will protect you from liability for injuries/property damage to third-parties.
Fidelity guarantee insurance
Fidelity guarantee insurance will protect you from employees stealing from your business.
How much does health care industry insurance cost?
Cover | Coverage amount (example) | Typical premium |
Medical malpractice insurance / professional indemnity insurance | $1 million | From $1,500/year |
Work injury compensation insurance | $10 million (market standard, required by Singapore law) | From $100/year per person |
Commercial property insurance | $100,000 | From $100/year |
Public liability insurance | $100,000 | From $100/year |
Machinery and Equipment | $100,000 | From $200/year |