Insurance Glossary

Professional Services
Professional services means those services for which you are certified, licensed, accredited, trained, being trained, or are otherwise qualified to provide within an allied health care specialty specified in your policy.

Protect your career and your personal assets against a broad range of claims with liability coverage as W-2 employee of an entity providing healthcare services.

Protect your career and your personal assets against a broad range of claims with liability coverage for self-employed healthcare providers or those engaged in partnerships, limited liability companies, and corporations.

Students of the Health Care Profession
As a student, you will be insured for claims resulting from participation in a practicum or internship. Students much be working under the direct supervision of another licensed or qualified allied or health professional qualified to supervise your professional services and who monitors such services to verify they are being provided in conformance with the standard of care relevant to the student’s Health Care Specialty.

General Liability
General Liability provides protection for premises liability, host liquor, and fire legal liability. The policy includes General Liability including “slip-and-fall” coverage as a part of the standard policy. No additional premium is charged for this coverage. General liability coverage is designed to protect the insured if another person is injured in the provider’s office. For example, if someone slips on the carpet in the office and sustains an injury, the premises liability portion of the policy would be triggered. That is why this coverage is commonly referred to as “slip and fall” coverage. General liability coverage will follow you wherever your work takes you. (Rules for General Liability vary in Illinois and New York)

Features: Disclaimer
This product information contained herein is a summary only and is not a contract. The insurance policy actually issued contains the terms and conditions of the contract. All products and coverages may not be available in all states. The insurance is provided by ACE American Insurance Company, Philadelphia, PA, and,in some jurisdictions, other insurance companies within the ACE Group.

An occurrence policy covers you for any incidents that happen during the policy term – regardless of when the claim may be filed.

$1 million/$3 million
The policy has a per-incident limit and an aggregate limit. The per-incident limit is the maximum the policy will pay in damages for one incident, occurrence or offense. The aggregate limit is the maximum the policy will pay for all damages if there are multiple claims that apply to the same policy term.

Personal Injury Liability
The policy includes coverage for personal injury claims arising from your practice. You are protected against allegations of false arrest, detention, confinement, imprisonment, or malicious prosecution; the publication or utterance of libel, slander, or other defamatory or disparaging materials; publication or utterance in violation of an individual’s right of privacy; wrongful entry or eviction; or other invasion of the right of private occupancy.

Fire/Water Legal Liability
This coverage provides protection against claims by your landlord for fire and water damage to space occupied by you, where such damage caused by you or your employees or other parties for whom you are legally liable. This can be an important coverage in the event you lease space and are required to provide evidence of insurance to your landlord.

Separate General Liability Limit for Groups
General Liability coverages provided at no additional premium are included in the same limits applying to Professional Liability. Group applicants may, for an additional premium, endorse the policy so that each coverage part has its own separate limits.

Licensing Board Defense
Licensing Board Defense (LBD) reimburses you for up to $25,000 for reasonable and necessary attorney fees and costs you incur as a result of an investigation by a state licensing board. Some policies require that a client file a complaint against you before they take effect. This policy reimburses for such fees and costs incurred by you as a result of any investigation by a state licensing board. This coverage is provided at no extra expense. (This may not be available in all states)

Defendant’s Reimbursement Benefit
The policy will pay up to an aggregate limit of $25,000 for defendant expenses incurred as the result of being a defendant or co-defendant in a suit seeking damages arising from a claim covered by the policy when you are required to attend a trial or proceeding by the insurance company. The benefit is intended to reimburse the insured for expenses, including lost time. It is important to note this coverage does not apply to disciplinary or licensing board proceedings.

Deposition fees and expenses
This coverage is provided at no extra expense. If you are subpoenaed during the policy term to attend a deposition arising out of your professional activities, this supplemental coverage will pay reasonable and necessary fees and expenses charged by an attorney to represent you up to the $10,000 aggregate limit.

The Assault coverage provides up to $25,000 aggregate limits for medical expenses you incur if you are assaulted while at work or while community to and from work. Coverage also applied to your property, other than your vehicle. Assault coverage is included at no additional cost and is excess insurance above other available insurance specifically written as primary insurance.

Medical Expense
This coverage pays up to $25,000 per person and $100,000 aggregate to reimburse for reasonable and necessary medical expenses of others injured at your workplace premises, regardless of fault.

First Aid
This coverage provides up to $10,000 per policy term, for expenses you incur in rendering first aid to others as a result of bodily injury.

Damages to Property of Others
This coverage provides up to $10,000 per policy term, if you accidentally cause damage to the property of others at your workplace premises while providing professional services.

HIPAA Fine and Penalties and Consumer Notification Cost
Included in the policy is coverage for fines and penalties that you may incur as a result of a HIPAA investigation. The policy also covers notification costs to third parties whose information may have been compromised.

Sexual Misconduct
Included in the policy is liability coverage for allegations of sexual misconduct. The coverage insures you up to the applicable $25,000 aggregate sublimit of liability, for amounts you are legally obligated to pay as a result of covered claims involving acts of sexual misconduct arising out of your provision of professional services. There is no coverage for criminal acts, including consensual sexual activity.

Defense expenses and indemnity
If you have a covered claim, the carrier defends you and the costs incurred to defend you, do not diminish the limits of liability available to pay covered damages.