Russell Bond & Co., Inc. March 2018  
 
Telemedicine Providers
 
Telemedicine offers significant benefits for healthcare providers and patients alike, providing on-demand access to high quality medical expertise that may be difficult or impossible to access locally.  With an aging population and a rising incidence of chronic diseases, Telemedicine can alleviate the burden on the healthcare system.  And technological advances continue to broaden the services that can be provided.

But telemedicine comes with risks. These include potential jurisdictional issues and legal challenges when a doctor is in one state or country and his or her patients in another. It is also clearly more difficult for a remote physician or other healthcare professional to intervene in a rapidly deteriorating or acute situation.

Currently, a company active in the fast growing telemedicine sector will normally need at least two insurance policies, and often more, to cover its varied exposures.  Russell Bond has a product that avoids the potential gaps in coverage that can arise with piecemeal approach.  Coverage is provided for:
  • Medical providers (physicians, psychiatrists, psychologists, NPs / PAs, RNs; hospitals and other medical facilities; dentists and many other ancillary workers)
  • Software / hardware / products manufacturers or developers (smart phones, tablets, laptops, monitors, watches, medallions)
  • Telemedicine platform hosts

These clients can provide information on patient and provider matching; second opinions; follow-up care; pinpoint delivery of specialty care; delivery of remote care; remote monitoring of patients; health products, web based information.
 

Coverages:

  • Professional Liability (medical malpractice)
  • Technology based services liability
  • Technology products liability
  • General liability and products/completed operations liability
  • Fire legal liability
  • Medical payments
  • Employee benefits liability
  • Information security and privacy liability
  • Privacy breach response services
  • Regulatory defense and penalties
  • PCI fines, expenses and costs
  • Multimedia and advertising liability
  • Physician limits that automatically adjust based on jurisdiction (PA, LA, IN, VA, NY)
  • Blanket coverage for physicians, independent contractors and other level providers
Telemedicine Providers
Image courtesy of imagerymajestic at FreeDigitalPhotos.net
   
Coverages are provided in separate towers subject to a policy aggregate.  General liability is available on a claims made or occurrence form.
 
Call us for more information:  800-333-7226
 
Tonya Hollederer Ed Chadwick Jackie Oddo
Tonya Hollederer, ext. 133
Team Leader
thollederer@RussellBond.com
Ed Chadwick, ext. 261
echadwick@RussellBond.com
Jackie Oddo, ext. 161
joddo@RussellBond.com
     
A Wholesale Insurance Broker Unlike Any Other TM
 
____________________________________________________________________________
68 Years
1950 - 2018
866 Ellicott Square Bldg.  |  295 Main Street  |  Buffalo  |  NY  |  14203
1670 Whitehorse - Hamilton Square Road  |  Hamilton  |  NJ  |  08690
Hampton Ponds Plaza # 12 |  1029 North Road  |  Westfield  |  MA  |  01085
800.333.7226  |  www.RussellBond.com  |  Fax: 800.677.6779
Trusted since 1950