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Our healthcare & diagnostics insurance in India offers end-to-end protection. Ensure your healthcare facility is covered against unforeseen challenges.
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Insurance Policy to Cover Healthcare & Diagnostics Businesses
Advanced Cyber Insurance for Healthcare Companies
With cyber insurance for healthtech startups, you get protection from the devastating impact of cyber attacks and data breaches. Ensure patient confidentiality and maintain trust with Covrzy.
What are the Risks Faced by Healthcare Companies
Data Breaches Due to Cyber Attacks
The Indian healthcare sector experienced an average of 6,935 cyber attacks per week over the past six months, compared to 1,821 attacks per organization globally.
Increase in Annual Medical Malpractices
An alarming 5.2 million cases related to medical malpractice are reported annually across various healthcare settings in India.
Surgical Errors
Surgical procedures are responsible for about 80% of deaths caused by medical errors, emphasizing the need for strict protocols and insurance coverage.
Insured Professionals: Who's Covered?
Medical Practitioners (including specialists and surgeons)
Diagnostic Centers & Laboratories
Employees (Full-time, Part-time, Contractual)
Patients & Third Parties
Inclusions
Data Breach Response
Cyber insurance for healthcare companies covers costs related to managing data breaches, including notification and legal expenses.
Medical Malpractice Claims
Professional liability insurance for doctors provides coverage for legal defense and settlements related to alleged medical errors or negligence.
Employment-Related Claims
Employment Practices Liability Insurance covers claims of discrimination, harassment, and wrongful termination within healthcare facilities.
Third-Party Liability
Commercial General Liability Policy provides coverage for bodily injury or property damage claims made by third parties, essential for the healthcare industry.
Exclusions
Intentional Damage
Does not cover damages caused intentionally by the insured.
Prior Knowledge
Does not cover claims arising from circumstances that were known or should have been known prior to the policy inception date.
Pre-Existing Conditions
Health insurance for startups often excludes coverage for pre-existing medical conditions unless otherwise specified.
Insured vs Insured Claims
Generally excludes claims made by one insured party against another within the same organization.
War and Terrorism
Excludes damages resulting from acts of war or terrorism.
How are Healthcare Companies Covered with Insurance?
In November 2022, the All India Institute of Medical Sciences (AIIMS) in New Delhi suffered a massive cyberattack that compromised the health data of more than 40 million patients. The attack led to significant operational disruptions and financial issues. With Cyber Insurance for healthcare companies, the healthcare & diagnostics industry can easily mitigate the financial impact of this disaster.
Secure your Healthcare Company Today!
Explore comprehensive insurance plans for healthcare & diagnostics businesses to safeguard your business. Connect with our expert to craft your perfect insurance plan.
Frequently Asked Questions
What does liability insurance for the healthcare industry cover?
It covers claims related to patient injuries, property damage, and legal fees, ensuring financial protection for healthcare providers.
What is a cashless claim?
What is included in professional liability insurance for doctors?
Do you have more questions?
Contact us for any queries related to business insurance, coverages, plans and policies. Our insurance experts will assist you.
Never Let Risks Compromise Your Care
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