Your medical office faces many types of risks in addition to the common issues most businesses face. Insurance for your office covers you in a variety of ways, helping you get back to the business at hand. The Merchants Advantage Plus® program can help make sure your business is protected with the proper coverage to help you succeed.
General Liability (GL) Insurance
Helps protect your business from claims involving bodily injury and third-party property damage, for example, if a customer slips and falls while visiting your office or if a customer’s personal property is damaged while it is at your office location. Merchants has liability coverages available to help protect your medical office such as:
Employment Practices Liability (EPL) (Not available in Vermont)
EPL coverage protects you against employee claims of discrimination, sexual harassment and wrongful termination.
Fire Legal Liability
If you rent office space, this coverage will protect you if damage is caused to the building or parts of the building you occupy by a fire that you are legally liable for.
Hired Auto and Non-Owned Auto Liability Coverage
Provides excess liability coverage for personally-owned or rented autos used by you and your employees for your business. (This coverage is automatically included ONLY IF you do not have a separate Commercial Automobile policy.)
Commercial Property Insurance
Building and Business Personal Property Coverage protects you against loss to your physical assets such as your building, its contents, and your equipment.
Equipment Breakdown
Equipment Breakdown coverage responds to the cost of repairing or replacing mechanical, electrical or pressure systems equipment that suffers a breakdown. Covered property can include office air conditioning, emergency generators, and communications equipment.
Business Income & Extra Expense
Provides reimbursement of net lost business income and continuing normal operating expenses due to the suspension of your business operations from a covered loss.
Computer Coverage
Protects against loss or damage to computers from a covered loss. Coverage includes Data Restoration that will restore electronic data destroyed or corrupted by a covered loss.
Valuable Papers and Records
Coverage is included for the replacement of valuable papers, records and forms, including electronic media. This coverage is limited to the cost of recreating or restoring the lost or damaged documents.
Accounts Receivable
Protects your business against the inability to collect on accounts receivable due to the loss of supporting records destroyed by a covered Cause of Loss.
Employee Dishonesty
Covers loss due to theft committed by your employees.
Need Additional Coverage?
Merchants also offers Optional Coverages to complete your policy for your Medical Office:
Cyber Liability Coverage (Not available in Vermont)
This provides comprehensive data security and privacy coverage that addresses both first party losses and third party liability claims, expert claims handling and breach response services in the event of a suspected breach, and a risk management website which provides information, guidelines and tools to help mitigate risk before a breach occurs.
Employee Benefits Liability
Provides coverage for damages resulting from negligent acts, errors or omissions relating to administration of your employee benefits program.
Money savings discounts for:
- Protective devices for fire and burglar alarms
- Automatic sprinkler systems
- Multiple policies with Merchants Insurance Group
