A hospital carries a rare combination of exposures — multi-crore diagnostic equipment, life-and-death professional decisions, sensitive patient data, and a duty of care to everyone who walks in. A healthcare insurance programme has to answer all of them at once.
What healthcare insurance is
Healthcare insurance is arisk programme for hospitals, clinics and diagnostic centres, bringing together property, medical-equipment, professional-liability, public-liability, people and cyber cover into one coordinated whole.
The insurance needs of a hospital
- Property and firecover for buildings and contents, with business interruption;
- Medical-equipmentcover for high-value diagnostic machines;
- Professional indemnity / medical malpracticefor the institution and its doctors;
- Public liabilityfor the premises;
- Employee benefitsfor staff; and
- Cyberfor patient records.
Medical equipment cover
MRI, CT, cath-lab and diagnostic systems represent enormous investment and are sensitive to breakdown. Cover — viaelectronic-equipment and machinery-breakdownpolicies — protects the equipment, the cost of restoring data, and the increased cost of working while it is repaired.
Healthcare liability explained
Property & business interruption
Beyond fire and equipment,business interruptionprotects the income lost if a wing or facility is put out of service — a real exposure for a revenue-dense hospital.
People & patient data
Programmes includegroup health, personal-accident and term-lifecover for staff, and increasinglycybercover — patient records are among the most sensitive personal data there is, and the DPDP Act, 2023 raises the stakes of a breach considerably.
Who needs it
Hospitals, nursing homes, day-care and surgical centres, diagnostic and imaging centres, clinics and polyclinics.
What it does not cover
Typical Exclusions
- •criminal or deliberate acts;
- •claims and circumstances known before cover began;
- •services outside the scope of the institution’s registration; and
- •fines and penalties that are uninsurable by law.
How Aurevian helps
Aurevian helps youcoordinate property, equipment, malpractice, liability, people and cyber cover, value diagnostic equipment correctly, set malpractice limits to your specialties, and manage claims— a single programme for an unusually complex risk.
“A hospital insures machines worth crores, decisions worth lives, and data worth protecting — and needs all three covered as one.”
