How Much Is Professional Liability Insurance? 6 Factors That Affect Price
Do you own a small business, mental health practice, or other type of company? If so, you could benefit greatly from paying for professional liability insurance. Professional liability insurance—also known as medical malpractice insurance (for medical professions)—can help protect you in the face of a lawsuit. If you’re wondering, “How much is professional liability insurance?”…
Read More5 Situations Where Testing Labs May Be Legally at Risk
Laboratory testing is a crucial part of healthcare, and up to 80% of decisions made by doctors rely on such tests. Unfortunately, there are a number of legal risks associated with testing labs, which are regulated by CLIA and subject to penalties if they don’t conform. Read on to find out whether you may be…
Read MoreHow Digital Pharmacies Will Change the Industry
As consumers become more accustomed to purchasing nearly everything they need online, it’s no surprise that the pharmacy industry is following suit. Digital-only pharmacies have been on the rise for years with new businesses trying to set up shop and capture market share. At the same time, traditional pharmacies are working to digitize their operations,…
Read MoreWhen Are Lab Technicians Liable? Five Reasons to Carry Professional Liability Insurance
When most people think of medical malpractice, they don’t think of lab technicians. Unfortunately, as more lab tests become available to diagnose medical conditions, laboratory technicians have an increased risk of getting sued if they make a mistake that leads to patient harm. Moreover, if a patient sues for malpractice, they usually include everyone involved…
Read MoreCan Lab Technicians Be Sued for Malpractice?
When you make the decision to pursue a career as a lab technician, malpractice insurance is probably not at the top of the list of requirements you’ll have to meet to fulfill your dream. However, lab technicians can be sued for malpractice, so it’s important to protect your career by purchasing professional liability insurance (also…
Read More5 Reasons Cyber Security Insurance Is Becoming More Important Than Ever
With more businesses moving their data into the cloud, there is more emphasis on keeping data secure – both for the business and for the private data of consumers. While cyber security is a top priority for many business owners, many still overlook the need for cyber security insurance, especially new and small businesses. This…
Read MoreWhy COVID Testing Labs Should Have Cyber Security Insurance in Case of a Data Breach
COVID testing labs have popped up around the country as the need for mass virus testing has emerged as one of the best ways to slow the spread of this deadly disease. They were needed so quickly that companies might not have considered all the necessary protections needed to ensure the organization is covered in…
Read More6 Risks Lab Technicians Face Without Professional Liability Insurance
Lab technicians are not commonly mentioned in discussions of professional liability insurance. But this doesn’t mean you don’t need it, especially as medical laboratories become increasingly inundated with tests due to the COVID-19 pandemic. For a single lab handling thousands of tests per year, there is tremendous potential for exposure to legal proceedings. 6 Risks…
Read MoreLab Technicians: Is a Travel Job Right for You?
Nearly every career has an “appreciation day” set aside once a year. But did you know lab technicians enjoy an entire appreciation week? And for good reason: You are the unsung heroes of medical facilities. Your attention to detail can save lives. And at the moment, you are working over-time to process millions of COVID…
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