Customizing Your NEMT Insurance: What Coverage Options Should You Consider?

Operating a nonemergency medical transportation (NEMT) business can help you save lives in your community. However, the medical industry is rife with risks and exposures, and when combined with the dangers of operating motor vehicles, your company’s loss control measures must be especially robust. At Transglobe Insurance Agency, we can help you address legal requirements while securing sufficient coverage at ideal rates.

What Is NEMT Insurance?

NEMT insurance can generally be seen as a specialized form of business insurance. If your company owns ambulances or other motor vehicles and uses them to transport patients, you’ll likely need to address road-related risks and exposures, as well as other potential incidents. Failing to secure appropriate coverage could impose fines and legal penalties, as well as costly out-of-pocket expenses.

What Should My Insurance Cover?

As you formulate your insurance coverage, you should make sure that your policies address all relevant risks and exposures. Minimal policies that only fulfill formal requirements may leave perilous coverage gaps that could leave you underinsured and facing potentially devastating losses. Consider including the following financial protections in your NEMT insurance package:

• Commercial auto insurance may cover ambulances and other vehicles, potentially offsetting losses and expenses if you’re involved in accidents on the road or your vehicles are otherwise damaged.

• Professional liability insurance may limit financial consequences if a patient or client accuses you of providing improper services, such as if you forgot to pick them up or caused them to miss an appointment due to driver errors.

• Workers’ compensation insurance can help your company and employees manage losses and expenses if staff are injured on the job or develop work-related illnesses.

• Commercial property insurance can help address incidents affecting your buildings and other tangible assets stored at your place of business, such as inventory and equipment.

• General liability insurance can help pay for third-party losses occurring on your business premises or as a result of your operations, such as bodily injuries, property damage and reputational harm.

• Cyber liability insurance may limit out-of-pocket losses arising from data breaches, such as if patients’ health records are compromised.

• Inland marine insurance can offer off-site coverage for company assets, such as wheelchairs, stretchers and other medical devices used while transporting patients.

• Commercial umbrella insurance can provide secondary liability coverage for incidents impacting third parties where losses exceed other policies’ coverage limits.

Learn More

Contact Transglobe Insurance Agency today to discuss coverage options and compile a suitable NEMT insurance package.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.