S.H. Smith & Company Has a Unique Understanding of the Insurance Needs Associated With the Healthcare Industry.

With over 780,000 hospitals, doctor offices, emergency care units, nursing homes, and social services providers with combined annual revenue of more than $2 trillion, the burgeoning U.S. healthcare industry is among the largest sectors in the U.S. economy.*

Continued industry growth, increased consumer and regulatory scrutiny, and an inability or unwillingness to enact meaningful tort reform combine to increase the exposure facing healthcare organizations and professionals. With our staff of experienced professionals, and customer service second to none, S.H. Smith & Company is well equipped to ensure that your clients in the healthcare industry secure quality and comprehensive insurance coverage.

HOME HEALTHCARE
As our population ages, the $57 billion* Home Health and Visiting Nurse market continues to be one of the fastest growing sectors of the healthcare spectrum. We have had considerable success manuscripting policies specifically for these accounts. High coverage limits available, low or in some cases, no deductibles.

FREESTANDING HEALTHCARE CLINICS
Freestanding Healthcare Clinics such as Organ, Blood, and Tissue Banks as well as Women's Healthcare Clinics, Outpatient Mental Health, Surgical Centers, and Social Service Agencies. We offer great markets for these areas, a solid base of GL/PL, and the option to add on coverage such as property, inland marine, crime and non-owned auto. Occurrence or claims made forms available. Markets are vying for these areas; we have been able to place some exceptional deals.

CYBER, SECURITY & PRIVACY
Legislation such as The High Tech Act, HIPAA, the "Red Flags Rule", and state notification statues have heightened awareness and increased penalties for privacy incidents. While healthcare companies have been responsible for only 15% of all data breaches to date, they rank #2 in terms of the total numbers of records lost and the number of records per incident is among the highest of all industries recorded. As most cyber, security and privacy risks are not covered under standard policies, S. H. Smith & Company experts conduct in-depth analyses of current coverage as part of our Policy Review Analysis(PRA)™ program.

AMBULANCE / PARA-TRANSIT RISKS
Transporting patients, comes with unique risks such as loading/unloading, privacy, and abuse/molestation. Claims resulting from lack of assistance or care, failure/delay in treatment or diagnosis typically account for the majority of cases. We have several markets aggressively writing these risks and have considerable experience with customizing coverage unique to each client as well as individual state laws regarding duty of care.

MEDICAL MALPRACTICE
In the 1,000 pages of H.R. 3200, health care reform bill, medical malpractice reform is not mentioned anywhere. And while premiums continue to remain fairly constant in the medical malpractice arena, insurers continue to keep a close eye as renewals come in. We have had considerable success with hard to place accounts as well as solid pricing overall.

Our skill at crafting coverage for healthcare related industries is unmatched. S. H. Smith & Company professionals have more years of combined expertise than any other specialty insurance broker. From products liability to management liability and large umbrellas, we have a unique understanding of the insurance needs of the healthcare marketplace.

For more information on our ability to serve the healthcare marketplace, call or email us today:

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860-656-1227
800-356-0168 x 1227

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781-247-6223
800-735-1023 x 6223

*Source: First Research, Inc., August 1, 2011

27 days until 10/1 renewal

As we head into the fourth quarter, make sure that your broker is making your job easier; if they are not, we urge you to give us a chance to earn your business by showing you the S.H. Smith & Company Difference.

With most quotes turned around in less than 48 hours, give one of our experts a call today so we can go to work for you.

We have access to a wide range of markets that offer coverages including:

For a full list of classes, download our Healthcare Liability flyer.

CONNECTICUT, FLORIDA, MARYLAND, MASSACHUSETTS, MINNESOTA, NEW YORK, OHIO, RHODE ISLAND