Insurance for Healthcare Organizations
Coverage as unique as your care
Emerging AI technologies, digital advancements in healthcare delivery, and regulatory changes are just some of the drivers transforming the healthcare industry. While this brings a wave of opportunities for healthcare providers, it has also brought an emerging risk profile that demands greater levels of proactivity and specialist healthcare risk expertise.
At Lockton, we have assembled a global team of healthcare risk experts, exclusively dedicated to providing the best possible insurance solutions to healthcare providers and organizations. Trusted by over 1,000 healthcare organizations from all corners of the healthcare industry, our commitment to you goes far beyond an insurance policy.
We strive for long-term, strategic partnerships with your healthcare organization by further educating you on your risk profile through up-to date risk control advice based on the latest regulations and industry best practices.
Our mission is to ensure you can continue delivering the most exceptional care to your patients and communities with complete peace of mind.
The Lockton difference
Client-first culture
For nearly 60 years, our independence has ensured that we don’t answer to shareholder demands or private equity investors. Every Lockton Associate has a single-minded focus: you. This approach gives our partnership with you the best chance at success and serves as the critical element to maintaining a client retention rate of 97%.
Free from rigid corporate structures, we have a unique culture that nurtures an environment where fresh ideas and creative problem-solving are pivotal to continually improving your healthcare organization’s resilience.
Exceptional healthcare insurance talent
We take immense pride in our unwavering commitment to put you and the protection of your healthcare organization first, and that starts with our people. This goes beyond simply assembling a client team - it’s a people strategy based on attracting, investing in, and developing the best experts in the insurance industry, so they feel empowered to deliver the best possible insurance solutions for your healthcare organization.
Long-standing healthcare carrier relationships
As a leading insurance broker to the healthcare industry, we have access to a wide range of carriers specializing in insurance to healthcare organizations. These longstanding relationships enable us to secure optimal coverage, negotiate competitive terms and swiftly address any emerging risks facing your organization.
Holistic risk management solutions
Our commitment to you goes beyond the core lines of insurance you need to protect your healthcare organization. Our capabilities extend to include both traditional and nontraditional lines of insurance. Whether it be a complex captive or a bespoke cyber policy, our healthcare experts take a holistic approach to managing your risk to ensure every facet of your healthcare organization remains protected.
Healthcare claims management and advocacy
Effective claims management starts long before a claim occurs. From day one, you will have access to strategic counsel to review policy wording, resolve potential claims and maximize insurance recoveries.
Just like the wider Lockton business, the healthcare claims team comes from diverse backgrounds and professions. This commitment to diverse and inclusive talent across the claims practice brings a richness of perspectives that comes together to deliver the best possible claims outcome for you. There isn’t a type of healthcare claim we have not seen.
Clinical risk control and consulting
Our approach to clinical risk control and consulting is simple: We partner with you to identify opportunities to mitigate risk and address any gaps that reduce your total cost of risk. Our team’s valuable perspectives ensure your healthcare organization builds a greater level of resilience and risk management culture.
Our products and services
Products
Healthcare Professional Liability (HPL) / Medical Professional Liability (Medmal)
Errors and Omissions (E&O), including:
Managed Care E&O
Regulatory E&O
Federal Audit E&O
Technology E&O
Physician Practice Management E&O
Property
General and Healthcare Liability
Employment Practices Liability (EPL)
Directors and Officers Liability (D&O) for Public / Private / Non-Profit Entities / Initial Public Offerings (IPO) / SPAC / De-SPAC transactions
Fiduciary Liability
Crime Coverage including Employee Theft
ERISA Bonds
Wage & Hour
Punitive Damages
Workers' Compensation
Commercial Auto / Fleet Programs
Kidnap / Ransom / Extortion
Clinical Trials / Human Clinical Trials
Cyber and Privacy Liability including Network Security
Media Liability
Patent (Liability and Abatement)
Construction and Builder’s Risk
Environmental
Aviation & Helipad
Pollution
Transactional Liability
Parametric Coverage
Active Shooter / Deadly Weapons / Active Assailant
Workplace Violence
Surety Bonds / Faithful Performance Bonds
Services
Clinical Risk
Risk Financing
Strategic Risk Consulting
Loss Control
Risk Analytics
Claims Management and Advocacy
Enterprise Risk Management (ERM)
Business Continuity Planning
Healthcare organizations we serve
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Global healthcare providers
Health systems
Children’s hospitals
Community hospitals
Long-term acute care/rehab facilities
Acute care health systems
Academic health & research institutions
Addiction treatment facilities
Correctional healthcare
Independent physicians
Home health
Social service agencies
Senior living providers
Behavioral healthcare
Regional and national systems
Read our latest healthcare risk insights
Insurance for Healthcare Organizations – FAQs
Why do I need specialized insurance products as a healthcare organization?
Specialized insurance for healthcare organizations is very important to have given the unique and complex risk profile healthcare providers and organizations face. A comprehensive healthcare organization insurance program will often combine several lines of coverage, including property, general liability, healthcare liability, directors and officers liability, errors and omissions, medical malpractice, crime, cyber, and employee benefits. This ensures there are no gaps in coverage, which could leave healthcare providers and organizations exposed to potential claims.
What insurance should I be considering as a healthcare organization?
When it comes to your insurance as a healthcare provider, we tailor your insurance program to ensure it addresses your organization’s unique risk profile and best suits your objectives. There is no “one size fits all” approach when it comes to insurance for healthcare organizations. We partner with healthcare providers and organizations to acutely understand the current and emerging risks they face and will devise a program that specifically manages these exposures. Coverages to consider might include:
Property
General liability
Medical professional liability
Directors' and officers' liability
Errors and omissions
Crime / employee theft / ERISA bond
Cyber & privacy liability
Employee benefits
Fiduciary liability
What are the most common financial risks for a healthcare organization?
Although the likelihood and impact of individual risks can vary from provider to provider, there are six significant risk categories that broadly apply to most healthcare providers and organizations:
Regulatory risk & antitrust allegations
Employment litigation
Privacy/data breach
Talent acquisition
Transition to value-based care
Crisis management risks
Changes in healthcare delivery
Artificial intelligence
Why is directors and officers liability (D&O) insurance important for healthcare providers and organizations?
Among other things, D&O insurance is crafted to safeguard individuals from personal losses arising from legal actions filed against them in connection with their roles as a director or officer, while also providing balance sheet protection for the entity.
For healthcare providers and organizations, a D&O policy can extend coverage to pivotal areas that are of particular concern for boardrooms. This includes aspects like the peer review process, as well as addressing allegations related to antitrust and regulatory claims and much more.
How can risk control and risk consulting further support healthcare organizations?
A strategic risk consulting approach creates strong alignment between your business strategy and your risk management strategies. It ensures you are leveraging the healthcare risk expertise of your insurance broker by getting them to proactively identify opportunities for risk mitigation and address gaps that could increase exposure to your healthcare organization.
At Lockton, our risk control and risk consulting teams work as an extension of your healthcare business, helping ensure risks are controlled before they materialize. Our teams also provide on-site education to help you build a more risk-aware workforce.
Let’s talk insurance for your healthcare organization
Get peace of mind for your healthcare organization - connect with our specialist healthcare insurance team and we’ll be in touch as soon as we can.