Insurance for Healthcare Organizations

Insurance for Healthcare Organizations

Tailored insurance programs for organizations providing healthcare related services.

Coverage as unique as your care

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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.

Shot of two experienced female medical professionals working on a laptop together inside their office at a hospital at night

The Lockton difference

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.

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.

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 enduring relationships enable us to secure optimal coverage, negotiate competitive terms, help you with claims recovery and swiftly address any emerging risks facing your organization.

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.

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.

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

HEALTHCARE ORGANIZATION

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Read our latest healthcare risk insights

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Reminder: CMS Medicare Part D reporting due Feb. 29, 2024 for calendar year plans

Insurance for Healthcare Organizations – FAQs

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.

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

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

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.

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.

Talk to our team