You encounter many risks as a radiologist. Work-related injuries are quite prevalent due to repetitive stress and radiation exposure. In a study with 401 participants, 62.6% complained of occupational injuries in the radiology department.
In addition to occupational injuries, you also have to think of malpractice lawsuits. Think about it, a patient might have a miscarriage after an MRI session and file a lawsuit against you and her obstetrician. Thus, it is vital to have comprehensive radiologist insurance to cushion yourself.
| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $2,000,000 | $1,000,000/$2,000,000 |
| Aggregate limit | $2,000,000 | $2,000,000 | $1,000,000/$2,000,000 | $2,000,000 | $1,000,000/$2,000,000 |
| Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $2,000,000 | $1,000,000 | $1,000,000 |
| Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $2,000,000 | $1,000,000 | $1,000,000 |
| Tenant’s legal liability coverage limit | $300,000/$1,000,000 | $300,000 | $100,000 | $100,000 | $1,000,000 |
| Waiver of subrogation included? | Yes | No | Included | Can be included | No |
| Hired/non-owned auto liability coverage included? | Yes | No | No | Can be included | Can be included |
| Equipment breakdown floater included? | No | Yes | Yes | Can be included | Can be included |
| Can you get a certificate of insurance online? | Yes | Yes | Yes | Yes | Yes |
| Name additional insureds? | Yes | Yes | Yes | Yes | Yes |
| Deductible | $0 | $0 | $0 | $0 | $0 |
General liability insurance shields your radiology lab from third-party claims related to personal injury, bodily injury, and property damage. It will protect your practice from negative financial repercussions resulting from legal claims after an accident on your premises.
A patient or visitor sustains injuries after a fall or slip on your premises.
You damage the property of third parties while working
Claims of slander, libel, or defamation by competitors or patients
Claims of copyright infringement when advertising your radiology lab
Professional liability insurance–This add-on will safeguard your business against claims of professional mistakes, negligence, or omissions
Cyber liability insurance–This add-on will cushion your business from financial liabilities due to data breaches
Many factors influence the coverage limits for general liability insurance for radiologists. However, this is usually $2 million per occurrence and aggregate.
| CoverWallet | NEXT | Thimble (Best) | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $1,000,000 | $1,000,000 |
| Aggregate limit | $2,000,000 | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000 | $2,000,000 |
| Name additional insureds? | Yes | Yes | Yes | Yes | Yes |
| Waiver of subrogation included? | Yes | No | Yes | Can be included | No |
| HIPAA coverage included? | No | No | No | No | No |
| Sexual misconduct coverage included? | No | No | No | No | Can be included |
| License defense coverage included? | No | No | No | No | Can be included |
| Deductible | $500 | $500 | $500 | $50/$10,000 | $500 |
A radiologist's job is very sensitive. If you make any mistake, you may expose your employees or patients to health hazards or injuries. A radiologic technologist malpractice insurance covers claims arising from actual or alleged omissions, negligence, or mistakes when offering services.
What Incidents Can Radiologic Technologist Malpractice Insurance Cover?
You do not accurately diagnose a condition in your medical imaging, resulting in wrong or delayed treatment
You wrongly interpret a patient's medical images, which leads to the wrong treatment
You make an error when conducting a biopsy procedure resulting in patient injury
Retroactive coverage–This add-on to radiologist malpractice insurance will cover claims from events that occurred before your current policy was effective
Disciplinary proceedings coverage–This add-on will cover all legal costs related to disciplinary actions and regulatory inquiries
The coverage limit for radiologist malpractice insurance $1 million per occurrence and $2 million aggregate. If you feel the limit is insufficient, you can request an adjustment to your policy terms.
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| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Building coverage limit (minimum) | $50,000 | $260,000 | $25,000/$500,000 | $25,000 | $60,000 |
| Contents coverage limit (minimum) | $50,000 | $22,000 | $25,000/$500,000 | $25,000 | $60,000 |
| Outdoor signs | Excluded | $2,500 | Excluded | Excluded | Excluded |
| Accounts receivable | Excluded | Excluded | $5,000/10,000 | Included | Excluded |
| Money and securities | Excluded | $2,500 | $1,000 | Included | Excluded |
| Lock and keys | Excluded | $2,500 | Excluded | Excluded | Excluded |
| Business interruption floater | Excluded | Included | Included | Included | Excluded |
| Equipment breakdown floater | Excluded | Included | Excluded | Excluded | Excluded |
| Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 | Included | Excluded |
Commercial property insurance insures your physical assets and inventory. It can also cover equipment in your radiology lab. Some of the incidents it can cover include:
Fire damages your radiology lab, and it also destroys your equipment and other contents
Radiology equipment is stolen
Water or storm destroys your electronics
Thieves vandalize your building and cause significant damages
Business interruption coverage–This will cover employee wages, loans, mortgage, and other operational costs when you need to temporary stop operating. Business interruption insurance also covers lost revenues
Employee dishonesty insurance–Employee dishonesty insurance will recover financial losses if an employee commits fraud, theft, social engineering, and other dishonest acts
On average, the limits can be $60,000 and above. The value of your property highly determines this limit.
| CoverWallet | Thimble (Best) | NEXT | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| General liability aggregate limit | $2,000,000 | $2,000,000 | $2,000,000 | $300,000 | $1,000,000/$2,000,000 |
| Commercial property coverage limit | $50,000 | $500,000 | $260,000 | $25,000 | $75,000 |
| Optional policies can be added? | Yes | Yes | Yes | Yes | Yes |
| Name additional insureds for free? | Yes | Yes | Yes | Yes | Yes |
| BOP discount? | Yes | Yes | Yes | Yes | Yes |
A business owner's policy is a blend of two or more policies. It contains business interruption, commercial property, and general liability insurance. Examples of incidents it can cover include:
A customer is injured in your radiology lab
A mechanical problem causes your equipment to malfunction
Advertising claims are made against your business
Customer property coverage–Customer property coverage will cover the losses of clients in case their property got damaged or lost while in your care, custody, and control
HNOA coverage–This will cover the cost of accidents caused by a vehicle you hired or borrowed
The BOP your radiology coverage will offer $1 million per occurrence and $2 million aggregate limit for its general liability component and $50,000 for its commercial property component.
| NEXT | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|
| Aggregate limit | $3,000/$10,000 | $2,500/$5,000 | $15,000/$25,000 | $5,000-$10,000 |
| Covers hired and borrowed equipment? | $3,000/$10,000 | $2,500/$5,000 | No | Yes |
| Miscellaneous equipment also covered? | $5,000/$10,000 | No | Yes | Yes |
| Offered as an endorsement to general liability insurance? | Yes | Yes | Yes | Yes |
| Deductible | $500 | $500 | $0 | $0 |
You use diagnostic equipment such as MRI or X-ray machines in your radiology lab. You also use computer systems and office equipment. But imagine if a fire outbreak occurs and all your essential equipment and tools are damaged.
You need to have tools and equipment insurance to prevent your business from being financially crippled after an accident. This policy covers common perils such as:
Fire
Theft
Vandalism
Water damage
Mechanical breakdown
Electrical breakdown
Inland marine coverage–This add-on will cover portable equipment being transported to an off-site imaging center
Data breach coverage–Covers data breaches and will compensate you for all financial liabilities after a cyberattack
The coverage limits you receive for your tools and equipment insurance should be sufficient to cover replacement or repair costs. Typically, the limits can be $10,000 to $50,000 but it will depend on the value of the insured items.
Occupational-related illnesses and injuries are prevalent in the radiology department. Workers’ compensation insurance is compulsory, and you must insure your employees. This insurance will cover the following:
Medical expenses
Disability benefits
Vocational rehabilitation
Lost income benefits
Death benefits
Occupational accident insurance–This add-on will offer extra coverage for lost income and medical expenses in the event of occupational injuries or illnesses
Voluntary compensation endorsement–This add-on will cover individuals not typically classified as your employees, such as interns or volunteers
There’s no set limit for this type of radiology coverage. How much money workers compensation insurance gives depends on the provisions of workers comp laws.
Excess liability insurance is fundamental, especially for high-risk business ventures like radiology labs. This policy offers additional coverage that exceeds what the base insurance coverage provides.
For instance, if your general liability insurance offers $2 million and claims that exceed that amount are made, excess liability insurance will cover the extra costs.
The coverage limits are $1 million to $10 million. But these figures will depend on the insurance carrier you select and the specific terms of your policy.
| Cost per Month | Cost per Year | Deductible | |
|---|---|---|---|
| General liability insurance | $29 | $348 | $0-$500 |
| Professional liability insurance | $48 | $576 | $500-$1,000 |
| Commercial property insurance | $55 | $660 | $1,000-$2,000 |
| Business owner’s policy | $70 | $840 | $1,500 |
| Commercial auto insurance | $59 | $708 | $500-$1,000 |
| Tools and equipment insurance | $33 | $396 | $500-$1,000 |
| Workers compensation insurance | $82 | $984 | $2,000-$5,000 |
The average radiologist malpractice insurance cost is $48 per month or $576 per year for a $1 million worth of coverage. On the other hand, the cost of a $1 million general liability insurance is $29 per month or $348 per year. Factors that affect the cost of premiums are claims history, business history, policy limits, deductibles, and location. Here’s a table showing the cost of a $1 million general liability insurance from the best radiologist insurance companies:
| Cost per Month | Cost per Year | Best for | |
|---|---|---|---|
| NEXT | $15 | $180 | Best overall; Fastest general liability insurance for radiologists |
| The Hartford | $20 | $240 | Radiologists looking for excellent deals on worker's compensation insurance |
| CoverWallet | $18 | $216 | Radiologists looking to compare insurance quotes online |
| Tivly | $23 | $276 | Radiologists looking for an insurance marketplace where they can compare quotes on their phone |
| Thimble | $25 | $300 | Radiologists looking for on-demand coverage alternatives |
| Hiscox | $27 | $324 | Radiologists looking for a coverage option that can insure them outside the US |
| AAPA | $35 | $420 | Radiologists looking for comprehensive malpractice insurance |
Get all the best quotes from leading providers in a click of a button!
Here is a list of the companies that you might consider working with. Read some of our reviews below to understand their pros, cons, and average rate for a $1 million general liability insurance.
NEXT offers you a 10% discount when you purchase more than two policies
NEXT provides excellent rates on their radiologist insurance
You can access an online certificate of insurance
Their customer service is outstanding, and offers professional assistance.
Couldn't find any
NEXT is a 100% online insurance company with an impressive track record. They have multiple insurance products that can protect your equipment, vehicles, buildings, inventory, and more. This company has been rated by AM Best an A- rating. Thus you can be 100% certain about their financial credibility. They will settle any claims you make on commercial radiologist insurance.
Best for: Best overall; Fastest general liability insurance for radiologists
Average cost: $15 per month
Our rating: 10/10
Allows you to compare multiple radiologists' insurance quotes online
You can acquire an online certificate of insurance online
It is possible to get affordable rates from the different carriers
Third parties underwrite their radiologist malpractice insurance policies
CoverWallet partners with multiple insurance carriers to offer your business the best deals. In some instances, this company modifies its partner's insurance policies and offers your business customized coverage. You can find multiple insurance products on their website.
Best for: Radiologists looking to compare insurance quotes online
Average cost: $18 per month
Our rating: 10/10
Offers multiple insurance options for radiologists
Hiscox offers attractive deals on their worker's compensation insurance
A reputable company that has an excellent track record
Not available in all states, such as Hawaii
The Hartford is a company that has been operational for so many years. They are known for offering a wide array of policies for radiologists and other businesses. You can purchase commercial property, workers' compensation, and general liability insurance. Additionally, it is rated at A+ by BBB, which ensures you are confident when dealing with this company.
Best for: Radiologists looking for excellent deals on worker's compensation insurance
Average cost: $20 per month
Our rating: 10/10
You can compare insurance quotes from different providers on your phone
Has partnered with several reputable insurance carriers
You can access a certificate of insurance online at no cost
When purchasing a policy, you must call their representative first
Tivly is a popular insurance platform or marketplace. It has partnered with more than 200 insurance partners that you can choose from. They offer multiple types of commercial radiologist insurance options. BBB has rated this company at A, which indicates that this company is credible. Call now to compare quotes over the phone.
Best for: Radiologists looking for an insurance marketplace where they can compare quotes on their phone
Average cost: $23 per month
Our rating: 9/10
You can get coverage for a short duration, even for one hour
Rates are very affordable for small businesses
Several add-ons available on their standard policies
You can’t access customer service by calling
Thimble offers event based insurance coverage options. They can provide you with coverage even for one hour. You can get all essential insurance products from this company for your business.
Best for: Radiologists looking for on-demand coverage alternatives
Average cost: $25 per month
Our rating: 9/10
Hiscox’s policies can offer coverage even outside of the US
Comes with an attractive refund policy (of 14 days)
You can conveniently upgrade your policies as your business grows
They may not offer specialized radiologist insurance policy
Hiscox is a reputable insurance market that has been in the market for many years. This company helps you to customize your policy according to the size and needs of your business. They have various insurance products, such as workers' compensation, commercial property, and business owner's policy.
Best for: Radiologists looking for a coverage option that can insure them outside the US
Average cost: $27 per month
Our rating: 9/10
This insurance protects you from costly lawsuits and expenses
It offers you peace of mind and minimizes the anxiety that may come due to legal issues
Will protect the reputation of your radiologist business in case of malpractice allegations
Provides coverage through a partner
American Academy of Physician Assistants (AAPA) protects you from liability that may arise from your profession. AAPA malpractice insurance is provided in partnership with CM&F. You enjoy up to $2 million worth of coverage.
Best for: Radiologists looking for comprehensive malpractice insurance
Average cost: $35 per month
Our rating: 10/10
This place is an absolute joke of a company and should be ashamed of the way they conduct business. I was hurt on the job at the end of July and it took them just shy of 7 weeks to issue out a paycheck to me. Yes the amount was back dated but still. Not many have the luxury of not receiving a paycheck for almost 2 months. To top it all off, the original adjuster marked me down for the wrong state which caused a problem from the get go, I've had 3 different adjusters now since each one can't seem to figure out the simplicity of my claim. All my paperwork which includes, my job, house, and drs visits all are from the same state and city but yet some how I have been filed under a completely different state 1500 miles away. They do not answer your phone calls or emails no matter how many you leave. I've had to escalate my frustrations to the supervisors of each of these individuals in order to even get some kind of response. I've had more communication and information given to me about my claim from the customer service representatives then the actual adjusters.......... please tell me how that works?! A serious overhaul needs to happen here in order to serve your clients the way they deserve to be taken care of. 10/10 do not recommend this company to a single soul on earth
I have never had the displeasure of working with a more incompetent and disrespectful person in my life. I’m an injured worker and the adjuster that was assigned to my case was named Carrie Furgeson. In the past 6 weeks that I’ve been injured and out of work I have only been able to get ahold of her twice, not for lack of trying. I have left countless voicemails, countless emails, and she ignores them all. When I am finally able to get ahold of her I’m greeted with terrible customer service. She is rude, she talks over me and I’m hardly able to get a word in edgewise. She spelled my name wrong on my documents even after I spelled it for her properly countless times, this caused a whole new issue with my bank. I have bill collectors from the hospital calling me demanding payment and Carrie Furgeson won’t do a single thing to help, or to get them paid. All of my documentation is in Colorado, my job is in Colorado, my address is in Colorado, all my Dr offices and appointments have been in Colorado and Carrie still managed to hold my claim because she wasn’t sure what state she needed to file it under. It’s been 6 weeks since my Injury and my company still hasn’t received the wage paperwork to fill out so they can get me my correct wages. When she’s not ignoring me she’s answering my questions with “I don’t know” well I don’t know how she got this job, because apparently she doesn’t know anything about it. She is a disgusting morose individual inside and out and I genuinely wish her the worst in all of her future endeavors. I highly recommend you don’t use this company. Please if you are a business owner and your looking into this company please don’t use them. I’m sure they have the cheapest payment and that’s why companies use them in the first place, but you will be doing your employees a grave disservice by forcing them to venture into this absolute dumpster fire of a company. I would rate 0/5 if possible but 1 was the lowest I was allowed.
Their general liability insurance purchase process is simply the best online experience I've ever had in my life!
As long as they cover your line of business, you're literally covered! best rates, best coverage, best online experience, best professionals, can't be happier that I chose them!
It really can't get any better than this... wow
Not all those who wander are lost.
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