Allied Health Industry Boosts Economy

Professional
// December 8, 2016

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According to the Bureau of Labor Statistics, the health care industry continues to explode, being one of the top three industries driving economic growth in the U.S. As our population ages and advances are made, this can only continue.

In 2014, there were nearly one million home health aides, and, as one of the fastest growing occupations, this is expected to increase 38 percent by 2024. While the average across all industries is just 8 percent, occupations such as dieticians, nutritionists and mental health counselors as well as physical, occupational, speech and massage therapists are all expected to grow between 16-34 percent during the same time period.

USLI has a healthy appetite for non-medical/non-invasive allied health care professionals. Product highlights include:

  • Premiums starting at only $425 for monoline errors and omissions at $1 million/$3 million limits
  • Ability to competitively package with general liability, hired/non-owned auto, business personal property and more
  • $25,000/$50,000 defense for patient molestation included at no charge with the option to purchase higher
  • $10,000 sublimit for reimbursement to defend disciplinary actions by licensing boards
  • $25,000 of third-party discrimination for no charge

Our most recent improvements* to our Allied Healthcare Errors and Omissions product include:

  • $1 million/$3 million limits for abuse and molestation for entities, including defense and indemnity
  • Increased limits of $2 million/$4 million for most classes
  • New eligible classes (we have recently expanded into professions such as biofeedback practitioners and EMT trainers)

This is an example of how these product highlights can be crucial to an insured:

Sarah and Pete are both non-medical home health aides for Wonderful Home Health Aide Agency. Sarah works the afternoon shift and often relieves Pete who helps clients in the morning. She notices that clients are often withdrawn, display worsening dementia symptoms and have unexplained bruising after spending time with Pete. Fearing the worst, Sarah reports this to management who investigates but finds no concerns. When the families of the victims file charges against Pete, Sarah and Wonderful Home Health Aide Agency face allegations of failure to report abuse to the authorities. Their Allied Healthcare policy successfully defended the matter spending over $50,000 in defense costs.

Don’t miss the opportunity to target allied healthcare professionals. Think of USLI for a wide variety of non-medical professionals including all of the above referenced, fitness instructors, day spas and more!

Please contact your Professional Lines underwriter for more information or a quote.

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As always, thank you for your support and business.

*Improvements are live in the following states: AK, AZ, CO, CT, DC, DE, FL, GA, IA, ID, IN, KS, KY, MA, MD, ME, MI, MN, MO, NC, NE, NJ, NM, NV, OH, OR, PA, RI, SC, TN, TX, UT, VT, WA and WI

Written by Melyssa Uribe
December 8, 2016

Contact Jeff McBride
Assistant Vice President, Allied Healthcare Product Leader | 888-523-5545 Ext. 2078

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