The simple answer to this question is: it depends. Before you can answer it fully, you need to understand that the difference between W2 and 1099 employees is not defined by the paper they sign when the agree to perform services for you.
At one time, it was believed that only the large Fortune 500 sized organizations faced the real threat of hacking, phishing, cyber ransom. In reality, about 50% of all cyber hacking targets small businesses. Even a more staggering number is that nearly 60% of the small businesses that suffered a serious cyber attack or breach will go out of business within six months post breach!
Traditionally, physician practices have been purchasing Professional Liability/Medical Malpractice insurance through Admitted Insurers (e.g. Medical Protective, ProAssurance, TDC, PPIX, and MAG Mutual).
We live in a very litigious world. Even when healthcare workers do their best, sometimes patients are not grateful and turn to lawyers for even the slightest mishap. Malpractice lawsuits are very common in the healthcare profession.
Providing professional liability & commercial insurance for healthcare industries in Pennsylvania, New Jersey, Delaware, Maryland, Virginia, North Carolina.
