Having your business properly insured is non-negotiable, especially when vehicles are necessary to run your business. For companies that utilize emergency or non-emergency medical transportation, specific insurance policies and coverage might be required by the state or local government. At Biscayne Risk & Insurance Group, we can assess your business’s insurance needs and find the perfect policies for you. Our auto insurance options include business auto insurance and emergency and non-emergency medical transportation insurance. Here is an overview on auto insurance for emergency and non-emergency medical transportation.
Emergency Auto Insurance
Having emergency vehicles at your business is a sizable investment. Damage to an emergency vehicle can be extremely costly to repair or replace. For those who rely on the transportation of those vehicles for revenue, damage to one emergency vehicle can be detrimental to your business and bottom line.
Emergency medical transportation insurance is essential to businesses like ambulatory services. Emergency vehicles, such as fire trucks and ambulances, can be covered for physical damage as well.
Non-Emergency Medical Transportation
Non-emergency medical transportation, also called NEMT or paratransit, are vehicles that are used to transport people who are unable to drive themselves to and from medical appointments on a pre-arranged basis. NEMT businesses are typically compensated by Medicaid, hospitals, or medical service providers. Non-emergency vehicles are usually vans, SUVs, or larger sedans that are wheelchair accessible or can fit a stretcher, since most of the patients are elderly or handicapped (physically or mentally.) These vehicles are prohibited from having lightbars and sirens, which emergency vehicles typically have.
Policy Coverage, Cost, & Risk Factors
Both emergency and non-emergency transportation businesses must have specific policies depending on the location. They share the same type of insurance cost factors as most other businesses:
- Driving history of operators
- Number of vehicles
- Claims history
- Location and travel radius
- Value of vehicles (along with attached equipment)
- Hiring practices
- Operating and maintenance procedures
Emergency service vehicles usually have medical professionals (technicians, paramedics) on board and need coverage to protect those employees from litigation due to their work as medical professionals. Some of the added liability exposures these businesses face are providing medical services, dispensing drugs or medical supplies, and loading and unloading patients.
Full Coverage With Biscayne Risk
The additional liabilities associated with emergency and non-emergency medical transportation businesses shouldn’t be a cause for concern with Biscayne Risk by your side. Our insurance experts analyze the risks and liabilities related to your specific industry, understand the legal coverage requirements, and can find the exact policies to meet your insurance needs. Contact us today to learn more about our risk management services and business auto insurance.