For-profit ambulance services come in all shapes and sizes. From traditional ambulances to air ambulances, any company providing emergency medical transport services faces numerous risks to company-owned property as well as passengers and the general public.
Ambulance companies should work with an independent insurance agent who has experience tailoring business insurance plans to the needs of medical transport companies. An independent Trusted Choice® insurance agent can work with multiple insurance companies and find the best mix of property and liability coverage to protect you if something goes wrong.
The medical transport or ambulance industry includes businesses that are primarily engaged in providing transportation of patients by ground or air, along with onboard medical care by EMTs, nurses or physicians. Ambulance services are often used during medical emergencies as well as nonemergency situations. Ambulances and air ambulances are equipped with lifesaving equipment operated by the medical personnel on board.
Larger companies dominate the ambulance industry in the United States; the 50 largest companies generate more than 50% of revenue.
Businesses in the medical transport industry need customized ambulance insurance coverage that addresses risks to business property, the ambulance fleet, passengers, employees and the general public. Talk to your insurance agent about which of the following types of ambulance services insurance you need.
All of these policies can be tailored to the unique needs of a ground ambulance or air ambulance company.
Air ambulances are called when a ground medical transport vehicle cannot get a patient to a hospital fast enough or when the scene of an accident cannot be reached by motor vehicle. Air ambulances — typically helicopters — often carry state-of-the-art medical equipment, paramedics, emergency medical technicians, and even nurses or physicians to care for the patient until they arrive at a hospital.
The Association of Air Medical Services estimates that more than 550,000 patients use air medical transport services each year in the U.S. These patients are often experiencing traumatic injuries, pregnancy complications, heart attacks, strokes and other serious conditions. The stakes could not be higher.
Operators of air ambulance services face the same risks and challenges as ground ambulance operators, with the added risk of air travel, and need their own special type of air ambulance insurance.
Commercial aviation insurance is required for air ambulance services whether they own one helicopter or an entire fleet. It is necessary to work with an experienced and knowledgeable agent who can properly assess your situation and help you tailor a medical helicopter insurance program to your needs. You need to assess the specific risks to pilots, passengers, employees and even the general public when you identify the types of coverage you need and the insurance companies that are best suited to provide that coverage.
Typically helicopter insurance provides liability coverage for claims of third-party property damage or bodily injury. Your coverage should also include passenger liability, which protects passengers who are injured or killed if your helicopter crashes.
Insurance for air ambulances should also include hull insurance. Hull insurance provides coverage for damage to the aircraft — when it is in flight or on the ground — from perils such as theft, vandalism, storm damage and even a total loss due to a crash.
The most important thing you can do to protect your business assets is to work with the right insurance agent. An agent who has experience working with commercial vehicles, commercial aircraft and ambulance services will be best-suited to find the best mix of coverage and the right insurance companies for all of your needs. A local Trusted Choice member agent can find tailored, comprehensive medical ambulance insurance that protects your business, your employees and your passengers. Contact a local Trusted Choice agent today.