Business insurance must meet the specific needs of your company. When you sit down with your agent, you'll learn more about the types of coverage available.

One key area to consider is medical expense coverage. Not all business insurance policies offer this. But when it applies, it can really help minimize your costs.

What Is Medical Expense Coverage?

Medical expense coverage, sometimes referred to as medical payments, is a type of business insurance. This type of insurance covers the medical costs related to client injuries. While medical payments protection is often embedded within a business' general liability insurance policy, an enhanced medical expense policy goes further. It generally provides a higher limit to you.

Your business' actions - and those of your employees - are always important. If a mistake occurs, your company is responsible for the losses other people suffer. Negligence claims are not uncommon. That is, people can suffer an injury through slips and falls. They may trip or suffer an injury after using a product. The service you provide may fail, causing injury. The risks of these outcomes are high in nearly all businesses.

When Does It Apply?

When a person suffers an injury your business is responsible for causing, medical expense coverage applies. For example, a person walks into your business, slips on a wet floor, and suffers a head injury. Initially, this may warrant a quick trip to the emergency room. In some cases, that injury can be more dangerous. The person may require surgery. They may be unable to work for long periods of time. In some cases, someone may even die from these injuries.

If any of this takes place, the business will have to cover associated medical expenses. Coverage helps minimize the costs and losses associated with compensating clients for injuries.

Why Extend Your Coverage?

Most small-to medium sized businesses (SMBs) could benefit from medical expense coverage. After all, medical treatment is expensive. A simple trip to the emergency room might cost several hundred dollars, and many health insurers charge even higher co-payments for these services. With a higher medical expenses limit, your business does not have to worry about paying out-of-pocket for a client's medical costs.

Medical expenses coverage allows your company to reduce out-of-pocket costs in some of the most high-risk situations. Discuss this coverage with a Dean, Heckle & Hill agent. Our agents can help you find the right coverage for your needs.