Clinic

Business Owner’s Insurance for Health Care Clinics

By Jensen Peck, Business and Professional Insurance Executive

A business owner’s insurance policy (BOP) is a cornerstone of risk management for health care clinics. Unlike professional liability (malpractice insurance), which addresses claims against medical services rendered, a BOP addresses business risks such as general liability, commercial property, and business interruption. A BOP covers all these risks by bundling these coverages into one compact insurance policy.

There are some common claims that can arise from everyday business operations. Let’s first define the elements that make a BOP.

  • General Liability (GL) – covers third party bodily injury (slips and falls), property damage to other people’s property
  • Commercial Property Coverage – covers damage to clinics physical assets (building, equipment, inventory, etc.)
  • Business Interruption Insurance – covers lost income and operating expenses when the clinic is forced to close temporarily due to a covered event

One of the most common claims that we see are slip and fall accidents. A patient could slip and fall on a wet floor or even icy sidewalks somewhere on the business premises. If you don’t have coverage for this type of incident, the clinic could be responsible for medical and legal fees, pain and suffering, and possibly more!

Unfortunately, another common claim that happens to clinics is some sort of theft or vandalism. Missing or damaged equipment/computers, filing systems, or other important equipment and systems. Damage or theft of those items could lead to disruption/suspension of services and clinical operations.

Lastly, our clients often experience business interruption claims. These types of claims can present in many different forms including fires, theft, vandalism, and floods. Many medical clinics own or rent space in multi-floor buildings. Water damage from floors above is a common and expensive claim which can be tricky to navigate.

Any of the above-mentioned incidents are a possibility for clinics everywhere. So, it is important to know what you are covered for and if you rent your space, what your current lease requires your insurance to cover. Some coverages can be excluded from your current business owner’s policy, or there might be coverages on your policy you were not aware of. It is important you have these discussions with your insurance agent, or contact a WisMed Assure insurance agent to discuss which options are right for you.

Picture of Jensen Peck

Jensen Peck

Business and Professional Insurance Executive

Reach out to me to learn more. You can contact me at jensen.peck@wismedassure.org or 608.442.3731.

Send me an email!
Picture of Jensen Peck

Jensen Peck

Business and Professional Insurance Executive

Reach out to me to learn more. You can contact me at jensen.peck@wismedassure.org or 608.442.3731.

Send me an email!

Note: This article is for informational purposes only and should not be considered as insurance advice related to your specific policy or situation. Please consult with a qualified insurance advisor or professional before making any policy decisions. Full disclaimer and contact information.

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Does DSPS Know Your Current Address & Email? If Not, You May Be at Risk of Penalty.

By Shawna Bertalot, CIC, ACI, WisMed Assure President

Moving is a hassle, including changing your mailing and email addresses, making sure you have notified all family, colleagues, friends, billing payees, and your professional licensing board. It is your responsibility under Wisconsin Law, and you may be penalized if you don’t do so in a timely manner.

Most physicians and advanced practice providers are not aware of the requirements to update their contact information. The Wisconsin Department of Safety and Professional Services (DSPS) would like to remind licensees but obviously can’t do so if they do not have your most current contact information. Our Medical Malpractice insurance partners and defense counsel have asked that we reach out to our clients and members.

Mark Larson, defense counsel with the Milwaukee firm Gutglass, Erickson, Larson & Schneider, S.C. shared the following:

“It appears that the DSPS is now going to start penalizing providers who fail to respond quickly to inquiries even if it is due to outdated contact info. They are relying on Wis. Stat. § 440.11 that requires all licensees to notify their boards of any change in name or address within 30 days of the change, and the administrative code provisions like Wis. Adm. Code §§ MED 10.03(3)(g), NUR 7.03(1)(c) and PA 4.01(3)(f) that failure to respond to an inquiry within 30 days creates a rebuttable presumption of non-cooperation, and therefore unprofessional conduct.

I suspect that many, if not the vast majority, of licensed providers are unaware of the change of address (contact info both email and mail) requirement and/or are relying on administrative staff to deal with all licensing compliance issues. I have suggested to clients that it may be necessary to educate providers and any staff dealing with licensing to be aware of the need to very timely update changes.”

Wis. Stat. §440.11 “Communication with department” states that applicants or credential holder must notify DSPS of any change in name or address within 30 days. The 30 day requirement also applies to email address. The department or any examining board can serve any process, notice, or demand by mailing it to the last-known address of the credential holder. https://docs.legis.wisconsin.gov/statutes/statutes/440.pdf

Wis. Adm. Code §§ MED 10 deals with UNPROFESSIONAL CONDUCT and under MED 10(3)(g) LAW VIOLATIONS, ADVERSE ACTION, AND REQUIRED REPORTS TO THE BOARD says “After a request by the board, failing to cooperate in a timely manner with the board’s investigation of a complaint filed against a license holder. There is a rebuttable presumption that a credential holder who takes longer than 30 days to respond to a request of the board has not acted in a timely manner.”

Wisconsin Medical Society Chief Policy and Advocacy Officer Mark Grapentine explained this section as “kind of the catch-all for not hearing back from a physician when the department has reached out to them – you can’t just say ‘I never got anything’ even though the MEB uses email to send out their inquiries and patient complaints. The MEB’s lowest level of sanction is an administrative warning, which is considered non-discipline, is considered private, and does not show up on the DSPS credential/licensure search website. If there is a finding of something more serious that impacts patient care, failure to timely update and communicate with DSPS could be an additional charge against the license-holder as part of a larger list of charges that carries some stronger discipline. The MEB has ad hoc flexibility.”

For assistance with your insurance, please reach out to the WisMed Assure Service Team at insurance@wismedassure.org, or call 608.442.3810. 

Picture of Shawna Bertalot, CIC

Shawna Bertalot, CIC

President, Wisconsin Medical Society Insurance and Financial Services

Reach out to me to learn more. You can contact me at shawna.bertalot@wismedassure.org or 608.442.3738.

Send me an email!
Picture of Shawna Bertalot, CIC

Shawna Bertalot, CIC

President, Wisconsin Medical Society Insurance and Financial Services

Reach out to me to learn more. You can contact me at shawna.bertalot@wismedassure.org or 608.442.3738.

Send me an email!

Note: This article is for informational purposes only and should not be considered as insurance advice related to your specific policy or situation. Please consult with a qualified insurance advisor or professional before making any policy decisionsFull disclaimer and contact information.

2025 Volume 2

Does DSPS Know Your Current Address & Email? If Not, You May Be at Risk of Penalty.

By Shawna Bertalot, CIC, ACI, WisMed Assure President

Email electronic communication graphic inbox on computer screen working on the internet. Email marketing and newsletter concept.

Moving is a hassle, including changing your mailing and email addresses, making sure you have notified all family, colleagues, friends, billing payees, and your professional licensing board. It is your responsibility under Wisconsin Law, and you may be penalized if you don’t do so in a timely manner.

Read more…


Medicare Resources and Support

By Alisa Allen, RHU, REBC, Medicare Benefits Insurance Advisor

Senior black couple, documents and laptop for planning, budget and taxes with talk for future in home. Old man, woman and reading pc screen for insurance, retirement or finance goals with paperwork

The federal Medicare program is complex and can be confusing when you start reviewing your options at retirement or when you become Medicare-eligible. You may also be assisting your parents, grandparents, or friends with this important decision and searching for information.

Read more…


Social Security for Physicians

When should I take social security? Retirement and finance planning question, handwriting on napkin with tea.

By Mark Ziety, CFP®, AIF®, Senior Advisor, WisMed Financial

Social Security is a vital part of retirement income for most Americans, including physicians. But navigating Social Security retirement can be confusing. Making an informed decision requires an understanding of benefits, claiming strategies, spousal, and survivor benefits.

Read more…


Business Owner’s Insurance for Health Care Clinics

water damage in a clinic

By Jensen Peck, Business and Professional Insurance Executive

Business owner’s insurance policy (BOP) is a cornerstone of risk management for health care clinics. Unlike professional liability (malpractice insurance), which addresses claims against medical services rendered, a BOP addresses business risks such as general liability, commercial property, and business interruption. A BOP covers all these risks by bundling these coverages into one compact insurance policy.

Read more…


Adapting Employee Benefits to Support Your Staff

Company employee benefits manual, with cover opening to reveal tabbed contents.

By Chris Noffke, REBC, CSFS, GBDS, Vice President of Employee Benefits

When I first entered the world of insurance nearly 20 years ago, the employee benefits landscape in Wisconsin was very different from what it is today. Back then, the conversation centered almost exclusively around traditional health plan’s networks. Employers were primarily concerned with keeping costs manageable, while providing a basic level of coverage that checked the necessary boxes.

Read more…


Hybrid Policies Shine in Addressing Long-term Care Concerns

By Tom Strangstalien, Executive Director Individual Insurance Planning

image of extended family and long-term care team

It’s not a secret that the rapidly increasing cost of long-term care is driving dramatic increases in long-term care (LTC) insurance premiums. You may also have been victim or witness to a dramatic increase in long-term care insurance premiums on a policy purchased years ago.

Read more…


Working with WisMed Assure Helps Keep Medical Malpractice Rates in Wisconsin Low

By Shawna Bertalot, CIC, ACI, WisMed Assure President

Some good news for Wisconsin physicians, certified registered nurse anesthetists (CRNA), and the hospitals and clinics that employ them. At the last meeting of The Board of Governors of the Injured Patients and Families Compensation Fund (IPFCF) in December 2024, the Actuarial Committee made the recommendation to keep rates the same for the IPFCF’s Fiscal Year July 1, 2025 to July 1, 2026. The Board voted and approved that recommendation. The rates are not finalized until passing the Legislative approval process with the joint committee on finance. The deadline for that approval process is mid-April and we expect the rates to be approved.

In 2020, the Wisconsin Medical Society (WisMed) proposed the idea of a “premium holiday” to the IPFCF due to the impact and uncertainty of the COVID pandemic. The result was three years of no IPFCF premiums from July 1, 2020 to July 1, 2024. This afforded significant savings to physician practices, hospitals, and health systems in a time of crisis. When premium rates were resumed in 2024, they were kept at the same level as prior to the premium holiday. While it is important to keep medical malpractice cost low, it is critical to keep the IPFCF financially healthy. WisMed understands this balance and works closely with its insurance agency, WisMed Assure, to share knowledge and support with the IPFCF.

WisMed has two appointed seats on the IPFCF Board, which currently includes three physicians. WisMed board members and staff participate in several committees of the IPFCF and have long advocated for reasonable rates that keep the IPFCF financially sound but still provide incredible value.

There are only eight states in the U.S. that have excess medical professional liability funds, or “Patient Compensation Funds” and none of them offer the unlimited excess coverage for economic damages that Wisconsin’s IPFCF does. WisMed Assure works closely with the IPFCF to ensure proper coverage. Thanks to decades of advocacy by WisMed and others to keep the IPFCF strong and the litigation environment favorable to health care professionals, Wisconsin’s medical malpractice rates are amongst the lowest in the country. Because revenue and profits earned by WisMed Assure support the advocacy work of the Wisconsin Medical Society, physicians who purchase their insurance from WisMed Assure are helping us advocate to keep Wisconsin one of the best states to practice medicine.

For assistance with your medical professional liability insurance, please reach out to the WisMed Assure Service Team at insurance@wismedassure.org, or call 608.442.3810. 

Picture of Shawna Bertalot, CIC

Shawna Bertalot, CIC

President, Wisconsin Medical Society Insurance and Financial Services

Reach out to me to learn more. You can contact me at shawna.bertalot@wismedassure.org or 608.442.3738.

Send me an email!
Picture of Shawna Bertalot, CIC

Shawna Bertalot, CIC

President, Wisconsin Medical Society Insurance and Financial Services

Reach out to me to learn more. You can contact me at shawna.bertalot@wismedassure.org or 608.442.3738.

Send me an email!

Note: This article is for informational purposes only and should not be considered as insurance advice related to your specific policy or situation. Please consult with a qualified insurance advisor or professional before making any policy decisionsFull disclaimer and contact information.

Tenants Improvements and Betterments: Is Your Clinic Properly Insured?

By Laura Weber, Senior Large Account Director

You’ve invested time and money in making your medical office the perfect space for your practice, but who is responsible for insuring those upgrades? If you lease your office, clinic, or storage space, it’s important to understand per the lease terms who has responsibility for covering any permanent installations and upgrades you make to the property. These are referred to as Tenant Improvements and Betterments (TIB) and can be insured under your Business Owners policy.  

What’s included in the definition of TIBs?

TIBs are upgrades you’ve made to your leased space that can’t be taken with you when you leave. From the Hartford Business Owners policy, TIBs include fixtures, alterations, installations, or additions made part of the building or structure that you occupy but do not own and cannot legally remove.

You’ll want to consider:

  • New flooring, lighting, and built-in fixtures
  • Walls, cabinetry, and structural additions
  • Any other permanent modifications that enhance your space

Often, these improvements won’t be covered by the building owner’s insurance. Most lease agreements make the tenant responsible for insuring the upgrades they install. 

How to make sure you’re covered:

TIBs are added to your Business Owners Policy (BOP) as part of your Business Personal Property coverage. This means your property limit should include the replacement cost of:

  • All office equipment—computers, medical devices, and furniture
  • Any tenant improvements and betterments you’ve installed
  • Leased equipment and property under your care

Even if you haven’t moved into the space yet, your property limit should include the replacement cost of any improvements or betterments you’ve made in getting it ready for occupancy.

Contact the WisMed Assure Service Team at insurance@wismedassure.org, or call 608.442.3810 for a policy review. We’ll help you assess your business property needs and secure the right protection.


Note: This article is for informational purposes only and should not be considered as insurance advice related to your specific policy or situation. Please consult with a qualified insurance advisor or professional before making any policy decisionsFull disclaimer and contact information.

Picture of Laura Weber

Laura Weber

Senior Large Account Director

Reach out to me to learn more. You can contact me at laura.weber@wismedassure.org or 608.442.3897.

Send me an email!
Picture of Laura Weber

Laura Weber

Senior Large Account Director

Reach out to me to learn more. You can contact me at laura.weber@wismedassure.org or 608.442.3897.

Send me an email!

2025 Volume 1

Working with WisMed Assure Helps Keep Medical Malpractice Rates Low in Wisconsin

By Shawna Bertalot, CIC, ACI, WisMed Assure President

Clipboard with documents about medical malpractice and gavel.

Some good news for Wisconsin Physicians, Certified Registered Nurse Anesthetists (CRNA), and the hospitals and clinics that employ them. At the last meeting of The Board of Governors of the Injured Patients and Families Compensation Fund (IPFCF) in December 2024, the Actuarial Committee made the recommendation to keep rates the same for the IPFCF’s Fiscal Year July 1, 2025 to July 1, 2026. 

Read more…


Last-Minute Money Moves for 2024 Taxes

By Mark Ziety, CFP®, AIF®, Senior Advisor, WisMed Financial

Road sign that reads 'Smart Money next exit'

As the April 15 tax deadline approaches, physicians still have opportunities to adjust and improve their 2024 tax returns.

Contribute to a Health Savings Account If you have a high-deductible health plan (HDHP), you may be eligible to contribute to a Health Savings Account (HSA). For 2024, the contribution limits are $4,150 for individuals and $8,300 for families. Contributions can be made until the tax filing deadline.

Read more…


Hidden Tax Benefits of Long-term Care Planning

Documents on table for the premise of calculating the amount needed for retirement and Long Term Health Care.

By Tom Strangstalien, Insurance Advisor

We’re well into the tax season, filing our returns for 2024 and planning for the 2025 tax year, and this is a perfect time to explore the hidden tax advantages offered by diligent long-term care planning.

Read more…


Tenants Improvements and Betterments, Is Your Clinic Properly Insured?

Clinic renovation

By Laura Weber, Senior Large Account Director

If you rent space for your office, clinic, or even just for storage, it’s important to understand per the lease terms which party (lessee versus lessor) is responsible for covering property at the location. The agreement with the building owner should specify:  if a property damage occurs at the rented location, who is responsible for securing insurance to cover walls, flooring, permanent fixtures, including any updates you may have made to the property whether fixed or removable.

Read more…


WisMed Assure Implements Employee Navigator to Enhance Benefits Administration

Person presents employee benefits options on a digital interface.

By Martin Hurst, Insurance Service Representative

WisMed Assure is taking a significant step in modernizing benefits administration for our employee benefits clients by implementing Employee Navigator (a leading benefits management platform designed to streamline enrollment, improve efficiency, and enhance overall experience for both employers and employees). This cloud-based platform serves as a central hub for benefits management, integrating with insurance carriers, payroll systems, and HR software to create a seamless and efficient process.

Read more…


Good Samaritan Law

By Jensen Peck, Business and Professional Insurance Executive

person helping jogger in distress

Good Samaritan Laws in Wisconsin are vital for protecting physicians who provide emergency care outside of a clinical setting. These laws encourage medical professionals to offer immediate assistance in emergencies without the fear of legal recourse, allowing medical professionals to extend their care beyond hospitals and clinics. However, it is important to be aware of when the law protects you and when it may not apply.

Read more…