Today healthcare businesses must comply with a multitude of rules and laws, introducing diverse risks of operating your service-oriented front. To name a few, there are the HIPAA HiTECH and Privacy rules, local and state building codes for healthcare systems, federal healthcare compliance policies and building standards, malpractice coverage for your provider staff types, and general liability and contents of your physical premise.
These boundaries succinctly define a risk portfolio for your continuing operations. Each boundary created by a rule or law introduces a risk of non-compliance or the potential for a cost of non-compliance. An effective insurance portfolio would manifest a manageable cushion against the threats from these risks. Insurance coverages map directly to each of these threats and risks. One type of insurance coverage in a portfolio would blanket one category of risks and possibly others in part.