Calgary Medical Clinic Insurance

Comprehensive Calgary medical clinic insurance coverage options for your practice

When it comes to Calgary medical clinic insurance, the coverage you choose will determine exactly what your policy protects. Below is an overview of the most common insurance options for medical clinics in Calgary:

• Commercial property insurance – protects your clinic’s physical assets, including owned buildings, specialized medical equipment, diagnostic tools, furnishings, and inventory (such as dental/medical supplies or medications/drugs). This coverage helps repair or replace these items if they are damaged, stolen or destroyed due to an insured peril.
• Commercial general liability insurance – CGL covers expenses if someone is injured or their property is damaged while at your clinic. This may include medical treatment costs, legal fees, and settlements involving patients, visitors, or vendors.
• Professional liability insurance – also called errors and omissions (E&O) coverage, this is vital for both individual practitioners and the clinic as an entity. Even if healthcare professionals like dentists, physicians, chiropractors, and physiotherapists carry their own coverage through regulatory bodies, clinics must have their own policy to protect against lawsuits that name the business or employees without individual coverage.
• Cyber liability insurance – safeguards your clinic against losses from cyber incidents, such as ransomware attacks, data breaches, or theft of sensitive patient records. This can also cover the costs of notifying affected patients and address fines related to Alberta’s Health Information Act (HIA).
• Equipment breakdown insurance – helps repair or replace essential medical equipment devices (such as X-ray machines, imaging systems, or dental chairs) if they fail due to mechanical, electronic or electrical failure.
• Business interruption insurance – if your clinic is forced to temporarily close due to a covered event (fire, flood, or equipment failure), this insurance helps replace lost income and cover ongoing expenses until operations resume.
• Directors & officers (D&O) liability insurance – important for incorporated clinics or those with a board of directors, this coverage can help with legal costs if directors or officers face allegations of wrongful acts or lawsuits.
• Employment practices liability insurance – offers protection against claims involving employment disputes such as wrongful termination, workplace harassment, or discrimination.
• Commercial vehicle insurance – covers clinic-owned vehicles, like mobile health units or delivery vans. In Alberta, commercial auto policies include mandatory third-party liability, accident benefits, and direct compensation property damage. Additional options like collision and comprehensive coverage can be added.
• Crime insurance – protects your clinic from losses related to internal employee theft, burglary, fraud, or other criminal acts.

Every Calgary medical clinic insurance policy is unique, and coverage varies by provider. Your Acera Insurance broker will work closely with you to design a plan that fits your clinic’s needs, explains your policy in clear terms, and ensures you have the right protection for your practice, team, and patients.

Calgary medical clinic insurance: What affects your premiums and how to get the best quotes

Securing the best medical clinic insurance in Calgary doesn’t have to be overwhelming. At Acera Insurance, we focus on educating our clients while guiding them through every step of the process. By working with an experienced local insurance broker, you can compare options from top insurers and access some of the most competitive rates available.

Key factors that influence Calgary medical clinic insurance costs

The price of medical clinic insurance in Calgary depends on the unique risks your practice faces, the value of your assets, and the type of care you provide. Insurers typically assess several factors when calculating your premium, including:

• Type of medical services offered – specialized services (such as surgery or high-risk treatments) can often carry higher premiums.
• Clinic size and scope – the larger and more complex your operation, the more coverage you’ll typically need.
• Location of your clinic – your Calgary neighbourhood can influence costs based on local risk factors such as crime rates or potential for flooding.
• Value of equipment and property – high-value assets, such as diagnostic imaging systems or dental chairs, can be expensive to repair or replace, which could impact premiums.
• Annual revenue – higher revenues may require increased coverage limits.
• Claims history – maintaining a clean, claims-free record can often lead to more favorable rates.
• Cybersecurity practices – strong data and network protection measures can reduce the risk of costly breaches.
• Accreditation, training or education – accredited and well-trained staff may help lower the perceived risk of your clinic.
• Number of employees – employing more staff can often mean increased exposures and may require additional coverages.
• Coverage limits and policy features – a more comprehensive policy means greater coverage but can also come with a higher cost.

How much does medical clinic insurance cost in Calgary?

The cost of medical clinic insurance in Calgary depends on factors such as your clinic’s size, the services you provide, and the coverage limits you select. Because every clinic faces unique risks, there’s no universal rate that fits all practices. That said, the following examples can help give you a better idea of what different types of Calgary clinics might expect to pay for their insurance.

• A small, single-practitioner clinic, such as a chiropractic or massage therapy practice, can expect to pay around $1,000 to $2,500 per year for coverage.
• A medium-sized clinic, like a dental office that employs a team and operates high-value equipment, will typically pay $2,500 to $7,500 per year.
• A large clinic, such as a private surgical facility with multiple staff and higher-risk procedures, may pay anywhere from $10,000 to $100,000 annually, depending on the scope of operations and coverage needs.

How to find the right Calgary medical clinic insurance quote

The most accurate way to determine your premium is to work with a broker who understands the Calgary healthcare landscape. At Acera Insurance, we’ll review your clinic’s needs, compare quotes from multiple providers, and tailor a policy that balances cost with protection. You can continue focusing on caring for your patients, while we focus on your shielding your business.