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Does your organization need terrorism insurance?

Ambulatory Safety Monitor, September 16, 2004

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Business owners are still feeling the impact from the terrorist attacks of September 11, and many want to take out terrorism insurance to cover losses should a repeat assault occur. Ambulatory surgery centers (ASC) are among the potential buyers, but they often don't know which steps to take.

Although purchasing terrorism insurance isn't required by the JCAHO or the AAAHC, each ASC must consider whether it is right for the organization. A key consideration is whether the ASC is close to urban risks, such as federal buildings and arenas where lots of people gather; rural threats, such as manufacturing plants, aviation facilities, and biotech companies; or infrastructure, such as dams, bridges, and major intersections. 

Mike Chapman, chief of sales for Hub International New England of Wilmington, MA, suggests ASCs that want to take out terrorism insurance do so as part of their annual policy renewals to get the most competitive rates. He explains that in the event that losses from an attack outweigh the coverage, the federal government can jump in with assistance. The Federal Emergency Management Agency at http://www.fema.com includes a terrorism planning tool to help you determine your degree of risk.

This week's tip is an excerpt from Briefings on Ambulatory Accreditation, a monthly publication that reports on the activities of the ambulatory care accreditors, the JCAHO, and the AAAHC. It illustrates exactly what you and your staff need to do to pass a survey and gain accreditation so that your organization is known for quality and can affiliate with other delivery systems.

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