Thousands of Baby Boomers are turning 65 every day, increasing the demand for healthcare services. Many of those in this aging population have multiple chronic conditions. Consequently, there is a growing demand for a wide variety of caregivers. All these professionals, facilities and services are going to need liability insurance. Even if members in this workforce have a policy, there is a good chance they are underinsured.
As healthcare utilization diversifies and grows, so will the requirements to properly cover the individuals and businesses working in the medical field. Statistics show medical professional liability is no longer a niche market. Brokers and agents should take advantage of these new opportunities to insure the growing healthcare industry now.