HealthFirst Medical Insurance Analysis & Coverage Guide
HealthFirst Medical, headquartered in Boston, MA, operates within the healthcare industry, employing between 100 and 200 individuals. Since its inception in 2012, it has grown to generate an estimated $30M in annual revenue. As a provider in a critical and sensitive sector, HealthFirst Medical faces unique operational and liability risks.
Company Overview
Healthcare
100-200 employees
2012
Boston, MA
$30M
67/100
Insurance Spend Analysis
Estimated Annual Spend
Based on industry benchmarks and company specifics, HealthFirst Medical's annual insurance spend is estimated to range between $200,000 and $500,000.
Industry Average
Peers within the healthcare sector typically spend 2-5% of their annual revenue on insurance.
Savings Opportunity
Leveraging data on claims history and negotiating for bundled coverage options may offer potential savings and more customized protection.
Primary Risk Factors
Professional Liability
Cyber Liability
Workers Compensation
Commercial Property
General Liability
Coverage Gaps Identified
Optimization Opportunities
Recommended Coverage Types
general-liability
Recommended: $1M per occurrence / $2M aggregate
Premium: $5,000 - $7,000 annually
professional-liability
Recommended: $1M - $5M per occurrence, depending on services scope.
Premium: $10,000 - $25,000 annually
cyber-liability
Recommended: $1M - $3M
Premium: $7,000 - $15,000 annually
workers-compensation
Recommended: Statutory requirements vary by state.
Premium: $15,000 - $40,000 annually, depending on claims history and risk factors.
commercial-property
Recommended: Replacement cost of property and contents.
Premium: $10,000 - $20,000 annually
industry-specific-coverage
Recommended: Varies based on specific business needs and assets.
Premium: Varies
Common Insurance Carriers
Get Your Custom Analysis
See how your company compares to HealthFirst Medical and get personalized recommendations
No credit card required • 5 minute setup