Medical Laboratory Insurance Coverage Checklist
The coverages a medical laboratory business may carry — core, prevalent, and situational — why each matters, and the gap most often missed.
Pull out your current policy and check the box next to any coverage you can confirm is already in place — anything unchecked is worth a quick conversation with your advisor. Coverage checklist for clinical laboratories. Priorities reflect typical exposure; confirm against test menu and marketing model.
Tick each coverage you can confirm you carry — anything left unticked is a good question for your next policy review.
| Have it? | Coverage | Why this business needs it | Priority |
|---|---|---|---|
| Laboratory Professional Liability | Covers wrong-result and misidentification claims. | Core | |
| Regulatory / Billing Errors (E&O) | Covers Medicare audits, overpayment demands, and investigations. | Prevalent | |
| Cyber Liability | Covers patient-data breaches and ransomware. | Prevalent | |
| Commercial General Liability | Covers premises injuries to customers and visitors. | Core | |
| Workers' Compensation | Required in most states. | Core |
The coverage gap most often missed
The most commonly missed gap for this class is regulatory coverage for marketing and billing. Federal law (EKRA) makes paying for lab referrals a crime, and labs paying marketers on volume — especially in genetic and toxicology testing — face investigations that professional liability won't cover. Labs should carry regulatory coverage, have counsel review marketer pay, and use two identifiers on every specimen.
Send us the checklist and we'll review your medical laboratory coverage line by line, then market it across multiple carriers that compete for your account.
Related: Medical Laboratory Insurance · Medical Laboratory Supplemental (apply) · All coverage checklists
Frequently asked questions
What insurance does a medical laboratory business need?
The core coverages for a medical laboratory business are Laboratory Professional Liability, Commercial General Liability, Workers' Compensation. This checklist also lists the prevalent and situational coverages worth considering, with a plain-English note on why each matters.
Is this checklist insurance advice?
No. It is a free educational tool to help you have a more informed conversation with a licensed professional. It affords no coverage and is not insurance, legal, or financial advice — only your actual policy language governs what is and isn't covered.
Can Cory Washington & Co. review my medical laboratory coverage?
Yes. Share your checklist and we'll review your program line by line, market your account across multiple carriers, and explain the trade-offs in plain English. Cory Washington & Co. LLC is licensed in all 50 states.
This checklist is a free educational tool from Cory Washington & Co. to help you review your own coverage and have a more informed conversation with a licensed insurance professional. It is general information only — not insurance, legal, or financial advice, and not a recommendation to buy, change, or cancel any policy. Coverage terms, availability, limits, and requirements vary by policy, carrier, and state, and only the language in your actual policy governs what is and isn’t covered. Checking or leaving blank any item above does not indicate that you are adequately insured or under-insured. Using this checklist does not create a client, agency, or fiduciary relationship. Always consult a licensed professional about your specific situation.