What is Orthotics & Prosthetics Crime?
Orthotics & Prosthetics Crime coverage protects clinics, manufacturers, and practitioners against losses caused by dishonest acts such as theft, employee dishonesty, and fraud that directly affect orthotic and prosthetic inventory, patient records, or client funds. This specialized fidelity-style protection complements broader commercial liability and property coverage by focusing on intentional wrongful acts rather than accidental loss.
Who needs it
Providers who commonly buy this coverage include small clinics, lab operators, manufacturers, and retail dispensaries that handle costly external devices and patient billing. Facilities that assemble or store prosthetic components, or that provide direct patient care and billing services, should consider it alongside general liability and equipment coverage. If you manufacture or fit devices, see additional options like Orthotic and Prosthetic Manufacturers and Practitioners Insurance for broader program needs.
What it typically covers
Policies vary, but common coverages include:
- Employee dishonesty and internal theft of inventory or patient funds
- Forgery or alteration of financial instruments
- Theft of finished prosthetic and orthotic devices or components
- Funds-transfer fraud or computer-based theft tied to billing systems
For providers working with high-value external components, related product and equipment exposures can be addressed alongside targeted coverage such as External Prosthetic Devices Insurance.
Common exclusions or limitations
Typical exclusions include acts discovered outside the policy period, losses caused by volunteers not listed as insureds, indirect losses such as reputational harm, and intentional wrongful acts by owners who are excluded by name. Cybercrime or electronic data breaches may be excluded unless specifically endorsed, so review how patient records and electronic billing are covered.
Factors that influence cost
Underwriters look at several risk factors when pricing coverage: the value and turnover of inventory, internal controls and segregation of duties, background checks and hiring practices, claims history, and whether you also carry property and commercial auto coverage. Practices that perform fitting services or handle patient billing may also evaluate Errors & Omissions exposures; see related options like Orthotic and Prosthetic Patient Care Errors and Omissions Insurance for combined considerations.
Proof of insurance & compliance
Insurers can issue certificates of insurance for clients, landlords, or regulatory bodies requiring proof of coverage. Maintain clear records of inventory and receipting procedures to speed claim handling and to demonstrate loss prevention controls during underwriting.
How to get a quote
Collect recent financials, an up-to-date inventory list, and a summary of internal controls (cash handling, access to stock, and employee screening). To begin, talk to your agent — they can evaluate whether standalone crime coverage, a fidelity bond, or a package including property and commercial liability is most appropriate for your operation.
Frequently Asked Questions
Do standard business property policies cover theft of prosthetic parts?
Not always. Property policies may cover theft of stock but often exclude employee dishonesty or certain types of fraud; crime/fidelity coverage fills those gaps.
Is employee dishonesty automatically included?
No. Employee dishonesty or fidelity coverage is typically a separate limit or endorsement; confirm definitions and named insureds with your underwriter.
Will my policy cover losses from cyber-enabled fraud?
Cyber-enabled losses may require a specific endorsement or a cyber/crime policy. Review policy language closely to see whether funds-transfer fraud or social engineering is included.
Still have questions? Talk to a local insurance expert.