What is the function of a Physicians Equipment Floater?

The function of a Physicians Equipment Floater is to provide insurance coverage specifically for a doctor's professional instruments and equipment. This type of policy is designed to protect valuable medical equipment that may be subject to risk from theft, loss, or damage while being transported or used in various locations.

Physicians, surgeons, and other healthcare providers rely on specialized tools and devices to perform their duties, and these can be quite costly to replace. The equipment floater ensures that if something happens to this equipment, such as accidental damage or theft, the physician will receive compensation and can quickly replace or repair the items, allowing them to continue providing care without significant interruption.

In contrast, the other options refer to different types of insurance. For instance, coverage for lost healthcare patients is not an insurable risk since patients do not get lost in terms of insurance coverage; liability insurance for medical malpractice protects against lawsuits for errors in patient care rather than equipment; and coverage for healthcare facility buildings pertains to property insurance, which focuses on the physical location of the practice or hospital rather than the equipment used within it. Thus, option B accurately captures the essence of the Physicians Equipment Floater.