When it comes to home health care, no two businesses are alike. Home health care insurance programs should be tailored to fit your business plan so that you aren’t paying for coverage that you don’t need. You also dont want to be underinsured in the worst case scenario. Make sure your insurance agent works with you to safeguard your business with the appropriate amount of coverage and endorsements that you need.
As a home health care organization, insurance goes beyond just general liability. You can take out professional liability coverage for your specialized professionals that cover errors or patient injury. The personal nature of your business is emotionally charged, and this can lead to even more problems when there is a problem between the caregiver, the patient, and the family. There are many more insurance endorsements that specifically cover the needs of your staff, volunteers, and board of directors.
Even if your organization has careful policies and procedures in place to prevent many issues, you cannot foresee every situation or prevent mistakes and accidents from happening. The legal fees alone from a lawsuit could cripple your business. Get the right coverage with customized home health care insurance programs. Talk to your representative about your business concerns and risk assessment program to see where your gaps are. With their knowledge of the industry, they have the resources to tailor your insurance policy to meet your needs.