As more elderly people turn to home healthcare for their medical needs, the need to insure health care providers also grows. Home health care providers face just as many risks as their hospital counterparts. Here are just a few benefits of having home healthcare agency insurance.
Professional Liability Coverage
One of the main benefits of home healthcare insurance is that it often includes professional liability coverage. This type of coverage offers protection for healthcare providers should they make a mistake. A single mistake could be costly. Fortunately, the professional liability policy will help assist with the court fees that may result from being sued. One lawsuit could be all it takes to financially ruin your home healthcare agency. It is better to be prepared.
Another key benefit that is often included in home healthcare insurance is general liability coverage. This policy offers protection for property damage and injuries that may occur on site. You can’t always determine when an accident may occur, which is why a general liability policy is necessary.
As you can see, these are several benefits of having a home healthcare agency insurance plan. Accidents like medical malpractice can occur at any time. Just remember to do what is best for your home healthcare agency.