How To Keep Your Home Care Agency Protected

home health care insurance programs

As the number of seniors and chronically ill continue to rise, so will the need for home health care. Add that to the fact that home health care is more affordable and convenient than alternatives such as assisted living facilities and nursing homes, the industry is ripe for continued growth.

With these great opportunities also comes increased risk exposure. As a result, home health agencies must have the right amount of insurance to protect against these risks. There are plenty of home health care insurance programs available on the market. Here are specific coverages to look for when conducting your search.

1. Workers’ Compensation

This is a must-have for protecting your business against lawsuits and other expenses resulting from employee workplace injuries or death.

2. Non-Owned & Hired Auto

Coverage needed to protect your business in the event of an employee car accident while performing work-related activities.

3. Professional Liability

In case of a patient’s injury or death because of your agency’s services, professional liability coverage provides protection against lawsuits by the patient or their family.

4. Employment Practices Coverage

Whether it’s for hiring, termination, or any other reason, your business is protected against any lawsuits pertaining to employment practices.

The rapid growth in the industry has given rise to many home health care insurance programs. When starting a new policy, make sure it includes the right level of coverage for the services offered by your agency.