Home health care is a specialized field that provides an important service to patients who need some help but don’t want to give up all their independence. If you are in the industry, it’s important to have the right coverage. Manchester Specialty Insurance recommends several policies to include in your care provider insurance package.
When you are working so closely with patients, you need to make sure you are covered in case an accident happens. Your general liability policy is a good place to start, but you may also consider adding professional liability to your package. You can get liability coverage specifically designed to cover the unique risks you take at your job.
Caring for others in their homes can be physically demanding, so there is the possibility of personal injury on the job. If you are hurt or contract an illness while working, a worker’s comp policy can pay for medical treatment and any wages you lose while you are recovering.
Because you are going to your patients’ homes rather than having them come to you, you need a reliable way to get there. Your care provider insurance should include an auto policy.
Every industry has its own insurance needs. Having the right coverage for home health care protects you and the people you serve.
For those in the medical field, malpractice insurance is often of the first areas of defense against claims of neglect, actions, or inaction that lead to patient harm. This insurance is a form of professional liability, and the medical field sees almost 20,000 malpractice claims filed every year. With tail insurance coverage, a physician is able to extend their malpractice coverage after the claims-based policy has been terminated or canceled.
The options for this extended coverage allows medical professionals to have liability coverage in the event a lawsuit or malpractice claim is filed against them after their insurance coverage has been terminated. Many medical facilities require physicians to purchase tail coverage because malpractice suits aren’t always filed immediately following an incident. In reality, the following factors affecting reporting timelines.
Patients care is ongoing.
The patient has no immediate knowledge of medical negligence.
The formal channels and means by which a patient must make the assertion of a negligence claim.
Because of the insurance many hospitals and medical facilities carry, physicians are often required to carry their own malpractice insurance. A hospital insurance policy may only offer limited liability assistance with professional duties, and malpractice insurance allows a physician to be covered regardless of the scope of duty. Tail insurance creates a bridge policy that physicians can use when transitioning between employers or when unemployed.
If your business is taking care of ships when they need maintenance and repair, you need insurance that understands what you do. General business insurance with one-size-fits-all language tries hard to be inclusive, but without terms that speak to the nature of your industry, how can you have peace of mind about what your coverage does? That’s why you need an insurer whose focus allows the company to really serve those looking for marine contractors insurance.
Ship Repair Liability? Covered in the Shop and Outside
Your coverage needs to go everyplace you have liability for the performance of your work, and that means it needs to extend well past your front door.
Coverage for property damage due to workmanship issues
Liability coverage for injury and death to third parties
Liability coverage for third-party property damages where your work assigns you liability
If your insurer can’t speak to you in the terms that reflect your day to day experience with customers, it’s time to find someone whose policy language and communication style are a perfect fit. That way, you’ll know you have coverage for all the foreseeable situations that are part of doing business when you repair ships. It doesn’t matter if you’re in a boatyard or working in an independent workshop, the right insurer will be able to take care of your marine contractor’s insurance needs.
Home care agencies involve providing care to individuals who need daily care related to housekeeping and certain medical needs. While this provides an important service to these folks, it’s important to have the necessary coverage to avoid problems. Here’s why home care agency insurance is necessary for agencies, workers, and the people they care for.
Insurance Provides General Liability Coverage
Although general liability doesn’t sound specific to a home care agency’s needs, it provides protection against problems such as bodily injury and property damage. These are more likely to occur in someone’s home than a traditional healthcare setting, so it’s important to protect workers and the agency from these problems.
Worker’s Compensation Handles Injury Issues
Injuries are common at any job. For those involved working in people’s homes moving and handling patients, this is even more common. Having a worker’s compensation program on insurance can protect against a costly issue from arising.
Professional Liability Protection
Sometimes claims against agencies and the individuals working for them can arise. Even in cases where these claims are unfounded, it’s necessary to have insurance coverage in case the agency is taken to court. Having this kind of protection keeps agencies from getting involved in costly court proceedings.
Home health care agency insurance is necessary for agencies and individuals. It can protect against accidental injuries for the person receiving care as well as the worker. Altogether, this can save agency money should they get involved in court or need to pay out of pocket costs.