You run a busy, established home health care agency. Between trying to recruit qualified caregivers and keeping up with client scheduling changes, it can be difficult sometimes to spend time on the operations side of your business. When was the last time you reviewed your agency’s home health care insurance coverage? If you can’t remember, you could be vulnerable because of inadequate insurance.
Has your agency added another office or expanded its service area? If so, you may need to increase your general liability/package policy coverages. Perhaps with the growth, you have added additional leadership within your company. Be sure and ask about directors and officers liability policies, especially if you have never had it before.
Maybe you have been able to generate growth by focusing on particular specialty services. Whether its memory care or end-of-life care, it can be especially rewarding to offer support to medically fragile individuals and their families. It can also leave you vulnerable to increased risks if you do not have adequate professional liability protection.
Home care work can be physically demanding. Even with the best training, you may have an employee get injured. Make sure you have the right level of workers compensation coverage. To get the best advice, contact an agency that specializes in home health care insurance.