Congratulations on joining the challenging but rewarding field of home health care! You and your employees will soon be bringing peace of mind to families and dignity to patients. Don’t neglect your own peace of mind, though. Before you start recruiting for caregivers or setting up your referral network, explore your protection options with specialty insurance programs for home health care providers. A bit of careful planning upfront can save you from costly problems in the future.
Unique Risk Exposures
By their very definition, in-home care agencies working with vulnerable populations are placed in positions of trust. Your employees will be working where your clients live, not in the controlled environment of an office setting. When looking for an insurance agency, be sure to choose one that understands your industry’s work and offers specialty insurance programs for home health care providers.
You need an agent that can knowledgeably discuss coverage options like:
- Non-owned and hired auto
- Employment practices liability insurance
- Regulatory audit insurance
- General liability/package policy
Not only will having the right insurance coverage protect your new agency, it can even make it better. As you discuss potential risks with your agent, you can also establish policies to help reduce the possibility of problems happening in the first place. Take time now to give your agency a strong start.