What Is Home Health Care Service Insurance?
Home health care service insurance provides coverage for home health care providers who deliver care in patients' homes. No matter how careful you are when providing care, it's possible to make mistakes. This might include:
- Making mistakes during medical procedures
- Failing to explain care details to a client
- Providing advice to a patient resulting in an injury
- Causing injuries to the patient
- Being injured as an employee on the job
- Causing property damage
Various coverage types provide liability coverage to protect your business.
Who Needs Home Health Care Service Insurance?
All care providers who provide care for patients in their homes should have home health care service insurance. Examples include:
- Companion care providers
- Home health aides
- Skilled nursing care providers
- Personal care assistants
- In-home hospice care providers
You can get a policy for yourself as an independent health aid. Home health care agencies can also take out policies for their entire agency. Without proper coverage, you expose your business to the potential for major liability that could devastate you financially.
What Type of Coverage Do I Need?
Home health care service insurance describes a variety of individual insurance types that provide robust coverage for various situations. Types of insurance to consider when you deliver care services include:
- General liability insurance: This type of coverage protects you financially and legally if you cause bodily injuries or property damage during the course of providing health care services. For example, it can cover the cost of replacing an item you knock off and break in a client's home.
- Professional liability insurance: For an in-home health care provider, professional liability insurance covers you if you're negligent with personal or medical care. Examples include omissions in documenting care or giving a patient the incorrect dosage of medication.
- Workers' compensation: If you own an agency and have employees, you're likely required to carry workers' compensation insurance. It covers the medical bills should an employee become injured on the job.
- Commercial auto insurance: For home care businesses that own commercial vehicles, having commercial auto insurance coverage is essential. It provides liability insurance for injuries and property damage involving one of your company vehicles.
- Cyber liability insurance: In a world where many companies rely on software and digital records, cyber liability insurance is an important coverage option. It protects you against liability should your electronic patient records be compromised in a cyberattack.
How Much Does Home Health Care Service Insurance Cost?
The cost of home health care service insurance varies based on your needs and the details of your business. When you apply for coverage, companies consider:
- The type of care you provide
- Employee qualifications
- Your company's size
- The number of employees you're covering
- How much coverage you get
- The deductible amount
- Any history of claims on previous health care service insurance policies
- Business location
The best way to determine how much you'll pay is to get a personalized quote for coverage.
Get a Quote With Tivly
Home health care service insurance gives you peace of mind as you provide home health care to your clients. It could save your business financially if you face a liability situation. Tivly is here to help you figure out what coverage you need. Get your quote for home health care insurance today by calling 1-877-907-5267.
