To defend against risks, your accounts need liability insurance and workers’ compensation for home healthcare work.
Home healthcare is a much-needed service. It’s noble to pursue helping people lead their best lives in the comfort of their own homes. Unfortunately, the principles behind why your home healthcare clients work – no matter how pure – aren’t enough to protect them. Let’s take a look at liability insurance and workers’ compensation for home healthcare businesses – and why these businesses really need them.
Your clients know their business needs protection. They’ve probably even thought about hunting for some kind of insurance coverage, and that’s why they came to you asking what kind they need. Of course, it depends on their unique location, type of services, clientele, etc. There are a number of factors to consider, but no matter what, there are two types of insurance you can remind them they absolutely need: liability insurance and workers’ compensation.
All businesses need liability coverage, but theirs faces increased risk. Home healthcare business claims are all too common. What happens if they get sued because they or one of their employees cause (or even allegedly cause) bodily injury or property damage? If that home healthcare business has a liability policy in place, it can cover the legal fees and even the settlement – should it come to that.
In a similar line of thinking, what happens if one of their employees get injured on the job? If a staff member pulls out his back helping a patient, they’ll have a few options. First, they could wait for him to sue for the resulting medical expenses and lost wages. Secondly, they could dip into the company coffers to cover them. Or finally, their workers’ compensation could pick up the tab. You can clearly show them that the last option is the best for their business’s bottom line!
Do your healthcare accounts have the coverage their hard work deserves? At PMC Insurance Group, we’re experts on workers’ compensation for home healthcare businesses and can help you put the proper policies in place. To learn more about getting competitive coverage for your healthcare clients, contact us today.