Providing patients with medical services in their homes comes with a range of inherent risks, and it’s important for businesses in the home health care industry to protect themselves from risks when possible. Home care insurance helps Massachusetts businesses that provide in home health care shield themselves from a number of the perils they face.
Home care insurance is a specialized type of commercial insurance that’s designed to meet the insurance needs of businesses that provide in-home medical services. Policies are generally written as package policies that come with multiple coverages, which allows them to provide businesses with multiple protections.
Most Massachusetts businesses that offer in home health care can benefit from the protections that an in home health care insurance policy offers. Such businesses include (but aren’t limited to) organizations that offer in home nursing, physical therapy, occupational therapy and hospice services.
Businesses that aren’t sure whether this is the right type of insurance for them should speak with an insurance agent who specializes in in home health care policies. A specialized agent will know what sorts of situations these policies are well-suited for, and they’ll be able to give informed advice regarding what kind of policy to get. They can recommend a different type of policy if it’s more appropriate, and they can assist with comparing in home health care insurance policies if this is the right option for a business.
As mentioned, in home health care policies normally offer multiple coverages and those coverages can vary. Some of the protections that a policy may make available are:
In addition to these, policies frequently also offer business income coverage, cyber liability coverage and many other protections.
Broadly speaking, many in home health care policies offer protection against abuse and molestation accusations in one form or another. Some policies include this within their standard general liability protections, while others make it available through an additional, distinct protection.
Since exact protections are determined by policies’ particular terms, conditions and exclusions, whether any one policy covers instances abuse and/or molestation is determined by that policy’s own documentation. Businesses should carefully review their policy’s documents with a knowledgeable insurance agent so they have an accurate understanding the protections afforded.
Insurance companies frequently make a couple of different kinds of commercial auto coverage available, and which one is appropriate for a business depends on who owns the vehicles that business relies on.
Businesses that own commercially registered vehicles that employees drive while working usually need a full-fledged commercial auto coverage. This is a fairly traditional option, with protections being similar to what’s found in personal auto policies (but slightly adjusted for businesses’ needs).
Businesses that have employees drive their own vehicles for work might only need hired and non-owned auto coverage. This typically gives a business liability protection when the employee-owned vehicles are being driven to and from patients’ locations.
For assistance with finding home care insurance that will give your Massachusetts business robust protections, contact the independent insurance agents at The Feingold Companies. Our agents are able to request quotes for policies from multiple insurance companies, and they have the expertise necessary to help you select the best one.