Residential Care Insurance: What to Look For

Residential Care Insurance: What to Look For

residential care home insurance

With an aging population, residential care facilities are in higher demand than they have been before. Like most health care facilities, you want to be able to give the best possible care to your residents. Without the right insurance coverage, you will not have the peace of mind necessary to focus on the other aspects of your business. When looking for solid residential care home insurance for your business, here is what you should look for.

Comprehensive Coverage Options

The impact that you leave on your clients is invaluable. Of course, working with the elderly can leave your business open to liability.

Always look for comprehensive options like:

  • Workers’ compensation
  • Employment practice liability
  • Third party theft
  • Medical billing E&O
  • Property coverage
  • Hired auto
  • General and professional liability

Tailored Coverage Options

No two businesses are alike. This means that you need tailored options that address your company’s needs. Look for insurers that tailor to businesses. For instance, there should be options available for hospices and different coverages and plans available for infusion therapy or in-home healthcare. Every facility has its own employees, look for custom packages.

Residential care home insurance is crucial for any home care facility. Your focus should be on your patients! It’s difficult to focus on what’s important when your business isn’t protected. Look for coverages that fit your company and that tailor to your circumstances.