What to Know About Insurance for Hospices

What to Know About Insurance for Hospices

Business insurance for hospices

Business insurance for hospices generally includes a variety of different coverages. Each of these coverages is a vital to the running of the business. Here is what you need to know about some of the basic coverage.

General Liability

All hospices need general liability insurance. This type of insurance will pay on behalf of the hospice if a person is injured or if there is property damage caused by the hospice itself. This type of insurance is usually required for all hospices.

Property Insurance

Property insurance is a necessity when it comes to business insurance for hospices. The property insurance protects your business from loss or damage to buildings, furniture, equipment and supplies. This can be due to fire, extreme weather or due to crime.

Auto Insurance

If your hospital has its own automobiles, then you should consider a commercial auto insurance policy. This can help cover all of your vehicles in case of an accident. However, if your employees use their own cars for work, then you need to purchase separate auto liability insurance.

When you run any business, insurance is vital. This is especially true when it comes to running a medical facility like a hospice. In order to keep your hospice running smoothly, it is important that you have the proper coverage in case of an accident.