Home health agency insurance policies every insider is using
Home health agency insurance typically includes several key components:
1. **General Liability Insurance**: This policy protects against claims of bodily injury or property damage that might occur during the delivery of services. It's a fundamental coverage that every agency should have to safeguard against costly legal fees and settlements1.
2. **Professional Liability Insurance**: Often referred to as malpractice insurance, this coverage is crucial for protecting against claims of negligence or errors in service delivery. Given the sensitive nature of healthcare services, this policy is indispensable for any home health agency2.
3. **Workers' Compensation Insurance**: This insurance is legally required in most states and covers medical expenses and lost wages for employees injured on the job. In the home health industry, where employees frequently work in various environments, this coverage is particularly important3.
4. **Commercial Auto Insurance**: For agencies that provide transportation services or have employees who drive as part of their job, commercial auto insurance is necessary to cover any accidents or damages that occur while on the road4.