There are many important considerations when starting a home care agency, and properly insuring the business is one of the most crucial. Home care agency insurance can be tailored to the specific needs of your firm no matter the scope of the operation. The nature of the services offered in home care requires employees to enter clients’ homes and physically interact with them, opening your business to general liability hazards. If employees are delivering medical care, professional liability comes into play. This type of coverage is more commonly known as a malpractice or errors and omission insurance policy.
Home care employees are subject to injury from moving patients and exposure to pathogens from blood and other bodily fluids, chemicals, drugs and medical waste. Workers’ compensation insurance, whether from a state pool or in the general marketplace, protects employers from injury claims requiring compensation of their employees. Other types of insurance coverage such as hired and non-owned automobile policies, regulatory audit policies, and directors’ and officers’ liability policies and employment practices liability policies offer additional risk mitigation for a home care agency start-up of any size.
Home care agency insurance is a top priority for a successful home care start up. Appropriate coverage keeps your personal and business assets safe as you grow your business.