Home health care agencies provide services for people with medical conditions who wish to remain at home or cannot leave their homes to receive treatment and care. Basic services generally include medication administration, bathing, companionship, dressing, feeding, toileting and transporting. A home health care agency may also offer respite care for families who look after loved ones in their homes or hospice care for terminally ill patients.
At HUB International, we understand that your agency serves a unique population and operates within an increasingly complex and competitive environment. We have the expertise to support skilled nursing, assisted living, memory care, PACE programs and continuing care retirement communities.
Let us help you manage your ongoing and evolving risks! Our insurance specialists can:
- Reduce your total cost of risk
- Identify potential gaps and deficiencies in your existing insurance programs
- Secure the best possible terms by leveraging our relationships with top carriers
- Achieve satisfactory claims resolution
- Maintain regulatory compliance
- Optimize your employee benefits program while keeping costs under control
Key Risks Facing Home Health Care Agencies
Medical professionals who treat and provide services in their patients’ homes can encounter several issues that would warrant the need for insurance coverage, including:
- Property Exposure, generally limited to an office with papers, computers and some storage of items that may be needed by the home health staff.
- Crime Exposure from employee dishonesty of money, inventory and patients’ property.
- Inland Marine Exposure includes accounts receivable if the agency bills for services, computers, all equipment that is owned by the agency and is kept off site at the homes or cars of employees, and valuable papers and records for patient information, including doctors’ orders and employee documentation.
- Premises Liability, specifically the off-premises exposure of having workers in patients’ homes, requires procedures and policies to be in place.
- Professional Liability Exposure, which can be reduced by conducting thorough background checks to verify employees’ credentials, education and licensing.
- Automobile Exposure may be limited to hired and non-ownership liability for employees running errands or using their own vehicles to make house calls.
- Workers Compensation is primarily off site at patients’ homes. Gloves and masks should be worn at all times when working around any bodily fluids, as these can transmit diseases. Employees should have access to vaccinations to prevent diseases.
Coverage for Home Health Care Agencies
At a minimum, we recommend the following coverage for home health care agencies:
- Business Personal Property
- Employee Dishonesty, Money and Securities
- Accounts Receivable
- Physician and Surgeons Floater
- Valuable Papers and Records
- General Liability
- Employee Benefits
- Professional Liability
- Umbrella Insurance
- Hired and Non-ownership Auto
- Workers Compensation
Other coverages to consider include:
- Building Insurance
- Business Income and Extra Expense
- Earthquake Insurance
- Flood Insurance
- Leasehold Interest
- Real Property Legal Liability
- Computer Fraud
- Forgery Insurance
- Mobile Equipment
- Cyber Liability
- Employment-related Practices
- Business Auto Liability and Physical Damage
- Stop Gap Liability
Together, let’s protect your business and its unique patient population.CONTACT US TODAY
for a Home Health Care Agency insurance quote!