3 Ways Insurance Safeguards Hospices

Insurance programs for hospices

Hospice allows those nearing the end of their lives to embrace the time they have left within an environment of their choosing. As demands increase, cohesive insurance programs for hospices can provide valuable coverage that supports business continuity and protection.

1. Employee Liability

At least 157 million Americans will live with one or more chronic afflictions by 2020 with 80 percent wishing to stay at home and avoid intensive hospitalization. While hospice can bring these desires to fruition, employees incur risk in their travels and varied work environments. Insurance can protect against suits, liability or assertions resulting from personal vehicle usage, wrongful practice allegations, injuries or accidents.

2. General and Professional Liability

Chronic ailments plague seven out of 10 people, and palliative care can ease suffering and offer support to caregivers and families. Exposure can accompany such amenities in the form of

  • injuries
  • disputes
  • claims

Insurance programs for hospices can safeguard against potentially damaging occurrences that may involve organizations, volunteers, contractors or staff.

3. Additional Protection

Firm management may face accusations regarding negligence, billing or data problems that can result in privacy violations and subsequent forensic examinations. Customized policies can tailor coverages to anticipate such incidences.

Proper Coverage

Only 25 percent of people die in the comfort of their own homes despite seven out of 10 asserting that preference. While hospice can honor these wishes, suitable insurance is necessary to shield firm assets, reputations and personnel. Reputable brokers can ensure that appropriate insurance programs for hospices are in place so professionals can stay focused on patient care.