Most business owners understand the importance of insurance to protect their companies. If you own or operate a home health care business, you may be faced with a unique set of challenges and risks that should be considered. Here are just a few reasons why home health care insurance is a must for your small business.
The Nature of the Beast
The majority of clients served through a home healthcare business are seniors who wish to stay in their own homes. They may have a chronic medical condition that impairs mobility and impacts quality of life. Even home healthcare agencies cannot predict a worsening of health nor prevent any accidental injury. With insurance, you can mitigate the possibility that you may be held liable for any such mishap.
In the Line of Duty
Unlike hospitals and other medical facilities, your business operates in your clients’ homes. With limited equipment and potentially unsafe conditions, you should protect your employees and yourself from the possibility of any claims that are out of your control.
Unlike other industries, home healthcare relies on trust to maintain a level of professionalism. Since you are not on-site to supervise your employees, you may not know if and when they may have an error of judgment. Home healthcare insurance can also protect them if they are injured while on the job.
Consider insurance as one of the fixed expenses of running a business, and you can begin to see why it makes good sense to have adequate coverage for your home healthcare business.