Home healthcare insurance includes several important coverages, each one critical to successful operation. Click on the bold text below for more information about the different types of home healthcare insurance coverage.
Home healthcare professional liability insurance is a very important type of hospice insurance coverage. Home healthcare professional liability insurance pays on behalf of the home healtchare for money damages the home healthcare becomes legally obligated to pay because of injury caused by a “medical incident.” (The term “medical incident” is defined in the HCCIS program professional/general liability policy.)
Home healthcare general liability insurance is another important coverage. Home healthcare general liability insurance pays on behalf of the home healthcare for money damages that the home healthcare becomes legally obligated to pay because of bodily injury or property damage caused by the home healthcare that does not involve a medical incident.
Home healthcare auto insurance is a two-part coverage. The first part of home healthcare auto insurance covers physical damage to automobiles. The second covers liability for bodily injury or property damage caused by the operation of automobiles. Home healthcares that own automobiles should purchase a commercial auto insurance policy. Home healthcares that don’t own automobiles can purchase coverage they need for liability for the operation of automobiles they don’t own which are operated on their behalf by employees and volunteers. This home healthcare non-owned auto liability insurance can be added by endorsement to the home healthcare general liability insurance.
Home healthcare excess liability insurance is an extra coverage that many hospices purchase. Home healthcare excess liability insurance pays on behalf of the home healthcare for money damages that exceed the limits of its home healthcare professional liability insurance, home healthcare general liability insurance or home healthcare auto insurance. It’s an extra layer of protection for incidents of severe bodily injury or property damage.
Home healthcare directors and officers insurance and home healthcare employment practices liability insurance are two coverages that home healthcares can purchase for certain legal obligations to pay money damages that do not involve bodily injury or property damage. HCCIS can provide both home healthcare directors and officers insurance and home healthcare employment practices liability insurance on the same policy, but only for not-for-profit home healthcare organizations. For-profit home healthcare organizations should work with their insurance agent or broker to purchase these coverages.
Home healthcare sexual abuse liability insurance is a serious coverage issue and a serious home healthcare risk management issue. Insurance companies that provide home healthcare liability insurance approach home healthcare sexual abuse liability insurance in different ways. Some include coverage by the fact that their policies don’t exclude it. Some have a separate coverage part for abuse liability, which includes home healthcare sexual abuse liability insurance coverage. Others exclude coverage or provide it with a reduced limit of liability.
Home healthcare property insurance is another coverage that a home healthcare needs. Home healthcare property insurance protects the home healthcare from the financial consequences of loss or damage to buildings, furniture and fixtures, equipment and inventory and supplies. Crime insurance coverage, for employee dishonesty, forgery or alteration and theft, disappearance or destruction of money and securities is also available. HCCIS customers can purchase a property package policy that includes crime insurance coverage.
Home healthcare workers’ compensation insurance is another coverage that home healthcares may need to purchase. Home healthcare workers’ compensation insurance is generally mandated in every state. Coverage is dictated by state law and varies from state to state. Home healthcare workers’ compensation insurance provides state-mandated benefits for home healthcare employees who are injured in the course of their employment by the home healthcare. HCCIS does not provide home healthcare workers’ compensation insurance. Home healthcares should work with their insurance agent or broker to purchase this mandatory coverage. |
