General liability insurance is important to consider for any business, and the home health care industry is no exception. If you have an office and someone is injured there, or if one of your employees damages someone’s property while on a home visit, this coverage may help cover legal defense fees or damages. Professional liability offers protection against claims that you made a mistake or someone was injured due to negligence. Sexual abuse and molestation liability insurance are also important due to the sensitive nature of the work you do.
Theft
Identity Theft
Of course, there are other unique risks to consider that might be more customized to your lifestyle. Household help, such as nannies or landscaping crews, identity theft, international travel, and more all have specialized insurance solutions to help protect your wealth.
Forgery
Crime and fidelity coverage is designed to provide coverage for employee dishonesty, forgery and depository, theft, destruction and disappearance, and more. Discuss the details of this coverage with your agent to learn more.
Extortion
Cyber liability coverage covers unauthorized access to electronic data or software within your network. It also provides coverage for spreading a virus, computer theft, extortion, or any unintentional act, mistake, error, or omission made by an employee. This coverage is quickly becoming more and more important as you embrace technology to help run your businesses.
Hit and Run
Uninsured/underinsured motorist damage coverage may compensate you for bodily injury and lost wages caused by an uninsured motorist, a hit-and-run driver, a driver whose automobile insurance company is insolvent, or a driver who has not purchased enough coverage to pay for damages.
A commercial umbrella policy provides high limits of insurance, typically between $2,000,000 and $10,000,000. Coverage is extended over your general liability insurance, workers' compensation, business auto, as well as directors and officers liability coverage. It provides a great safety net and helps ensure your business is well protected.
Wrongful Termination
There are risks associated with employing domestic staff in your home. Employees can become injured on the job, leaving you to pay out-of-pocket for their medical expenses. Additionally, staff can sue for wrongful termination, privacy issues, discrimination, and harassment claims.
Sexual Harassment
Coverage to protect you against this risk normally comes as a standalone policy. The right coverage is critical to your risk management process as it protects against discrimination, wrongful termination, sexual harassment, and other employment-related allegations. Typically, the policy will cover your business as well as your directors and officers. Third party coverage is an added option, usually accomplished via a policy endorsement, and addresses claims made by customers or vendors against you from acts committed by employees.
Imagine if your house caught on fire. Not only would you lose your home, but you’d also be burdened financially and emotionally. Without adequate home insurance, you would be left with no way of raising the funds to pay off the balance of the mortgage. That’s why it’s important to have a homeowners insurance policy that covers your risks and fits your needs. It may also protect you from more common things like pipe leaks and property damage. Even small issues can add up, and having coverage helps you protect your biggest investment.
Medical payments coverage or Personal Injury Protection, depending on where you live, can help cover some medical expenses and funeral expenses of covered drivers and passengers after an accident. The exact requirements, limits, and coverage can vary by state, so it's important to understand what's required where you live.
Medical Malpractice
Medical director’s liability coverage is important to consider for senior care facilities. While the medical director may not treat patients directly, their supervisory duties still carry a possibility for claims of negligence or errors. In addition to medical malpractice insurance, physicians and other medical providers should consider administrative defense coverage. This helps cover the legal costs of defending against actions taken by state licensing boards, peer review and credentialing, and other regulatory matters.